All posts tagged "misappropriation"
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589ChinaPBOC Issues Record Penalty Against Payments Firm
Allscore Payment Service was also found to have providing services for illegal gambling websites, embezzled customer funds and misappropriated reserve funds.
May 10, 2020 -
283EnforcementHong Kong Exchange Censures Ding Yi Feng Executives
Three former non-executive directors of China Ding Yi Feng were censured for breaching the listing rules and disclosure obligations.
April 23, 2020 -
449AML / KYCUS Returns $300m of Misappropriated 1MDB Funds to Malaysia
The funds includes proceeds from assets that Malaysia financier Jho Low allegedly bought with stolen 1MDB money before his $700mn forfeit last year.
April 16, 2020 -
392China
China Probes Abuse of Epidemic Control Lending Programme
Local authorities are directed to review the list of companies that received loans under a central bank initiative aimed at channelling low-cost funds into epidemic control.
April 13, 2020 -
1.0KChinaCBIRC Penalises Anxin Trust $2mn for Misappropriating Assets
The misappropriation involved the transfer of assets from trust products to company shareholders, and the illegal use of assets to make payments for other products, among other purposes.
April 10, 2020 -
326Australia & NZAustralia: 10yr Jail Term Imposed for Superannuation Misappropriation
The director of a group of companies used A$1.2mn from self-managed superannuation funds intended for property investments to "fund a lavish lifestyle".
April 9, 2020 -
503EnforcementJapan FSA Fines Nissan $22m Over Ghosn Misconduct
The fine is the second-highest penalty ever imposed by the FSA, and a response to 8 years of under-reported remuneration by Nissan's former chairman Carlos Ghosn.
March 2, 2020 -
314Enforcement
Nissan Seeks Damages from Former Chairman Carlos Ghosn
The lawsuit seeks $90mn initially, seeking to recover funds linked to fraudulent payments, as well as legal, regulatory and investigation costs already incurred by Nissan.
February 14, 2020 -
508EnforcementMAS Bars Four Individuals for Fraudulent, Dishonest Conduct
The former representatives from Great Eastern Life, Prudential and UOB abused the trust clients placed in them and enriched themselves at the expense of clients, MAS said.
October 14, 2019 -
548Capital RegulationCBIRC Identifies Numerous Violations at Small and Mid-sized Banks
“In response ... all relevant regulatory agencies should take targeted prudential supervision measures … and carry out administrative punishment according to law,” the CBIRC said.
September 3, 2019
