Enforcement

Enforcement

UK Lawmaker Alleges State Cover-up in LIBOR Rigging Scandal

By Mark Johnston | 19/05/2023

Member of Parliament David Davis calls for investigation into perjury and false convictions in LIBOR rigging case.

Enforcement

Deutsche Bank to Settle Jeffrey Epstein Lawsuit for $75m

By Editors | 19/05/2023

The lawsuit brought by an unnamed woman in November claimed Deutsche Bank missed red flags in Epstein’s accounts and chose profit over following the law.

Enforcement

SFC Fines Brokerage for Negligence During Share Placement

By Editors | 19/05/2023

China On Securities used incorrect prices in contract notes and transferred shares to placees without first requiring payment.

Enforcement

Wells Fargo Agrees to Pay $1bn to Settle Class Action

By Editors | 18/05/2023

Shareholders accused Wells Fargo of overstating how well it was complying with 2018 consent orders from financial regulators.

Enforcement

US DOJ to Ramp Up Scrutiny of Crypto Platforms – Report

By Mark Johnston | 18/05/2023

The DOJ will pursue target crypto exchanges, mixers and tumblers that are enabling criminal actors to profit from their crimes.

Enforcement

ECB Fines Goldman Sachs for Miscalculating RWA

By Editors | 17/05/2023

Goldman’s European unit reported lower RWA for credit risk than it should have done for eight consecutive quarters.

Enforcement

OFAC Sanctions Key Actor in Russian Ransomware Ecosystem

By Editors | 16/05/2023

The Russian national helped to develop and deploy ransomware variants Hive, LockBit, and Babuk. A $10mn award is offered for information that leads to his arrest.

Enforcement

Korea to Investigate CFD Trades for Links to Stock Manipulation

By Mark Johnston | 16/05/2023

The FSC said it has confirmed that a “significant number” of CFD accounts were involved in last month’s stock crash.

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.