Enforcement

AML / KYC

US Imposes New Sanctions on Russian Targets

By Manesh Samtani | 16/09/2022

The US and EU are also discussing plans target Turkish banks that have joined Russia’s Mir payment system. Putin unexpectedly admitted to tensions with Xi.

Enforcement

SEBI Probes AIFs Over Non-transparent Practices – Report

By Editors | 15/09/2022

At least 20 alternative investment funds are under scrutiny for practices such as dividend stripping, priority payouts, and opaque valuation policies.

Enforcement

ASIC Places Interim Stop Orders on Two Property Funds

By Editors | 15/09/2022

The orders prevent the funds from being offered or distributed to consumers until deficiencies in their TMD statements are addressed to ASIC’s satisfaction.

AML / KYC

OFAC Sanctions Iranian Actors Over Ransomware Activity

By Editors | 15/09/2022

OFAC said the IRGC-affiliated group has launched extensive campaigns across the globe targeting defence, diplomatic, government and private industry personnel.

Enforcement

Korea Issues Arrest Warrants for Terra Founder, Five Others

By Editors | 14/09/2022

Prosecutors say Terra coins were investment securities under Korea’s capital markets law. Do Kwon is alleged to have committed fraud.

AML / KYC

UN Official Calls for Removal of All Iran Sanctions

By Manesh Samtani | 14/09/2022

Alena Douhan calls on the US and its allies to lift all sanctions and other restrictions against Iran, and invites the UN to propose mechanisms of compensation, remedy and redress.

Enforcement

Australia Tables Bill to Establish Compensation Scheme of Last Resort

By Manesh Samtani | 13/09/2022

Some in the industry have expressed concerns that the CSLR does not go far enough, as its scope does not cover managed investment schemes.

Crypto / Digital Assets

Australian Federal Police Forms Cryptocurrency Unit

By Editors | 13/09/2022

The new unit will target assets and provide investigative tracing capabilities for all of the AFP’s commands across all of its businesses.

ESG / Sustainability

Glencore Facing Greenwashing Allegations in Australia

By Editors | 13/09/2022

A complaint from environmental lawyers calls on the ACCC and ASIC to investigate statements made by Glencore about its plans to reach net zero by 2050.