Enforcement

Enforcement

South Korea Seizes Assets from Crypto Lender Delio

By Editors | 25/07/2023

Prosecutors and the FSC seized “all company and customer assets, including Delio’s cold wallets and ledgers”.

Capital / Liquidity

UBS Penalised $388m Over Credit Suisse’s Archegos Failings

By Editors | 25/07/2023

US, UK, and Swiss regulators took coordinated action to punish the “unsafe and unsound” risk management practices at Credit Suisse.

AML / KYC

Disgraced Former CSRC Official Has a New Job at PBOC – Report

By Editors | 25/07/2023

Former CSRC chief Liu Shiyu was previously punished for using his position and power to seek personal gains for others.

Crypto / Digital Assets

Couple Responsible for 2016 Bitfinex Hack Reach Plea Deal

By Manesh Samtani | 24/07/2023

The 119,754 bitcoin stolen was worth $71mn at the time of the hack. When the couple was arrested in Feb 2022, it was worth over $4.5mn.

Enforcement

FSS Korea Directs Chinese Banks to Address Regulatory Violations

By Sanday Chongo Kabange | 24/07/2023

The FSS has directed three Chinese banks with branches in Seoul to take corrective measures to rectify disclosure and reporting violations.

AML / KYC

US DOJ Elevates Crypto Enforcement Team Within Criminal Division

By Manesh Samtani | 24/07/2023

NCET will merge into the Computer Crime and Intellectual Property Section, more than doubling the number of prosecutors available to work on crypto-related crime.

AML / KYC

China Dismantles Online Gambling Ring, Seizes $160m in Crypto

By Editors | 22/07/2023

Police said the scheme involved a “maze-like criminal network” that used virtual assets to launder money overseas.

Enforcement

NZ Court Imposes Highest Ever Penalties for Market Manipulation

By Sanday Chongo Kabange | 21/07/2023

Two former senior executives of  Oceania Natural Ltd were ordered to pay a combined N$2.09mn for market manipulation.

Enforcement

FSS Korea Steps Up Efforts to Eradicate Unfair Trading Practices

By Mark Johnston | 21/07/2023

The FSS governor pledges to crack down on any illegal activities in the capital market. A notice outlines misconduct at some investment firms.