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Enforcement
AML / KYC
Indian Authorities Investigating Three ‘Top Brokers’ – Reports
By Editors | 16/05/2023
Three top brokers, who were not named, were found to be engaged in “large-scale money laundering activities” with the involvement of PEPs.
Crypto / Digital Assets
Korean Prosecutors Seize Records from Upbit, Bithumb
By Editors | 16/05/2023
The move is part of a probe into a Korean lawmaker who was found to own crypto in amounts that are “inconsistent with his frugal image”.
Enforcement
Thai Couple Sentenced to 12,000+ Year Jail Term Over Ponzi Scheme
By Editors | 15/05/2023
Husband and wife are expected to be in prison for 20 years each, because of a law that limits total jail time.
Enforcement
Lawsuit Alleges Jump Trading Manipulated TerraUSD Stablecoin
By Mark Johnston | 15/05/2023
Illinois lawsuit accuses high-frequency crypto trading firm Jump Trading manipulated TerraUSD stablecoin.
Enforcement
Australia, New Zealand to Jointly Investigate Data Breach
By Editors | 15/05/2023
The probe into Latitude’s data breach is the first joint privacy investigation by Australia and New Zealand authorities.
Enforcement
CFTC Fines HSBC for “Deceptive Trading”, WhatsApp Use
By Editors | 14/05/2023
The CFTC fined three HSBC affiliates a total $75m for manipulative and deceptive trading, spoofing, and supervision and record-keeping failures.
AML / KYC
US SEC Fines Philips for Corrupt Practices in China
By Editors | 14/05/2023
Dutch medical supplier engaged in “improper” conduct and bidding practices to sell its medical technology products in China.
Enforcement
SEBI Penalises Four Former Officials of Karvy Stock Broking
By Mark Johnston | 12/05/2023
SEBI fined the four individuals a combined INR 19 million over Karvy Stock Broking’s misappropriation of client assets in 2019.
Enforcement
HK Court Orders Confiscation of HK$63m from Bribery Case
By Mark Johnston | 12/05/2023
The investor bribed a former Deutsche Bank director to obtain insider information to help him trade derivative warrants.
Enforcement
HSBC, Scotia Fined for Use of Unapproved Messaging Tools
By Editors | 12/05/2023
Employees, including those at senior levels and in compliance roles, used unapproved messaging tools to engage in business-related communications.
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