Financial Crime

PEPs & Sanctions

US, UK, Canada Announces More Sanctions for Iran’s Airstrike

By Editors | 26/04/2024

The US targeted 16 entities, eight individuals, five vessels and one aircraft. The UK and Canada also sanctioned targets involved in Iran’s drone and missile industries.

PEPs & Sanctions

DOJ Charges Two Chinese Nationals for IEEPA Violations

By Editors | 26/04/2024

The two individuals (one arrested) conspired to evade export controls to obtain US chip-making technology for a prohibited Chinese company.

PEPs & Sanctions

US, Japan, Korea to Collaborate on Technology Export Controls

By Editors | 26/04/2024

The launch of the “Disruptive Technology Protection Network” comes amid US calls for Japan and Korea to tighten controls on chip-related exports to China.

Market Abuse

Hong Kong Court Convicts Two Former Brokers for False Trading

By Editors | 25/04/2024

Former representatives of KGI Asia Limited and South China Securities Limited will be sentenced on 16 May 2024.

Anti-Money Laundering

FSA Launches AML Probe into Tokyo’s Kiraboshi Bank

By Mark Johnston | 25/04/2024

The bank did not perform checks on around 80 large remittances made by a customer over less than two months, despite the suspicious circumstances.

Fraud, Scams & Cybercrime

Thai Police to Return $3.4m in Seized Assets to Crypto Fraud Victims

By Mark Johnston | 25/04/2024

The assets were confiscated from two gambling websites that were linked to a cryptocurrency fraud scheme; 23 suspects were arrested.

PEPs & Sanctions

US President Signs National Security Package Into Law

By Editors | 25/04/2024

Among other things, the package broadens sanctions on Iran, allows confiscation of Russian assets, and requires TikTok to separate from ByteDance.

Fraud, Scams & Cybercrime

US SEC Asks Court to Force Terraform Labs and Founder to Pay $5.3b

By Mark Johnston | 25/04/2024

The SEC argues that Terraform Labs and Do Kwon have not shown remorse for their conduct and are likely to commit additional violations.

Anti-Bribery & Corruption

Former Bank of China Chairman Pleads Guilty to Bribery Charges

By Editors | 25/04/2024

Liu Liange facilitated CNY 3.32 billion in loans to enterprises that did not meet the relevant requirements, resulting in losses of over CNY 190 million.