Enforcement

Enforcement

US SEC Expands Staff Messaging Probe to Private Equity Firms

By Editors | 15/11/2022

KKR & Co, Apollo Global Management and Carlyle Group have disclosed that they are subject to the SEC’s regulatory probe.

Crypto / Digital Assets

FTX Bankruptcy, Secret Transfers, and Regulatory Probes

By Manesh Samtani | 14/11/2022

FTX files for Chapter 11 bankruptcy protection in Delaware as regulators in multiple jurisdictions investigate allegations of illegal activity.

AML / KYC

UK OFSI Has Frozen Over $21b of Russian Linked Assets

By Editors | 13/11/2022

Russia has overtaken Libya and Iran to become the UK’s most-sanctioned nation, the OFSI said in its annual review.

Enforcement

Bursa Malaysia Issues Public Reprimand Over Sponsor Failures

By Editors | 13/11/2022

TA Securities did not assess the internal controls and risk management systems of the listing applicant and falsely represented that it had.

Enforcement

DFSA Fines Bank of Singapore for Inadequate AML Controls

By Editors | 11/11/2022

Bank of Singapore offered the DFSA an enforceable undertaking agreeing to remediate deficiencies and engage an external compliance expert for verification.

Enforcement

SFC, ICAC Arrest Eight Over Ramp-and-Dump Schemes

By Editors | 11/11/2022

Combating social media ramp-and-dump schemes remains one of the top enforcement priorities of the SFC, says executive director of enforcement, Christopher Wilson.

Crypto / Digital Assets

OFAC Redesignated Tornado Cash to Link to DPRK WMD Programme

By Editors | 10/11/2022

The August designation did not connect Tornado Cash to North Korea’s nuclear programme.

Crypto / Digital Assets

US Court Rules Crypto Firm LBRY Sold Unregistered Securities

By Manesh Samtani | 09/11/2022

Industry watchers say the ruling could have implications for the SEC’s suit against Ripple, which was charged in December 2020 with selling unregistered securities.

AML / KYC

New Zealand DIA Issues Warning to BNPL Provider Openpay

By Editors | 09/11/2022

Openpay failed to establish, implement, and maintain an AML/CFT programme and to adequately monitor accounts and transactions.