The SFO found that Glencore funnelled about $29mn worth of bribes between 2011 and 2016 to gain access to oil rights across Africa.
November 9, 2022NAB became aware of the issue in January 2017 and did not stop overcharging customers until February 2019, court documents say.
November 8, 2022Maximum penalties for companies can be as high as A$50mn, three times the benefit derived from a breach, or 30% of annual turnover.
November 3, 2022Parties are expected to cooperate with HKEX during its investigations and disciplinary actions, the new Guidance Note on Cooperation says.
October 27, 2022Retail investors won't be allowed leverage and will have to undergo a knowledge test. Stablecoin issuers will have strict rules on reserve assets and a S$1bn capital requirement.
October 27, 2022Fixed income dealers should establish clear prohibitions on the use of unapproved communication channels, ASIC says.
October 27, 2022Barclays did not disclose payments made to Qatari entities for their participation in two capital raisings during the GFC in 2008.
October 25, 2022The firms misused the wholesale investor exclusion to extend offers to people with little or no investment experience.
October 24, 2022The SC is allowing retail funds to have exposure to digital assets and other alternative assets. Similar plans are intended for wholesale funds.
October 19, 2022Conduct issues in the life insurance and banking sectors resulted in over NZD 43 million and NZD 109 million in customer remediation, respectively.
October 8, 2022