Enforcement

AML / KYC

SEC Charges 18 for Manipulation Using Hacked Trading Accounts

By Editors | 18/08/2022

The hackers broke into at least 31 US retail brokerage accounts to buy stock to drive up prices and exit their positions at artificially high prices.

Enforcement

CSRC Probes China Merchants Securities Over 2014 Deal

By Editors | 18/08/2022

The investigation will impact any IPO applications being sponsored by China Merchants Securities.

Enforcement

CBIRC Fines New Times Trust, Bans Top Executives for Life

By Editors | 18/08/2022

New Times Trust, a unit of Tomorrow Group, was fined CNY 7 million. Nine former executives were warned, fined or otherwise penalised with lifetime bans.

Enforcement

Korea FSS Probes Korea Investment & Securities Over System Outage

By Editors | 18/08/2022

The system outage occurred due to an electrical short circuit at Korea Investment & Securities’ main data processing computer centre.

Crypto / Digital Assets

India Freezes Crypto Exchange Assets in Money Laundering Probe

By Mark Johnston | 18/08/2022

India’s Enforcement Directorate has frozen funds belonging to three crypto firms including the Indian arm of crypto lender Vauld.

Crypto / Digital Assets

Korea FSS Targets Illegal Short Selling, FX Transactions

By Editors | 17/08/2022

October inspections will focus on firms with high volumes of short selling transactions. Probe into crypto-related FX transactions still underway.

AML / KYC

China Sanctions Taiwanese Politicians Over Official US Visit

By Editors | 17/08/2022

China’s sanctions targets include Taiwan’s de facto ambassador to the US, five lawmakers and an activist.

Enforcement

Hong Kong FRC Probes Evergrande, PwC Over Loan Guarantees

By Editors | 16/08/2022

The FRC is concerned about deposits held by Evergrande’s property services unit that were pledged as security for third parties to obtain bank loans.

Enforcement

HK Exchange Censures Ping An Securities, Two Former Directors

By Editors | 16/08/2022

The two former executive directors of Ping An Securities caused losses to the company through unapproved loans and asset disposals.