All posts tagged "Embezzlement"
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430ChinaChina P2P Lenders Ordered to Share Data with Credit Bureaus
The move is part of a broader crackdown on irregular practices and risks in the P2P sector, and will provide greater protection to investors in online lending platforms.
September 6, 2019 -
515AML / KYCInvestors Accuse BSEC Chairman of Embezzlement, Money Laundering
The chairman of Bangladesh’s securities regulator is alleged to have approved IPOs for companies that falsified their financial statements to show higher profitability.
August 24, 2019 -
221ChinaAnother Former Huarong Executive Charged with Corruption
The former chairman of Huarong Investment Stock Corp, Qin Ling, stands accused of using his position to seek benefits for others, accepting bribes, and embezzlement.
August 12, 2019 -
568China
Chinese Payments Provider Caught Embezzling Funds – Report
China-based UCF Pay, a subsidiary of Hong Kong-listed Chong Sing Holdings, reportedly used client funds for other purposes, causing a shortfall of ¥240mn.
July 10, 2019 -
793AML / KYCGoldman Banker Tim Leissner Banned for Life in Hong Kong
Leissner’s conduct in relation to the Malaysian state fund 1MDB called into question his fitness and properness to be a licensed person, the SFC said.
July 4, 2019 -
587Capital Regulation
National Auditor Finds Lending Violations at Chinese Banks
Lenders were found to be favouring borrowers with deposits at their banks, linking loans to the sale of other products, and illegally charging financing fees.
June 28, 2019 -
574AML / KYCGoldman’s Compensation Offer for 1MDB Losses ‘Not Adequate’
Prime Minister Mahathir Mohamad says Goldman's $240mn offer to compensate Malaysia for the bank's role in the 1MDB scandal is not adequate.
June 25, 2019 -
530EnforcementTaiwan Adviser Found Embezzling $4.8mn Over 14 Years
A Hua Nan Commercial Bank adviser allegedly withdrew money from client accounts and made loans in their names, before diverting the funds to a company operated by her relatives.
May 14, 2019 -
514ChinaUniCredit China Employee Embezzled $15mn of Client Money
The employee allegedly used a group supervisor's password to access the funds, which were used to buy apartment units in the US, Greece and Japan.
April 11, 2019 -
537EnforcementS. Korean Brokerage Employee Found Embezzling Customer Funds
KB Securities IT department employee siphoned over $320,000 from inactive customer accounts to clear personal debts, raising concerns about internal monitoring at South Korean brokerages.
July 31, 2018
