All posts tagged "Embezzlement"
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254AML / KYCChina: Ex-Huarong Chairman Sentenced to Death for Corruption
Convicted on bribery, embezzlement and bigamy charges, Lai Xiaomin will also be deprived of all political rights for life and have all of his personal property confiscated.
January 6, 2021 -
138ChinaCBIRC Takes Control of Trust Company Accused of Embezzlement
A joint working team comprising CBIRC and local government officials was dispatched to Sichuan Trust to supervise operations and carry out a management reshuffle.
December 24, 2020 -
247EnforcementTaiwan Addresses Bank Misconduct With Higher Penalties: Fitch
Banks are expected to work to strengthen their risk controls, particularly around wealth management to avoid penalties and preserve their corporate governance rankings.
December 18, 2020 -
560EnforcementTaishin Bank Employee Arrested in Taiwan for Embezzlement
The employee allegedly misappropriated over $10.5mn. The FSC described the case as “the biggest embezzlement case in Taiwan's banking history".
November 19, 2020 -
528EnforcementKorea FSS Estimates Optimus Fund Losses Could Reach $300m
The FSS has estimated that 160bn won of investor funds has vanished and only up to 15% of the remaining 350bn won could be recoverable.
November 12, 2020 -
694ChinaSecond Ex-Chairman of Hengfeng Bank Gets Death Sentence
The former chairman will have his sentence commuted to life in prison if he commits no further crime over the next two years.
November 9, 2020 -
748EnforcementFSC Korea Kicks Offs New Task Force to Address Illegal Trading
Korean regulators will work to enhance cross-agency information sharing, introduce a new market abuse monitoring system, and raise penalties for unfair trading activities.
October 22, 2020 -
575EnforcementKorea FSS to Penalise Brokerage CEOs Over Lime Asset Mis-selling
The proposed sanctions may include a ban on former and current CEOs of three brokerage firms from working in the financial industry for up to five years.
October 8, 2020 -
4.0KContributed ArticleWirecard: The Biggest FinTech Success and Failure Story of All Time
Wirecard will be a compliance and audit training reference point for years to come, says compliance expert Oonagh van den Berg, recounting the warning signs in the years-long lead up to its collapse.
September 18, 2020 -
1.1KAML / KYCUS Recovers $60m in 1MDB Funds from Najib Razak’s Stepson
The assets recovered include luxury real estate in Beverly Hills, New York and London, a Kentucky maintenance company, and a 1927 promo poster for the film “Metropolis”.
September 6, 2020
