Enforcement

Enforcement

19 Year Old Pleads Guilty for Involvement in OCBC Phishing Scams

By Editors | 24/04/2023

The youth is the sixth individual to be convicted among those accused of being involved in phishing scams.

Enforcement

Singapore Jails Stock Trader for False Trading Offences

By Editors | 23/04/2023

The trader used 14 trading accounts to create a false appearance of active trading in the market for shares in KTL Global.

Enforcement

Barclays to Close 21 ETN Products Following Over-issuance Incident

By Mark Johnston | 22/04/2023

Barclays will close nearly half of its US-listed ETNs. The bank was penalised by the SEC last year for over-issuing $17.7bn in securities.

Crypto / Digital Assets

NBA Hall of Famer Shaquille O’Neal Served FTX Lawsuit

By Editors | 21/04/2023

Lawyers have been attempting to serve O’Neal since November 2022 but he reportedly evaded agents hired to serve the documents for months.

Enforcement

CSRC Investigating GF Securities for Underwriting Failures

By Editors | 21/04/2023

The investigation is related to a 2018 share issuance for which Hong Kong-listed GF Securities served as an underwriter.

Enforcement

Dubai: KPMG Ordered to Pay Investors Over Audit Violations

By Editors | 20/04/2023

The court said KPMG Lower Gulf committed “many violations” of international auditing standards and ordered the firm to pay investors $231mn.

Enforcement

Korea to Prosecute “Malicious Rumours” in Financial Market

By Editors | 19/04/2023

FSC Chairman Kim Joo-hyun instructed the FSS to prosecute those who spread false information after rumours circulated about problems at two unlisted lenders.

AML / KYC

Chinese Court Sentences Ex-CDB Exec to 10 Years Jail

By Editors | 18/04/2023

The court found that Fu Xiaodong accepted bribes over 13 years while serving in senior positions at the China Development Bank.

Enforcement

Russian National Receives Light Sentence for Laundering Ransomware Proceeds

By Mark Johnston | 18/04/2023

Denis Dubnikov laundered money for the Ryuk ransomware gang, but pleaded guilty and cooperated with investigators.