Enforcement

Part of the laundered funds came from 55 victims of investment frauds and romance scams, police say.

BaFin has been under fire since mid-last year for failing to properly respond to multiple red flags signalling an accounting fraud at Wirecard.

The bank failed to establish the source of wealth and source of funds of customers and beneficial owners of higher-risk customers, MAS said.

A Hong Kong judge has approved an agreement between Huawei and HSBC that includes document sharing by the bank, with some redactions.

SEBI says Yes Bank misled individual investors into buying risky AT1 bonds and did not inform them of the risks involved or conduct risk profiling.

The man traded while in possession of inside information relating to a diamond discovery by Lonrho Mining in Africa in 2012.

Nomura has set up the team to look into the bank’s risk management practices. It plans to disclose details of Archegos loss in late April.

The new department will work to incentivise and manage prudent behaviour as well as hold institutions to account for non-compliance.

Han Delong worked for UOB between August 2014 and December 2015, and for OCBC between March 2016 to January 2017.

Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.