All posts tagged "misappropriation"
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155IndiaDBS Faces Legal Challenge Following Takeover of Indian Bank
DBS said the local government and the RBI, who drafted and approved the takeover proposal, would be primary respondents in the lawsuits.
February 24, 2021 -
165ChinaNew Rules for Private Equity Funds Take Effect in China
The rules prohibit the use of private equity funds as vehicles for public fundraising, explicitly allowing them to only be offered to qualified investors.
January 14, 2021 -
187EnforcementSFC Bans CCB Asia Branch Manager for Life
The former manager used a cashier’s order application form pre-signed by a customer to misappropriate HK$3.6mn in April 2019.
January 6, 2021 -
190EnforcementCathay United Bank Penalised Over Misappropriated Client Funds
Cathay United failed to set up internal controls to prevent the theft of TWD 17.32 million from four clients by a customer relationship manager.
January 2, 2021 -
290ChinaChina Vows ‘Zero Tolerance’ for Bond Issuer Misconduct
The FSDC will strictly investigate any bond issuer suspected of fraudulent issuance, false disclosure, malicious transfers of assets, or misappropriation of funds.
November 24, 2020 -
624EnforcementTaishin 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 -
667EnforcementSingapore Lawyer Faces Life in Prison for Cheating, Breach of Trust
The JLC Advisors managing partner absconded with S$33.8mn in client money last year but was arrested in Malaysia. 19 new charges relate to his misappropriation of S$17.5 from another client.
October 22, 2020 -
1.2KAML / KYCCovid-19 Presents Opportunity to Disrupt Criminals: APG
In its latest typologies report, the APG says Covid-19 may provide a unique opportunity for law enforcement and FIUs to detect and disrupt certain money laundering operations.
September 21, 2020 -
577Australia & NZAustralia: Former Financial Adviser Jailed for Six Years
Graeme Walter Miller was sentenced to six years’ imprisonment for misappropriating close to A$2mn for his own purposes.
August 4, 2020 -
1.2KEnforcementKorea: Optimus Asset Management Accused of Fraud, Embezzlement
Optimus Asset Management CEO Kim Jae-hyun misappropriated investor funds to personally invest in stocks, futures and options since 2018.
July 24, 2020
