ENFORCEMENT

Crypto / Digital Assets

Three Arrows Capital Sues Terraform Labs for Crypto Losses

By Editors | 14/08/2024

Liquidators for the failed crypto hedge fund say TerraForm Labs induced Three Arrows to purchase TerraUSD and Luna through market manipulation.

Enforcement

APRA Orders Independent Review of Cbus, BUSSQ Governance

By Sanday Chongo Kabange | 14/08/2024

APRA imposed additional licence conditions to address concerns regarding fitness and propriety processes and fund expenditure management.

Enforcement

ASIC Commences Legal Action Against ASX Over Misleading Statements

By Sanday Chongo Kabange | 14/08/2024

ASIC alleges that ASX’s claims in February 2022 that the CHESS replacement project was tracking to plan were “misleading and deceptive”.

Securities / Derivatives

SEBI Denies Allegations of Conflict of Interest in Adani Probe

By Ajoy K Das | 14/08/2024

Hindenburg Research said SEBI has slow-walked a probe into the Adani Group because of its links to the regulator’s chairperson.

AML / KYC

Bulgarian Man Extradited to US Over Illegal Exports to Russia

By Editors | 14/08/2024

Milan Dimitrov conspired with two others to use a Bulgarian company to receive export-controlled items from the US and transship them to Russia.

Enforcement

Korea FSS Issues Warning to Hanwha Investment & Securities

By Nithya Subramanian | 13/08/2024

Hanwha Investment & Securities allegedly concealed the findings of a 2018 internal audit that found forged balance statements.

Enforcement

Korea: Woori Facing Disciplinary Action Over Improper Loans

By Mark Johnston | 13/08/2024

The FSS said Woori improperly disbursed 28 loans worth a combined KRW 35 billion to Chairman Sohn Tae-Seung’s relatives and their companies.

Enforcement

Beijing Prosecutors Charge 49 Former Zhongzhi Employees

By Editors | 13/08/2024

The wealth management firm filed for bankruptcy liquidation in January after declaring it was insolvent with up to $64bn in liabilities.

Enforcement

US Court Convicts Former Mozambique Official in Bribery Case

By Editors | 12/08/2024

Following a four-week trial in New York, Mozambique’s former finance minister was found guilty for accepting $7mn in bribes.