Enforcement

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    Enforcement

    Bulgaria Extradites Former OneCoin Exec to Face US Charges

    By Editors | 21/03/2023

    OneCoin’s former head of legal and compliance is alleged to have helped launder millions of dollars of illegal proceeds through shell companies and bank accounts.

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    AML / KYC

    Star Entertainment Admits to Breaking QLD Casino Laws

    By Editors | 20/03/2023

    Star pleaded guilty to seven charges of allowing customers to buy chips with credit cards at its Queensland casinos.

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    Enforcement

    India Supreme Court Orders SEBI to Refund NSE

    By Editors | 20/03/2023

    Supreme Court quashes SEBI’s orders against NSE for alleged lapses in network systems that favoured high-frequency traders.

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    AML / KYC

    UK OFSI Issues Guidance on Assessing Ownership and Control

    By Editors | 20/03/2023

    Updated guidance sets out expectations around the due diligence that should be performed to assess whether entities are owned or controlled by designated persons.

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    Enforcement

    Biden Seeks to Hold Executives Accountable for Bank Failures

    By Editors | 20/03/2023

    Joe Biden is asking Congress to make it easier for regulators to fine and ban executives of failed banks and claw back compensation.

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    Enforcement

    China MOF Fines Deloitte for Huarong Audit Failures

    By Editors | 19/03/2023

    Deloitte’s China arm was fined a record CNY 212 million for “serious” deficiencies in its audit work for China Huarong Asset Management between 2014 and 2019.

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    Enforcement

    AFP Seizes Over A$250m from Money Launderers

    By Editors | 18/03/2023

    A new taskforce has seized over AUD 250 million in cash and assets from money launderers since December 2022.

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    AML / KYC

    AUSTRAC Accepts Enforceable Undertaking from PayPal

    By Editors | 17/03/2023

    AUSTRAC says PayPal has cooperated with an enforcement investigation that commenced in December 2020, related to IFTI reporting.

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    Enforcement

    SFC, ICAC Arrest Five More Ramp-and-Dump Syndicate Members

    By Editors | 16/03/2023

    The arrestees include qualified accountants and senior executives of a number of Hong Kong-listed companies, the SFC and ICAC said.

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    Enforcement

    ASIC Issues Interim Stop Orders on Three BT Funds

    By Editors | 16/03/2023

    ASIC said the TMDs for three funds were “broadly drafted and failed to define key concepts” and did not meet the “appropriateness requirements” under the DDO regime.

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