ADVERTISEMENT
Enforcement
Enforcement
SEC Lawsuit Against Binance May Proceed, Court Rules
By Manesh Samtani | 03/07/2024
Binance already settled DOJ, Treasury and CFTC charges for $4.3bn, but the SEC’s case was not included in the settlement.
AML / KYC
Singapore Withdraws Tax Incentives for SFOs in Money Laundering Case
By Nithya Subramanian | 03/07/2024
The total value of assets forfeited from convicted individuals with links to SFO funds far exceeds any tax benefits, said Gan Kim Yong.
AML / KYC
Nearly 4,000 Arrests Made in Global Anti-Scam Operation: INTERPOL
By Editors | 03/07/2024
The operation spanned 61 countries and resulted in 6,745 bank accounts being frozen and assets worth $257mn being seized.
AML / KYC
Panama Papers: Court Acquits All 28 Accused of Money Laundering
By Nithya Subramanian | 02/07/2024
According to media reports, the evidence presented was “not sufficient” to establish the defendants’ criminal responsibility.
AML / KYC
Singapore Releases Two Reports Tackling Terrorism Financing
By Nithya Subramanian | 02/07/2024
The updated TF National Risk Assessment found that money remittances remain High-Risk, while the refreshed strategy for CFT calls for robust regulatory regimes.
Enforcement
China: New Law Strengthens Penalties for Accounting Fraud
By Editors | 02/07/2024
The new Accounting Law significantly increases penalties for financial fraud and for the first time includes the phrase “internal control”.
Enforcement
US SEC’s Use of In-house Judges Ruled Unconstitutional
By Editors | 02/07/2024
The ruling curbs the SEC’s internal adjudication powers and is expected to also impact more than two dozen US agencies.
AML / KYC
US Sanctions Two Chinese Nationals for Assisting Sinaloa Cartel
By Editors | 01/07/2024
The sanctions include two China-based targets who helped launder illicit drug proceeds belonging to Mexico’s Sinaloa Cartel.
Enforcement
US DOJ, Jho Low Reach Global Pact on 1MDB Asset Forfeiture: Report
By Nithya Subramanian | 01/07/2024
The agreement forever resolves the United States’ civil, criminal and administrative asset forfeiture actions of monies and assets traceable to 1MDB.
Enforcement
Federal Court Orders Ferratum Australia to Pay A$16m
By Editors | 28/06/2024
The Court found that Ferratum’s non-compliance arose from its Finland-based parent company’s lack of attention to Australian regulatory requirements
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.