Enforcement

AML / KYC

US Federal Court Declares Crypto Subject to Sanctions Laws

By Mark Johnston | 20/05/2022

A newly unsealed federal court opinion supports the DOJ’s first criminal prosecution involving the use of crypto for sanctions evasion.

Enforcement

RBNZ Finalises Guidelines on Enforcement Principles and Criteria

By Editors | 19/05/2022

The enforcement principles guide RBNZ’s investigation and enforcement strategy. The enforcement criteria help determine the appropriate enforcement response to non-compliance.

Enforcement

HK ICAC Charges Ex-Sunway Employee for Money Laundering

By Editors | 19/05/2022

A former personal assistant helped his boss to launder HKD 125 million borrowed from listed company Sunway International Holdings.

Enforcement

ASIC Sets Out Expectations on Cyber Risk Management

By Mark Johnston | 19/05/2022

The guidance follows Australia’s first Federal Court judgment ruling that an AFS licensee breached its obligations on managing cyber risk.

AML / KYC

Philippines Passes Law to Enhance Financial Consumer Protections

By Sanday Chongo Kabange | 19/05/2022

The law grants regulators enhanced powers to address fraud and consumer complaints in a more timely manner.

AML / KYC

US Charges Crypto CEO for Fraudulent Investment Scheme

By Mark Johnston | 19/05/2022

Eddy Alexandre, the CEO of EminiFX, promised weekly returns would be generated through proprietary robo-advising technology.

Enforcement

Allianz to Pay $6bn to Settle Investor Fraud Cases

By Editors | 18/05/2022

Allianz Global Investors admitted that it violated the federal securities laws, and is disqualified from providing advisory services to US funds for ten years.

AML / KYC

NSW Ministers Working on New AML Laws – Report

By Editors | 17/05/2022

The NSW attorney general and police minister are working on new laws to tackle unexplained wealth and organised crime.

AML / KYC

HK Police Arrest 17 for Using Virtual Banks to Launder Money

By Editors | 16/05/2022

The syndicate members processed the funds through more than 20 online bank accounts since 2021, police said.