Enforcement

Next Bank is one of the three internet-only banks that was issued a licence by the FSC in 2019. The bank has yet to launch operations.

James Mawhinney is prohibited from promoting and raising funds from the public through financial products for 20 years.

ABN Amro conducted inadequate client due diligence, assigned risk classifications in an incorrect manner, and fell short in alert processing, among other failures.

Shinhan Bank has separately been ordered to repay up to 75 percent of investments it sold in Lime's credit insured funds.

The CSRC said the lawsuit will help listed companies and intermediaries to improve their internal governance and standardise market operations.

The former representative submitted false income proof statements to deceive AIA into offering him a higher signing fee.

Criminal groups reportedly colluded with underground banks to launder money by disguising their illegal proceeds as payments for goods.

US banks will be barred from purchasing rouble-denominated sovereign bonds in the primary market starting from 14 June.

Huarong’s failure to publish its earnings by its 31 March deadline has prompted concerns of a default by China's largest distressed debt manager.

The errors occurred as a result of a programming mistake in a script created to automate the process of identifying reportable short positions.