Enforcement

The ACCC has established a new taskforce that will focus on sustainability and its intersection with competition and consumer law.

In one new lawsuit, AQR Capital Management and four other hedge funds are claiming almost $100mn in damages.

BKCoin and one of its co-founders commingled client money and used some make "Ponzi-like payments" to other investors.

Philip Shaw's misconduct was "intentional, dishonest and contrary to a licensed person’s overarching duty to act in clients’ best interests," the SFC said.

Singapore police confirmed "ongoing" investigations into Terraform Labs, which is also being sued by the US SEC following its collapse last May.

China (incl. HK and Macau), Armenia, Turkey and Uzbekistan are named as "transshipment points commonly used to illegally redirect restricted items to Russia or Belarus”.

This is the first time UK regulators have opened an enforcement investigation against an exchange, which observers say could point to serious misconduct or compliance failures.

Godfrey Phillips India exported tobacco to North Korea through a Thai intermediary, saying they were going to China. Hong Kong intermediaries were used to make the payments.

The former chief trader of Axis Mutual Fund is alleged to have conceived of a "fraudulent scheme" with other "unscrupulous entities" to front-run trades.

A Convoy Asset Management consultant was banned for life for his role in a stock manipulation scheme and for lying to the SFC.