Enforcement

Enforcement

US Court Sentences Aide of Exiled Chinese Businessman Guo Wengui

By Mark Johnston | 09/01/2025

Yvette Wang was sentenced to 10 years in prison for her involvement in a $1bn fraud scheme orchestrated by Chinese businessman Guo Wengui.

Crypto / Digital Assets

Korean Supreme Court Uphold Jail Sentence of Crypto Trader

By Editors | 09/01/2025

The decision has brought clarity on the definition of a virtual asset business operator under South Korean law

Enforcement

CFTC Settles Lawsuit Against Crypto Exchange Gemini for $5m

By Editors | 08/01/2025

The CFTC’s 2022 lawsuit had accused Gemini of providing inaccurate information about the manipulation risks of a proposed Bitcoin futures product

Enforcement

SFC Imposes Lifetime Ban on Former StanChart Insurance Rep

By Sanday Chongo Kabange | 08/01/2025

Chan Ka Him induced two clients to transfer funds to a bank account he controlled on the pretence that they would be used to settle premium payments

Sanctions

OFAC Fines Aviation Products Supplier for Russia Shipments

By Editors | 07/01/2025

OFAC attributed the violations to the firm’s failure to rescreen customers after their SDN designation, and inadequate sanctions compliance procedures

Crypto / Digital Assets

Seoul Prosecutors File First Charges Under New Crypto Law

By Manesh Samtani | 07/01/2025

Two individuals were arrested and indicted for manipulating virtual assets. A third individual fled overseas.

Enforcement

Najib Razak House Arrest Claim Allowed to Proceed

By Editors | 07/01/2025

Najib Razak will claim that Malaysia’s former king issued a decree allowing the former PM to serve the rest of his jail term under house arrest.

AML / KYC

US Authorities Target US Clients of Trident Trust in Global Tax Probe

By Editors | 07/01/2025

US court order will require US entities of Trident Trust to reveal the identities of US taxpayer clients who used its services.

Enforcement

HK Court Fines Solicitor for Breaching SFO Secrecy Provision

By Editors | 07/01/2025

This is the first time a Hong Kong practicing solicitor has been convicted for contravening the secrecy provision under the SFO.