Enforcement

Enforcement

Prosecutors Drop Criminal Cartel Case Against Citi, Deutsche

By Editors | 13/02/2022

Australia’s top prosecutor concluded that there were no longer reasonable prospects of convicting Citigroup, Deutsche Bank and four former executives.

AML / KYC

US DOJ Makes Largest Ever Cryptocurrency Seizure

By Sanday Chongo Kabange | 10/02/2022

The DOJ seized a record USD 3.6 billion in bitcoin tied to the 2016 Bitfinex hack, representing the largest financial seizure in its history.

AML / KYC

PBOC Fines MYbank for AML and Other Violations

By Editors | 10/02/2022

MYbank failed to perform customer identification obligations, preserve identity information and transaction records, and report suspicious transactions.

Enforcement

Singapore Man Charged Over False Statements in Telegram Chat

By Manesh Samtani | 09/02/2022

The false statements were used to induce investors to trade listed securities. SGX has previously warned about the use of Telegram chat groups in “pump and dump” schemes.

Enforcement

CBIRC Vows to Continue Efforts to Prevent, Resolve Financial Risks

By Editors | 07/02/2022

The CBIRC said it will dismantle “high-risk shadow banks”, and crack down on illegal financial and fundraising activities, unfair competition, and unlicensed financial businesses.

Enforcement

US DOJ Probes for Criminal Abuses by Known Short Sellers

By Editors | 07/02/2022

The DOJ is reportedly seeking records from almost 30 investment and research firms to map out their alliances and determine whether they manipulated markets or broke securities laws.

Enforcement

Taiwan Allows Deutsche Bank to Resume FX Derivatives Trading

By Editors | 07/02/2022

Last February, Deutsche Bank’s Taipei branch was banned from trading TWD forwards and suspended for two years from trading FX derivatives.

Enforcement

MAS Imposes Capital Surcharge on DBS for November Outage

By Editors | 07/02/2022

DBS has to hold SGD 930 million in additional regulatory capital until MAS is satisfied that it has addressed all shortcomings identified by an independent reviewer.

AML / KYC

Philippines: DOJ, BAP to Collaborate on Combatting Cybercrime

By Ranamita Chakraborty | 07/02/2022

The DOJ and BAP will collaborate on stronger measures to combat online fraud, including to enhance enforcement and prosecution of cybercriminals.