Financial Crime

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    PEPs & Sanctions

    UK Announces First Sanctions Against Israeli Settlers

    By Editors | 14/02/2024

    Four individuals were designated for their involvement in violence against Palestinians in the West Bank, the first time the UK has imposed such measures.

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    Market Abuse

    CSRC Fines Semiconductor Startup & Executives for IPO Fraud

    By Editors | 14/02/2024

    S2C Limited was found to have inflated its operating income and net profit in its 2021 application to list on the Shanghai STAR Market.

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    PEPs & Sanctions

    EU Adopts New Rules for CSDs on Handling of Frozen Russian Assets

    By Editors | 13/02/2024

    The decision paves the way for the possible use of revenue generated from frozen Russian assets to aid in Ukraine’s reconstruction.

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    Fraud, Scams & Cybercrime

    NYAG Expands Fraud Lawsuit Against Crypto Firms to $3b

    By Mark Johnston | 13/02/2024

    Investigations have revealed that additional investors were defrauded beyond the $1bn claimed in the original suit against Gemini, Genesis and DCG, filed in October 2023.

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    Market Abuse

    SEBI Bars TV Guests, Analysts from Securities Market

    By Ajoy K Das | 13/02/2024

    11 individuals and 4 entities made unlawful gains of $900,000 from trading in stock they were recommending in TV broadcasts.

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    PEPs & Sanctions

    US VC Firms Accused of Supporting China’s Tech Ambitions

    By Editors | 13/02/2024

    A report released by a US congressional committee accuses Sequoia Capital China, Qualcomm Ventures and three other VC firms of supporting China’s military.

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    Anti-Money Laundering

    GCFFC Europe Chapter Sets Financial Crime Priorities for 2024

    By Mark Johnston | 13/02/2024

    The priorities include economic security, beneficial ownership, professional money launderers and public-private partnerships.

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    PEPs & Sanctions

    Small German Bank Suspected of Helping Iran Evade Sanctions – Report

    By Editors | 13/02/2024

    BaFin has been investigating Hamburg-based Varengold Bank since last year, while APAS has been investigating its independent auditor, PwC.

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    Fraud, Scams & Cybercrime

    Singapore: More Charges Laid Against Nickel Trading Fraudster

    By Nithya Subramanian | 11/02/2024

    Ng Yu Zhi was arrested in February 2021 and now faces 108 charges. His bail was revoked following the discovery of a secret HSBC account.

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    Conduct, Culture & Accountability

    US SEC Fines 16 More Firms in WhatsApp Probe

    By Editors | 11/02/2024

    The broker-dealer and investment adviser firms, including Oppenheimer and US Bancorp, agreed to pay a combined $81mn.

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