ENFORCEMENT

Enforcement

SFC Fines Black Marble Securities for Internal Control Failings

By Editors | 01/04/2021

The disciplinary action followed a client complaint about unauthorised trading activities in his account from August 2016 to July 2017.

Enforcement

SG Police Investigate Over 300 Individuals in Cases of Scams

By Editors | 31/03/2021

The suspects are being investigated for the offences of cheating, money laundering or providing payment services without a licence.

Enforcement

ASIC Reassesses Tools for Enforcing Disclosure Rules

By Ranamita Chakraborty | 30/03/2021

ASIC is assessing how changes to continuous disclosure laws will affect the practicality of issuing infringement notices.

Enforcement

FCA, BOE Set Out Priority Areas for LIBOR Transition

By Manesh Samtani | 30/03/2021

Supervisory tools may be used to address insufficient progress and poor risk management or governance.

Enforcement

SG Police to Lay 23 More Charges Against Hin Leong Founder

By Editors | 29/03/2021

The new charges could not be tendered against Lim Oon Kuin on Monday because the 78-year-old said he was unwell.

Enforcement

Australia Delays National Consumer Credit Protection Act Reforms

By Ranamita Chakraborty | 28/03/2021

Whether or not responsible lending obligations are repealed, ASIC says it will enforce lending standards as part of its focus on consumer protection.

Enforcement

ASIC Notches Win in Proceedings Against Mayfair 101 Group

By Ranamita Chakraborty | 28/03/2021

ASIC warns it will take action when search engines are used in a misleading or deceptive way to entice investors into products they are not searching for.

AML / KYC

US Sanctions Holding Companies Backing Myanmar Military

By Editors | 26/03/2021

The new sanctions target the Myanmar military’s control of significant segments of the country’s economy, which is a vital financial lifeline for the military junta.

Enforcement

CBIRC Fines Citic Bank for Failure to Protect Customer Data

By Editors | 25/03/2021

The penalty is likely related to a complaint by a popular comedian that Citic Bank leaked his personal data on the Internet.