ENFORCEMENT

Enforcement

UK SFO Charges Ex-Glencore Employees Over Bribery Scheme

By Editors | 03/08/2024

Five former Glencore employees are charged with conspiring to make corrupt payments to benefit the company’s oil operations in West Africa.

Enforcement

China Launches Corruption Probes Into More Former Officials

By Editors | 03/08/2024

New investigations launched into officials from the SSE, CSRC, ICBC, China Construction Bank, and Export-Import Bank of China, among others.

Crypto / Digital Assets

Montenegro Confirms Decision to Extradite Do Kwon to Korea

By Manesh Samtani | 02/08/2024

The decision, which is legally binding, comes after 16 months of extradition proceedings involving competing requests from the US and South Korea.

Enforcement

US DOJ Launches Whistleblower Awards Pilot Programme

By Manesh Samtani | 02/08/2024

Whistleblower awards can be up to 30% of the first $100mn in assets forfeited and up to 5% of those between $100-500mn.

Enforcement

CSRC Replaces Vice Chairman with Enforcement Chief

By Editors | 02/08/2024

According to reports, the change underscores a determination to clean up and tighten oversight of China’s stock market.

Enforcement

Amendments to MSB Law Take Effect in Malaysia

By Nithya Subramanian | 02/08/2024

The amendments strengthen BNM’s ability to take enforcement action against unauthorised money services business activities.

AML / KYC

Details Revealed on Chinese Scam Operated from Isle of Man

By Manesh Samtani | 01/08/2024

The case is the first known where Chinese nationals operated a pig-butchering scam from a Western country to con victims in China.

Enforcement

MAS Reprimands Asset Manager, Bans CEO for Two Years

By Nithya Subramanian | 01/08/2024

MAS has also declined the RFMC’s application to upgrade to an LFMC. Effective 1 August, it cannot undertake fund management activities in Singapore.

Enforcement

Prominent Short Seller Andrew Left Charged for Securities Fraud

By Editors | 31/07/2024

The DOJ and SEC said Andrew Left used social media and TV appearances to promote his trades, manipulate the market, and “make fast, easy money”.