Enforcement

AML / KYC

Five Banks Searched in French Tax Fraud Probe

By Editors | 29/03/2023

Four major French banks and a foreign bank were targeted by simultaneous searches related to the so-called “Cum-Ex” tax scandal.

Enforcement

JPMorgan’s Dimon to Give Sworn Deposition for Epstein Lawsuits

By Editors | 29/03/2023

Last week, a judge ruled that JPMorgan Chase and Deutsche Bank must both face sex trafficking lawsuits related to the late Jeffrey Epstein.

Enforcement

Malaysian Court Jails Former Hong Leong Investment Banker

By Editors | 29/03/2023

The former investment banker convinced investors to invest over $390,000 in securities products that did not exist.

Enforcement

ASIC Fines ALT Financial Group for Failing To Lodge Financial Reports

By Editors | 29/03/2023

The fine was one of the largest ever issued by ASIC for failures to lodge financial reports. ALT Financial Group was convicted in absentia on 13 ASIC charges.

Enforcement

US Prosecutors Charge FTX Founder for FCPA Violation

By Editors | 29/03/2023

Sam Bankman-Fried allegedly bribed at least one Chinese official to secure the release of $1bn in frozen assets.

Capital / Liquidity

FINMA May Discipline Credit Suisse Managers

By Editors | 29/03/2023

FINMA president Marlene Amstad said Credit Suisse had a cultural problem and made numerous mistakes over several years.

Capital / Liquidity

Fed, FDIC Probe Adequacy of Oversight at Collapsed Banks

By Manesh Samtani | 29/03/2023

Fed review of SVB will consider supervisory failures. FDIC is investigating misconduct by bank directors, officers, and other parties.

AML / KYC

CFTC Alleges Binance is Operating in the US Illegally

By Editors | 28/03/2023

The CFTC says Binance’s US activities were subject to registration and regulatory requirements but that key executives deliberately disregarded these requirements.

Enforcement

US DOJ Arrests and Charges Founder of Hacker Forum

By Editors | 25/03/2023

BreachForums is one of the world’s largest marketplaces for hacked and stolen data and other contraband.