Enforcement

CFTC Revokes Registrations of Allianz Global Investors

By Editors | 22/03/2023

The CFTC’s order was issued to “protect the derivatives markets and market participants” after three portfolio managers made fraudulent representations to investors for several years.

Crypto / Digital Assets

Korean Prosecutors Probe “Illegal” Crypto Token Listings

By Editors | 22/03/2023

A Bithumb executive, former Coinone employee, and other crypto exchanges are said to have illegally listed crypto tokens on their platforms.

Crypto / Digital Assets

Korea: Ex-Coinone Executive Arrested Over Crypto Listings

By Editors | 21/03/2023

The former executive allegedly almost $1.5mn from brokers to list a specific cryptocurrency on the Coinone trading platform.

Enforcement

Bulgaria Extradites Former OneCoin Exec to Face US Charges

By Editors | 21/03/2023

OneCoin’s former head of legal and compliance is alleged to have helped launder millions of dollars of illegal proceeds through shell companies and bank accounts.

AML / KYC

Star Entertainment Admits to Breaking QLD Casino Laws

By Editors | 20/03/2023

Star pleaded guilty to seven charges of allowing customers to buy chips with credit cards at its Queensland casinos.

Enforcement

India Supreme Court Orders SEBI to Refund NSE

By Editors | 20/03/2023

Supreme Court quashes SEBI’s orders against NSE for alleged lapses in network systems that favoured high-frequency traders.

AML / KYC

UK OFSI Issues Guidance on Assessing Ownership and Control

By Editors | 20/03/2023

Updated guidance sets out expectations around the due diligence that should be performed to assess whether entities are owned or controlled by designated persons.

Enforcement

Biden Seeks to Hold Executives Accountable for Bank Failures

By Editors | 20/03/2023

Joe Biden is asking Congress to make it easier for regulators to fine and ban executives of failed banks and claw back compensation.

Enforcement

China MOF Fines Deloitte for Huarong Audit Failures

By Editors | 19/03/2023

Deloitte’s China arm was fined a record CNY 212 million for “serious” deficiencies in its audit work for China Huarong Asset Management between 2014 and 2019.

Enforcement

AFP Seizes Over A$250m from Money Launderers

By Editors | 18/03/2023

A new taskforce has seized over AUD 250 million in cash and assets from money launderers since December 2022.

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