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AML / KYC
Singapore Charges Ex-Bankers in Money Laundering Case
By Nithya Subramanian | 15/08/2024
Former Citibank and Julius Baer relationship managers are accused of forging documents, money laundering and obstructing justice.
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.
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