All posts tagged "Misconduct"
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147AML / KYCCFTC Investigates Binance for Possible Insider Trading
Binance reportedly has plans to become a licensed financial institution, with a centralised headquarters, to make it easier to work with regulators.
September 23, 2021 -
212Australia & NZPCAOB Fines KPMG Australia Over Training-related Misconduct
Cheating in online training tests was found to be widespread within the audit practice. KPMG Australia sanctioned 1,131 individuals.
September 16, 2021 -
152EnforcementBursa Malaysia Punishes RHB Investment Bank Representatives
The dealer’s representatives engaged in discretionary trading without proper authorisation, causing "significant losses" to a client.
September 14, 2021 -
128ChinaCSRC Probes Haitong Securities in Financial Reporting Fraud Case
Haitong is suspected of negligence and violations of law and regulations when it served as financial adviser on a deal to help a client on a backdoor listing deal.
September 10, 2021 -
131Asia-PacificSri Lanka Passes New SEC Act to Bolster Capital Market
SEC chairman Viraj Dayaratna described the new law as “futuristic”, saying it will help to increase market liquidity and attract foreign investment.
September 9, 2021 -
211Hong KongHKMA Urges Continued Momentum in Bank Culture Efforts
Culture is the "invisible glue" that holds a bank together and assumes an even more critical role during the pandemic, says the HKMA's Arthur Yuen.
September 9, 2021 -
133Australia & NZASIC Issues Final Guidance on Breach Reporting Obligations
Licensees should have in place clear, well-understood and documented processes for identifying, recording, assessing, escalating and reporting breaches.
September 8, 2021 -
194EnforcementUS SEC Charges BitConnect for $2bn Cryptocurrency Fraud
BitConnect promised investors lucrative returns through the use of a proprietary trading bot, but investor funds were siphoned off by the company's founder and others.
September 6, 2021 -
167EnforcementHK Police Arrest Two in Corporate Fraud Case
The arrests were made following a joint operation with the SFC against a listed company and its former senior executives suspected of corporate fraud involving HK$450mn.
August 30, 2021 -
96Australia & NZASIC Prosecutes 124 Individuals for Failing to Cooperate with Liquidators
Company officers failed to provide registered liquidators access to the company's books and submit reports on company activities and property.
August 18, 2021
