Enforcement

Crypto / Digital Assets

US Prosecutors Probe Possible Terra Manipulation by Trading Firms

By Editors | 15/03/2023

SDNY prosecutors are said to be looking into Telegram chats among employees at Jump Trading and Jane Street from last May.

Enforcement

Compensation for Poor Advice Reaches A$4.7b: ASIC

By Editors | 14/03/2023

As of end December, the major banks paid or offered to pay almost AUD 4.7 billion (USD 4.2 billion) in compensation to over 1.6 million customers.

Enforcement

SFC Fines Brokerage for 2015 System Testing Incident

By Editors | 14/03/2023

I-Access Investors incorrectly used data from system testing as production data and inadvertently triggered 27 stop loss sell orders by 12 clients.

Enforcement

LBMA to Probe Perth Mint ‘Gold Doping’ Allegations

By Editors | 14/03/2023

Adverse findings under LBMA’s incident review process can result in refiners being struck off the Good Delivery List.

Enforcement

FSC Korea Uses Enhanced Penalties Regime for the First Time

By Editors | 13/03/2023

Two firms were fined a combined KRW 5.05 billion (USD 3.9 million) for naked short selling. The names of the firms were not released.

AML / KYC

Former Malaysian PM Muhyiddin Charged With Corruption

By Editors | 13/03/2023

Former prime minister Muhyiddin Yassin was charged with four counts of abuse of power and three counts of money laundering.

Enforcement

Australian Court Fines ANZ Over Introducer Programme

By Editors | 13/03/2023

ANZ received sensitive information or documents about borrowers from unlicenced third parties through its introducer programme.

Enforcement

OFAC Cracks Down on Entities Helping Iran Evade Sanctions

By Editors | 10/03/2023

The sanctions target entities in China, Hong Kong, Singapore, Malaysia and elsewhere for helping Iran evade sanctions and supplying critical components for its drones.

AML / KYC

1MDB: Ex-Goldman Banker Sentenced to 10 Years in Prison

By Editors | 10/03/2023

Prosecutors had sought a 15 year sentence for Roger Ng, saying he was a central player in the “brazen and audacious scheme” to steal billions of dollars from 1MDB.