Supervision & Enforcement

Industry Body Sues US SEC for Records on WhatsApp Probe

11/06/2024

The American Securities Association seeks to force the SEC to disclose information that was considered when determining the penalties.

Anti-Bribery & Corruption

China: Four More Officials Facing Prosecution for Taking Bribes

11/06/2024

A former banking regulator and two other ex-officials from ICBC and Citic Group were found to have accepted bribes, the CCDI said.

Fraud, Scams & Cybercrime

UK PSR Rejects Calls to Delay Fraud Reimbursement Rules

11/06/2024

Interim head of the PSR, David Geale, said there was a need to “act quickly” on APP fraud and that the new rules would be introduced in October as planned.

PEPs & Sanctions

OFAC Imposes New Sanctions Targeting Illicit Houthi Shipments

10/06/2024

The targets include four entities, including Hong Kong-, India- and Panama-based shipping companies and some of their vessels.

Anti-Money Laundering

TD Bank Facing $4bn in Fines for AML Violations – Report

10/06/2024

The amount is double previous estimates, prompted by the emergence of new bribery allegations against the bank.

Fraud, Scams & Cybercrime

Former AllianzGI Fund Manager Pleads Guilty to Fraud

10/06/2024

Gregoire Tournant admitted to providing deceptive information to investors in AllianzGI’s now-defunct Structured Alpha funds.

Trading & Investment

HKEX Targets September for Severe Weather Trading Launch

10/06/2024

HKEX is working to finalise the severe weather trading model and has set an internal target for implementation in September.

PEPs & Sanctions

Myanmar NUG Seeks to Recover $1b Frozen at NY Fed

10/06/2024

Myanmar’s National Unity Government is seeking the return of funds that were frozen in the US after the 2021 military coup.

PEPs & Sanctions

G7 Expected to Issue Warning to Chinese Banks This Week

09/06/2024

G7 leaders are expected to issue public statements this week warning smaller Chinese banks about the help they provide to Russia.