Enforcement

Enforcement

RBI Removes Business Restrictions on Two Edelweiss Group Firms

By Editors | 22/12/2024

The RBI is satisfied that adequate remedial measures have been put in place at the two entities to address its earlier supervisory concerns.

Crypto / Digital Assets

US SEC Fines Unit of Jump Trading Over TerraUSD Collapse

By Editors | 21/12/2024

The SEC said Tai Mo Shan Limited deceived the market about TerraUSD’s stability while purchasing the stablecoin to restore its peg.

Sanctions

OFAC Announces Two New Settlements for Sanctions Violations

By Editors | 20/12/2024

An individual US person violated Magnitsky sanctions and a US manufacturer of musical instruments violated Iran sanctions.

Enforcement

Hong Kong ICAC, Competition Commission to Enhance Collaboration

By Manesh Samtani | 19/12/2024

The ICAC and the Competition Commission signed an MoU to enhance collaboration in combating corruption and anti-competitive conduct

Enforcement

JSDA Fines Nomura Over JGB Futures Manipulation Case

By Editors | 19/12/2024

The FSA, OSE and TSE have each already penalised Nomura Securities for JGB futures manipulation by one of its traders in March 2021.

Sanctions

US Sanctions 7 Targets for Aiding Iranian UAV Development

By Editors | 19/12/2024

One of the sanctioned individuals supplied technology used by Iran to kill three US service members in Jordan earlier this year.

Capital / Liquidity

FDIC to Pursue Legal Action Against 17 Former SVB Executives

By Editors | 19/12/2024

Chairman Martin Gruenberg said the executives breached their duties by mismanaging Silicon Valley Bank’s securities portfolios.

Enforcement

New Zealand FMA Censures Pathfinder for Misleading Representations

By Sanday Chongo Kabange | 18/12/2024

The FMA said Pathfinder Asset Management should have included information in social media ads about exceptions permitted by its ethical investment policy

Enforcement

Australia Settles Meta Lawsuit Over Cambridge Analytica Scandal

By Sanday Chongo Kabange | 18/12/2024

Meta agreed to pay A$50 million to compensate Australian Facebook users who had their personal information disclosed without consent.