ENFORCEMENT

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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.

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    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.

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    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.

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    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”.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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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