ENFORCEMENT

    image

    Enforcement

    SGX Reprimands RHT Capital for Breaching Sponsor Obligations

    By Editors | 14/12/2024

    RHT Capital failed to advise Y Ventures to promptly disclose that its financial statements contained material errors that were false and misleading

    image

    AML / KYC

    US Authorities Arrest Former TD Bank Employee for Money Laundering

    By Thisanka Siripala | 13/12/2024

    The ex-employee allegedly issued debit cards from Florida that were used to withdraw narcotics proceeds through ATMs in Colombia.

    image

    Enforcement

    Australia Court Orders Kraken to Pay A$8m for DDO Breaches

    By Sanday Chongo Kabange | 13/12/2024

    ASIC believes many crypto products are subject to the same design and distribution requirements that resulted in Kraken’s penalty.

    image

    Enforcement

    US Authorities Charge 14 Over DRPK IT Workers Scheme

    By Editors | 12/12/2024

    US employers unwittingly employed 14 North Korean IT workers for years and paid them hundreds of thousands of dollars in salary.

    image

    Sanctions

    UK to Help Cyprus Establish Sanctions Implementation Unit

    By Editors | 12/12/2024

    That new unit will have new analytical tools and powers to investigate sanctions evasion and ensure the effectiveness of Russia-related sanctions.

    image

    Enforcement

    Former Chairman of China Everbright Group Handed Jail Sentence

    By Editors | 12/12/2024

    Tang Shuangning embezzled public property while at the PBOC in 2003 and accepted bribes in various positions between 2000 and 2017.

    image

    Sanctions

    China Launches Antitrust Probe into US Chip Giant Nvidia

    By Editors | 11/12/2024

    The probe is seen as a geopolitical rather than a regulatory or legal action, in retaliation against the US’ latest curbs on China’s chip sector.

    image

    Enforcement

    US SEC Fines Morgan Stanley Smith Barney Over Theft of Client Funds

    By Thisanka Siripala | 11/12/2024

    The SEC said the firm failed to prevent four financial advisors from misappropriating nearly $10mn of client funds.

    image

    Sanctions

    OFAC Sanctions Chinese Cybersecurity Company and Employee

    By Editors | 11/12/2024

    OFAC said the employee was responsible for deploying malware to 81,000 firewalls owned by thousands of businesses worldwide in April 2020.

    image

    Enforcement

    US Regulator Places Google Payment Corp Under Supervision

    By Thisanka Siripala | 11/12/2024

    Google Payment Corp says the consumer complaints cited by the CFPB are based on a discontinued service that no longer poses a risk.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team