Enforcement

Enforcement

SFAT Upholds SFC’s Decision to Bar Ex-UBS Banker for Two Years

By Mark Johnston | 30/09/2023

The SFAT has upheld the SFC’s decision to prohibit Calvin Choi from re-entering the industry for two years.

Enforcement

US Regulators Fine 12 More Entities in WhatsApp Probe

By Editors | 29/09/2023

The latest penalties target broker-dealers, their investment advisory businesses, as well as two credit rating agencies.

Enforcement

Indian Lawmakers Demand Parliamentary Probe into Adani Group

By Mark Johnston | 29/09/2023

The Congress party says SEBI is reluctant to investigate the allegations against the Adani Group, one of the largest conglomerates in India.

Enforcement

Citigroup Fined for Violating Disclosure Obligations Under Reg BI

By Editors | 29/09/2023

Citi defaulted about 360,000 accounts to receive disclosures electronically without receiving proper consent from the customers.

Enforcement

Korea Jails Four Individuals in Coinone Bribery Case

By Editors | 28/09/2023

Two former employees of Coinone were jailed for accepting bribes. Two brokers were also jailed for facilitating the bribes.

Enforcement

Evergrande Chairman Suspected of “Illegal Crimes”

By Editors | 28/09/2023

Evergrande said its chairman Hui Ka Yan was placed under “residential surveillance” due to his suspected involvement in “illegal crimes”.

Enforcement

Prosecutors Charge Ex-PBOC Official for Accepting Bribes

By Editors | 28/09/2023

Prosecutors say Fan abused his positions at China Construction Bank, China Investment Corp, Bank of Shanghai and the PBOC.

Crypto / Digital Assets

ASIC Punishes Fintech Firm for Misrepresenting Crypto Product

By Sanday Chongo Kabange | 28/09/2023

Bobbob and its sole director are prohibited from providing financial services to retail clients for 12 months and paid A$53,000 in penalties.

Enforcement

UPDATED – US DOJ Probes Possible Sanctions Violations at Credit Suisse, UBS – Report

By Editors | 28/09/2023

The DOJ has requested information about how Credit Suisse and UBS handled the accounts of sanctioned clients in recent years.