Enforcement

ANZ and ASIC have filed a statement of agreed facts and admissions with the court and agreed on a proposed penalty of AUD 25 million.

A new wave of anti-corruption probes has brought down senior officials and executives from the SSE, CSRC, CBIRC, ICBC and Everbright Bank.

Between September 2005 and March 2020, some 35,000 home loan customers were overcharged a total of NZD 1.1 million.

The new rules will enable parties suspected of engaging in illegal acts to pay administrative settlements rather than wait for investigations to be concluded.

The former licensee offered to invest for two students he taught, and then misappropriated their funds for his personal use.

The court ruled that the prosecution did not prove that IPO consultant Richard Lum had bribed the former joint-head of HKEX's IPO vetting team, Eugene Yeoh.

The legislation will allow Australia to address gross human rights violations, serious corruption, malicious cyber activity, among other themes.

Protecting whistleblowers' identities will be the FRC's highest priority. It will not share any personal information to outside parties unless it is "legally obliged to do so".

Customs, police, FIUs and wildlife and forestry enforcement agencies in 118 countries participated in the operation, which has led to hundreds of arrests and over 1,000 seizures.

Suncity Group's Alvin Chau allegedly operated a gambling syndicate that used Macau as a base for an illegal "live web betting platform" in the Philippines, targetting customers in mainland China.