United States

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    Anti-Money Laundering

    NYDFS Fines Nordea Bank $35mn for AML Failures

    By Editors | 29/08/2024

    NYDFS said Nordea’s deficient AML programme exposed it to a “high risk of criminal abuse” which was “imported” to New York’s financial system.

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    PEPs & Sanctions

    US Sanctions Israeli NGO and Civilian Security Officer

    By Editors | 29/08/2024

    The NGO and security officer were sanctioned for providing support to sanctioned Israeli settlers in the West Bank.

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    Fraud, Scams & Cybercrime

    US SEC Charges Chinese Asset Manager and CEO with Fraud

    By Nithya Subramanian | 29/08/2024

    The SEC accused QZ Asset Management, QZ Global, and CEO Blake Yeung of using false claims about their investments to defraud investors.

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    Cryptocurrency

    CME to Launch Weekly Bitcoin Futures on 30 September

    By Editors | 29/08/2024

    The new contracts will be cash-settled at 4pm New York time every Friday to help investors mitigate weekend price moves.

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    Fraud, Scams & Cybercrime

    Austal and Australian Parent Settle US Fraud Charges for $24m

    By Editors | 28/08/2024

    Austal manipulated its financial results to avoid falling short of analyst expectations and mislead shareholders, the SEC and DOJ said.

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    Market Abuse

    Thailand Vows Stronger Action Against Capital Market Crime

    By Nithya Subramanian | 28/08/2024

    AMLO, SEC and SET signed an MOU agreeing to collaborate in the fight against illegal securities trading activities.

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    PEPs & Sanctions

    Google Sues to Prevent Further Asset Seizures by Russia

    By Editors | 28/08/2024

    Court documents have revealed that Russia seized more than $100mn from Google’s Russian bank accounts in 2022.

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    Trading & Investment

    Alibaba Converts HK Shares to Gain Stock Connect Inclusion

    By Editors | 28/08/2024

    Inclusion in Stock Connect is expected to provide a boost to Alibaba’s shares as well as the Hong Kong market as a whole.

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    Fraud, Scams & Cybercrime

    Crypto Founder Pleads Guilty for Defrauding Investor

    By Editors | 28/08/2024

    CluCoin founder Austin Michael Taylor used $1.14mn of investor funds at online casinos and “lost these investor funds to gambling”.

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    Supervision & Enforcement

    CFTC Fines BNY Mellon for Swap Reporting Failures

    By Editors | 27/08/2024

    The CFTC said BNY failed to properly report transactions, supervise its swap dealer business, and monitor staff communications.

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