ENFORCEMENT

Crypto / Digital Assets

Nigeria Releases Binance Executive, Drops Money Laundering Charges

By Nithya Subramanian | 24/10/2024

Tigran Gambaryan had been detained since February on money laundering charges, which have now been dropped.

Enforcement

US SEC Fines Four Companies Over Misleading Cyber Disclosures

By Mark Johnston | 24/10/2024

The four companies provided misleading disclosures about cybersecurity breaches associated with the SolarWinds hack.

Enforcement

APRA to Intensify Scrutiny of Super Fund Expenditures

By Thisanka Siripala | 24/10/2024

RSE licensees will have to demonstrate how they determine that expenditures are in members’ best interests and how they are related to enhancing performance.

Enforcement

US Court Indicts Two Sudanese Nationals Linked to DDoS Attacks

By Nithya Subramanian | 23/10/2024

The two men operated and controlled Anonymous Sudan, a cybercrime group responsible for several DDoS attacks in the US and elsewhere.

Enforcement

RBI Halts Loan Activities of Four NBFCs Over Compliance Issues

By Nithya Subramanian | 23/10/2024

The RBI ordered four NBFCs to stop disbursing new loans due to excessively high rates which are non-compliant with regulatory guidelines.

Enforcement

US SEC Fines WisdomTree for ESG Compliance Failures

By Nithya Subramanian | 22/10/2024

The investment adviser agreed to pay a $4mn fine for failing to exclude fossil fuel and tobacco investments from its ESG-marketed funds.

Enforcement

SGX RegCo Reprimands Former Directors and CEO of Sunrise Shares

By Nithya Subramanian | 22/10/2024

Five individuals were reprimanded for failing to implement effective internal controls and for reporting inaccurate financial results.

Enforcement

US Authorities Arrest Man Over False SEC Tweet on Bitcoin ETFs

By Editors | 22/10/2024

The arrestee had used a SIM swap attack in January to obtain access to the SEC’s X account, while his co-conspirators issued the fraudulent tweet.

Enforcement

SFC Suspends Former Private Banker for Regulatory Breaches

By Editors | 22/10/2024

The former Julius Baer private banker lied about meeting a client face-to-face for account opening and about 14 transactions being unsolicited.