Enforcement

Enforcement

Singapore Court Sentences Ex-Wirecard Employee to Jail

By Editors | 11/10/2023

The former junior finance executive was sentenced to ten weeks in jail for helping a supervisor embezzle S$47,000.

Sanctions

OFAC Sanctions Target Drug Trafficking, Crypto Abuse – Chainalysis

By Jill Wong | 10/10/2023

OFAC sanctions against several Chinese entities are an important step in preventing crypto abuse by criminal syndicates, Chainalysis says.

Enforcement

Korean Investors Warned About Illegal Overseas Trading

By Editors | 09/10/2023

The FSC and FSS say there has been a recent increase in the number of foreign investigations involving Korean investors.

Enforcement

US Court Orders Return of Ex-Goldman Banker Roger Ng to Malaysia

By Manesh Samtani | 07/10/2023

Roger Ng already has to serve ten years in a US prison, but he will first be transported back to Malaysia to face other 1MDB-related charges and help in the 1MDB probe.

Enforcement

Malaysia’s High Court Penalises Former Bank Rakyat Execs

By Editors | 06/10/2023

Bank Rakyat’s ex-chairman and ex-managing director breached their fiduciary duties by arranging sponsorship for a book about Najib Razak in 2016.

Enforcement

StanChart Seeks Removal of Allegations in Investor Lawsuit

By Mark Johnston | 05/10/2023

Standard Chartered says allegations that it misled investors on its sanctions noncompliance are baseless.

Enforcement

UK FCA Fines Commodities Broker for AML Failings

By Mark Johnston | 05/10/2023

ADM Investor Services International did not conduct a firm-wide money laundering risk assessment, and its policies and procedures referred to old legislation.

Crypto / Digital Assets

SFC, HKPF Form Dedicated Working Group on VATPs

By Sanday Chongo Kabange | 05/10/2023

The working group will facilitate information sharing and collaboration on monitoring and investigations involving crypto platforms.

Enforcement

US Judge Denies SEC Permission to Appeal Ripple Ruling

By Editors | 04/10/2023

The July ruling found that programmatic sales of Ripple’s XRP digital token on public exchanges was not a breach of federal securities laws.