ENFORCEMENT

Enforcement

JSDA Fines Nomura Over JGB Futures Manipulation Case

By Editors | 19/12/2024

The FSA, OSE and TSE have each already penalised Nomura Securities for JGB futures manipulation by one of its traders in March 2021.

Sanctions

US Sanctions 7 Targets for Aiding Iranian UAV Development

By Editors | 19/12/2024

One of the sanctioned individuals supplied technology used by Iran to kill three US service members in Jordan earlier this year.

Capital / Liquidity

FDIC to Pursue Legal Action Against 17 Former SVB Executives

By Editors | 19/12/2024

Chairman Martin Gruenberg said the executives breached their duties by mismanaging Silicon Valley Bank’s securities portfolios.

Enforcement

New Zealand FMA Censures Pathfinder for Misleading Representations

By Sanday Chongo Kabange | 18/12/2024

The FMA said Pathfinder Asset Management should have included information in social media ads about exceptions permitted by its ethical investment policy

Enforcement

Australia Settles Meta Lawsuit Over Cambridge Analytica Scandal

By Sanday Chongo Kabange | 18/12/2024

Meta agreed to pay A$50 million to compensate Australian Facebook users who had their personal information disclosed without consent.

Enforcement

ASIC Sues Binance Over Misclassification of Retail Clients

By Editors | 18/12/2024

Binance offered crypto derivative products to over 500 Australian retail investors who were misclassified as wholesale clients.

Enforcement

Japan FSA Orders MUFG to File Report on Safe Deposit Box Thefts

By Sanday Chongo Kabange | 18/12/2024

The FSA ordered MUFG Bank to submit a report on the theft of customer assets from 60 safe deposit boxes by a former employee.

AML / KYC

AUSTRAC Sues Online Betting Site Operator Entain for AML Breaches

By Sanday Chongo Kabange | 17/12/2024

AUSTRAC CEO said the failures in Entain’s approach to its AML/CTF obligations were “systemic” and “left the company at serious risk of criminal exploitation”

Enforcement

JPX Penalises Nomura Over JGB Futures Manipulation Case

By Sanday Chongo Kabange | 17/12/2024

OSE has imposed a fine and a threeday JGB futures trading suspension on Nomura Securities while the TSE issued a reprimand.