Enforcement

Updated guidance sets out expectations around the due diligence that should be performed to assess whether entities are owned or controlled by designated persons.

Joe Biden is asking Congress to make it easier for regulators to fine and ban executives of failed banks and claw back compensation.

Deloitte’s China arm was fined a record CNY 212 million for "serious" deficiencies in its audit work for China Huarong Asset Management between 2014 and 2019.

A new taskforce has seized over AUD 250 million in cash and assets from money launderers since December 2022.

AUSTRAC says PayPal has cooperated with an enforcement investigation that commenced in December 2020, related to IFTI reporting.

The arrestees include qualified accountants and senior executives of a number of Hong Kong-listed companies, the SFC and ICAC said.

ASIC said the TMDs for three funds were “broadly drafted and failed to define key concepts” and did not meet the “appropriateness requirements” under the DDO regime.

The PBOC fined China Bohai Bank for committing 12 regulatory violations. The bank was fined twice last month for different violations.

Swedbank made a change to a business-critical IT system without following its internal procedures and processes.

Guo Wengui and his financial adviser allegedly cheated thousands of investors since 2018 by promising outsized returns on various offerings.