ENFORCEMENT

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    Enforcement

    MAS Imposes Civil Penalty Action in False Trading Case

    By Nithya Subramanian | 14/01/2025

    Gui Boon Sui was fined S$350,000 and barred from being involved in the management of a company for two years

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    Enforcement

    US Grand Jury Indicts Three Russians Who Operated Crypto Mixers

    By Manesh Samtani | 14/01/2025

    The defendants operated Blender.io and Sinbad.io, which were used to launder funds stolen from victims of ransomware, virtual currency thefts, and other crimes.

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    Enforcement

    China to Expand Anti-corruption Crackdown to More Sectors

    By Manesh Samtani | 14/01/2025

    The CCDI will also draft a law to tackle cross-border corruption and strengthen supervision of the spouses and children of officials

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    AML / KYC

    US Gives Estonia $50m for its Help in Danske Bank Case

    By Nithya Subramanian | 13/01/2025

    Estonia will use the funds to combat financial crime, enhance asset recovery, and provide specialised training across the Baltic States and Nordic region

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    AML / KYC

    Interpol Published First-ever ‘Silver Notice’ at Italy’s Request

    By Thisanka Siripala | 13/01/2025

    The Silver Notice seeks information from Interpol member countries on the assets belonging to a senior member of the mafia

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    Enforcement

    ICAC Charges Ex-SFC Official for Interfering with Investigation

    By Sanday Chongo Kabange | 13/01/2025

    The former associate director allegedly advised subjects of a market manipulation investigation to destroy potential evidence

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    Enforcement

    US SEC Fines ATS Operator Liquidnet for Deficient Controls

    By Nithya Subramanian | 13/01/2025

    Liquidnet violated the market access rule over several years by setting inappropriate credit thresholds, including a default threshold of $1bn

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    Enforcement

    US Court Sentences Aide of Exiled Chinese Businessman Guo Wengui

    By Mark Johnston | 09/01/2025

    Yvette Wang was sentenced to 10 years in prison for her involvement in a $1bn fraud scheme orchestrated by Chinese businessman Guo Wengui.

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    Crypto / Digital Assets

    Korean Supreme Court Uphold Jail Sentence of Crypto Trader

    By Editors | 09/01/2025

    The decision has brought clarity on the definition of a virtual asset business operator under South Korean law

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    Enforcement

    CFTC Settles Lawsuit Against Crypto Exchange Gemini for $5m

    By Editors | 08/01/2025

    The CFTC’s 2022 lawsuit had accused Gemini of providing inaccurate information about the manipulation risks of a proposed Bitcoin futures product

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