Enforcement

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    Enforcement

    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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    AML / KYC

    French Prosecutors File Charges Against Telegram CEO

    By Editors | 28/08/2024

    A French court ruled that there were grounds to formally investigate Pavel Durov, releasing him on bail and ordering him to remain in France.

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    Enforcement

    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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    AML / KYC

    Singapore Charges South Korean in S$1.5b TBML Scheme

    By Ranamita Chakraborty | 28/08/2024

    The accused hid smuggled cash in tool shipments from Korea and Japan, and then exported gold bars disguised as mechanical tools.

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    Enforcement

    SC Malaysia Fines Grant Thornton and Audit Partner

    By Nithya Subramanian | 28/08/2024

    The Audit Oversight Board found a Grant Thornton audit partner was involved in the audit of a PIE for more than seven years.

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    Crypto / Digital Assets

    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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    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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    AML / KYC

    Former Vitol Trader Pleads Guilty to Bribery Scheme

    By Editors | 27/08/2024

    Javier Aguilar and co-conspirators paid $600,000 in bribes in 2018 to two senior Mexican officials to win contracts for Vitol.

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    Enforcement

    SEBI Bans Anil Ambani from Securities Market for Five Years

    By Ajoy K Das | 27/08/2024

    Billionaire industrialist Anil Ambani and others allegedly orchestrated a scheme to divert funds from Reliance Home Finance through loans to connected entities.

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    AML / KYC

    Thailand Extradites Crypto Fraud Suspect to China

    By Editors | 27/08/2024

    The Malaysian national is the first suspect to be sent from Thailand to China under an extradition treaty that took effect in 1999.

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