ENFORCEMENT

Enforcement

CFTC Fines Singapore’s Olam Group for Late Reporting of Cotton Sales

By Nithya Subramanian | 30/09/2024

The CFTC said Olam’s failure to promptly report the sales resulted in the publication of inaccurate and misleading information by the USDA.

Sanctions

US Sanctions Iranian Cyber Actors for Election Interference

By Editors | 30/09/2024

OFAC sanctioned seven individuals while the DOJ unsealed criminal charges accusing three others of hacking Donald Trump’s presidential campaign.

Enforcement

US SEC Fines 13 Firms, 10 Individuals for Delaying Stock Disclosures

By Nithya Subramanian | 30/09/2024

Goldman Sachs, Oaktree Capital, Bank of Nova Scotia and Alphabet Inc were among those fined for failing to provide timely information on stock holdings and transactions.

Sanctions

UK OFSI Fines Concierge Services Firm for Sanctions Breaches

By Editors | 30/09/2024

The firm was fined GBP 15,000 for providing property management services to a designated person subject to an asset freeze between 2022 and 2023.

Enforcement

Japan to Penalise Nomura Securities for JGB Futures Manipulation

By Editors | 30/09/2024

In the aftermath of a penalty recommendation from the SESC, at least four companies have removed Nomura Securities from their lists of bond managers.

Enforcement

Japan FSA Issues Business Improvement Order on DMM Bitcoin

By Mark Johnston | 30/09/2024

DMM Bitcoin has until 28 October to submit plans to the FSA specifying measures to prevent a recurrence of the bitcoin theft it suffered in May.

Enforcement

US Imposes Cyber Sanctions on Russian Crypto Network

By Manesh Samtani | 30/09/2024

Two Russians were also indicted in a coordinated action that additionally involved the seizure of web domains and infrastructure.

Enforcement

Hong Kong Court Jails Former China Taiping Agent for Fraud

By Sanday Chongo Kabange | 30/09/2024

The former insurance agent received over HK$650,000 in remuneration for insurance policy applications that turned out to be falsified.

Enforcement

South Korea PIPC Fines Worldcoin for Privacy Law Violations

By Thisanka Siripala | 27/09/2024

The PIPC said Worldcoin did not adequately inform users about how their biometric data would be used or allow for users to request deletion of their data.