All posts tagged "misappropriation"
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108AML / KYCMalaysia Files Suit Against KPMG Partners Over 1MDB Losses
The Malaysian government and 1MDB filed a $5.64bn lawsuit against 44 current and former KPMG partners over the firm's audits of 1MDB’s financial statements.
July 14, 2021 -
142ChinaEx-Shanghai Clearing House Chief Expelled from CCP for Corruption
Xu Zhen has been expelled from the CCP for borrowing large sums of money using the SCH’s management services and accepting bribes.
June 30, 2021 -
64ChinaCBIRC Bans Ex-President of Sichuan Trust for 8 Years
Former Sichuan Trust president Chen Jun is being punished for his role in the firm's failure to repay investors about CNY 25 billion.
June 30, 2021 -
90EnforcementKorea FSC Extends Optimus Suspension for Six More Months
A new fund management company is being set up to take over and manage funds previously operated by Optimus Asset Management.
June 29, 2021 -
96ChinaChinese Police Detain Sichuan Trust Boss Over Missing Funds
Liu Canglong, who controls companies with a majority stake in Sichuan Trust, is being held by the public security bureau in Chengdu.
June 9, 2021 -
177AML / KYCTaiwan FSC Fines HK Company for Faulty Beneficiary Disclosure
HK-based Capital Target Ltd was unable to verify the source of funds used to buy a 24% stake in Korean conglomerate Jih Sun Financial Holding in 2009.
May 28, 2021 -
133Australia & NZAustralia: Former QWL Director, Adviser Jailed for Six Years
The former adviser misappropriated about A$2.9mn of client funds without their knowledge over three years.
May 28, 2021 -
115IndiaSEBI Consults on Measures to Protect Client Collateral
The proposed framework seeks to protect clients’ collateral from being misused or misappropriated by trading or clearing members.
May 18, 2021 -
127EnforcementSingapore Court Sentences Former Banker to Seven Years’ Jail
The former UOB and OCBC banker promoted fictitious deposit and investment products to customers and then misappropriated the funds.
May 13, 2021 -
370AML / KYC
Malaysia Files 22 Civil Suits to Recover 1MDB Losses
Among those named in the lawsuits are Deutsche Bank, Coutts, JPMorgan, former prime minister Najib Razak, and Malaysian financier Jho Low.
May 11, 2021
