Enforcement

Enforcement

US Authorities Penalise BIT Mining Over Japan Bribery Scheme

By Mark Johnston | 20/11/2024

The bribery scheme was aimed at influencing Japanese officials in an attempt to establish an integrated resort casino in Japan.

Enforcement

APRA Ends Probe into HESTA Super Fund Valuation Decisions

By Mark Johnston | 20/11/2024

HESTA agreed to make payments to members affected by valuation decisions made during the early days of the Covid-19 pandemic.

AML / KYC

Singapore: $1.4b from Overseas Suspects Surrendered to State

By Nithya Subramanian | 20/11/2024

Police said 15 of 17 suspected money launderers who fled Singapore agreed to surrender assets to end the cases against them.

Enforcement

ASIC Sets Out Enforcement Priorities for 2025

By Sanday Chongo Kabange | 20/11/2024

ASIC’s enforcement priorities reflect the increased risks consumers are facing that are being driven by cost of living pressures.

Enforcement

Singapore Court Sentences Hin Leong Founder to 17.5 Years Jail

By Nithya Subramanian | 19/11/2024

OK Lim was sentenced for defrauding HSBC and instigating forgery. The court said his actions severely damaged Singapore’s reputation.

Enforcement

ASX Files Defence in ASIC’s Misleading Statements Case

By Sanday Chongo Kabange | 19/11/2024

CEO Helen Lofthouse said there was a “reasonable basis” for the statements ASX made about the CHESS replacement project’s progress on 10 February 2022 and it did not breach the law.

AML / KYC

US Court Jails Bitfinex Hacker for Laundering Stolen Bitcoin

By Nithya Subramanian | 19/11/2024

Ilya Lichtenstein was sentenced to five years in prison and his wife to 18 months for their roles in the 2016 Bitfinex hack.

Enforcement

ASIC Sues NAB for Slow Response to Financial Hardship Claims

By Sanday Chongo Kabange | 19/11/2024

ASIC says NAB and a subsidiary failed to respond to financial hardship applications within 21 days as required by law.

Enforcement

Singapore Police Investigate 288 Suspects in Scams Totaling S$6.54m

By Nithya Subramanian | 18/11/2024

The Singapore Police Force conducted a two-week operation uncovering 1,208 scam cases, including job, e-commerce, and investment scams.