The six arrested persons opened 60 personal accounts at various banks and made over 2,600 suspicious transactions.
American Express and Diners Club were found to be non-compliant with the RBI's 2018 directions requiring payment system data to be stored onshore.
Shinhan Bank's CEO and Shinhan Financial Group's Chairman received lighter punishments than expected over the Lime mis-selling scandal.
Ng Yu Zhi allegedly cheated five individuals into paying around S$8.8mn for nonexistent forward contracts purported to be for the sale of nickel to a metals trader.
The three fund managers bought shares in Far Eastern Department Store at the request of a former official who has since been charged with corruption.
The Swiss regulator said it will appoint a third-party agent to investigate “possible shortcomings in risk management” at Credit Suisse.
The draft regulatory guide provides clarification on what constitutes a reportable situation under the upcoming breach reporting reforms.
Three of the four are senior executives of a listed company. They are said to have embezzled over HKD 19 million of the listed company's funds.
The co-CEOs knew of their chairman's arrest and conviction in Korea for fraud but did not report the events to the SFC.
Alexander Schütz is suspected of using inside information to trade Wirecard shares. A separate probe into EY's audits of Wirecard is continuing.
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