Enforcement

AML / KYC

China: Liaoning Officials Probed Following Two Bank Failures

By Editors | 06/09/2022

Among them, two CBIRC officials are accused of failing in their supervisory duties and for accepting bribes in exchange for favours.

Enforcement

Singapore: StanChart RM Charged for Unauthorised Access to Customer Data

By Editors | 06/09/2022

The relationship manager used the computers of other bank staff to access the personal information and transactional history of another StanChart employee.

AML / KYC

US Fed Ends HSBC 2012 Deferred Prosecution Agreement

By Editors | 06/09/2022

HSBC welcomed the decision, saying its employees have worked hard over the last decade to transform the bank’s financial crime risk management capabilities.

Securities / Derivatives

SFC Suspends Rifa Futures Exec Over ‘Xinguanjia’ Trading Software

By Editors | 06/09/2022

In July, Rifa Futures became the fourth firm to be fined over the use of Xinguanjia. The firm’s managing director has now been suspended for 8 months.

Enforcement

Thai SEC Penalises Bitkub CTO for Insider Trading Violations

By Editors | 05/09/2022

Bitkub’s CTO bought the company’s own digital token, KUB Coin, based on inside information about a proposed acquisition by Siam Commercial Bank.

Enforcement

Korean Authorities Arrest 16 Over Illegal FX Transactions

By Editors | 05/09/2022

In some cases, funds were remitted overseas via commercial banks, disguised as payments for trade businesses to exploit the “Kimchi premium”.

AML / KYC

German Prosecutors Raid JP Morgan as Part of Cum-Ex Probe

By Editors | 04/09/2022

Around 1,500 people are currently under investigation across 50 international and domestic financial institutions and brokers.

Enforcement

Thai SEC Files Suit Against Company Chairman Fake Vaccine Deal

By Editors | 03/09/2022

The chairman disseminated false statements to various media outlets last year saying his company had signed a contract to import Phizer’s Covid-19 vaccines.

Enforcement

Australia: Grant Thornton Auditor Facing Criminal Charges

By Editors | 01/09/2022

The matter reportedly concerns revenue numbers signed off by Grant Thornton for booking in the half-year results of iSignthis Ltd in 2018.