Enforcement

AML / KYC

Former CSRC Official Sentenced to Death With Reprieve

By Editors | 05/06/2022

A former CSRC official and Communist Party city chief was found to have taken $41mn in bribes between 2004 and 2020.

Crypto / Digital Assets

Korea FSS Probes Use of Crypto by Payment Firms

By Manesh Samtani | 04/06/2022

Regulators also plan to launch a ‘Digital Assets Committee’ this month to bring additional safeguards and regulatory structure to Korea’s crypto industry.

Crypto / Digital Assets

CFTC Files Suit Against Winklevoss-founded Crypto Exchange

By Editors | 03/06/2022

The CFTC says Gemini misled the regulator about whether it could prevent manipulation in the prices used as a benchmark for a bitcoin futures contract.

AML / KYC

US to Seek New UN Sanctions if DPRK Tests Nuclear Weapon

By Editors | 03/06/2022

The US tried to impose new UN sanctions on North Korea last week but the resolution was vetoed by China and Russia.

ESG / Sustainability

DWS CEO Quits Over Greenwashing Accusations

By ESG Investor | 02/06/2022

Resignation sparked by German police raids to investigate claims over mis-representation of ESG funds.

Crypto / Digital Assets

Ex-OpenSea Employee Charged for Insider Trading in NFTs

By Editors | 02/06/2022

The former product manager traded on confidential information about which NFTs were going to be featured by OpenSea’s website.

AML / KYC

More Chinese Firms Fall Under India Probe for ‘Irregularities’

By Editors | 02/06/2022

The MCA says it has received information that indicates potential violations including fraud by Chinese companies operating in India.

Enforcement

AFCA to Start Using New Funding Model from 1 July

By Editors | 01/06/2022

The new user-pay model will reward good performance and early resolution while apportioning fees fairly based on the actual use of AFCA’s services.

AML / KYC

Malaysia SC Offers Guidance on Detecting Fake Investment Firms

By Editors | 01/06/2022

In one case, approximately $821,000 flowed through one mule bank account controlled by scam operators within a period of six months.