Enforcement

The case, launched by ASIC in July 2019, related to periodic payment fees ANZ was not entitled to charge under its terms and conditions.

The ex-broker charged unpermitted spreads and traded at prices other than the agreed independent valuation on transactions entered on behalf of referred clients.

OFAC makes clear in a new advisory that it may impose civil penalties if ransomware payments are made to sanctioned individuals or entities.

Four individuals were charged for "willfully" failing to establish, implement, and maintain an adequate AML programme that included a KYC component.

Citi's audio preservation system deleted more than 2.77 million audio files, including recordings that were subject to a December 2017 CFTC subpoena.

Both companies have been providing credit to a large number of consumers and charging "substantial fees", without holding an Australian credit licence.

The settlement will fully resolve investigations carried out by the DOJ, CFTC and SEC into trades made over nearly ten years.

Sumitomo Mitsui Trust and Mizuho Trust could face business improvement orders, depending on their explanations and the measures they have planned to prevent recurrence.

Prosecutors are looking to determine whether the bank purchased privately placed bonds under Optimus’ request or instruction.

The two former traders were found guilty of fraud charges for their respective roles in manipulating gold and silver futures prices.