Enforcement

Enforcement

Tokyo Bourse to Probe Nissan over Former Chairman’s Alleged Misconduct

By Editors | 27/11/2018

The Tokyo Stock Exchange will examine Nissan’s internal controls and consider punitive penalties including possible delisting, amid allegations of financial misconduct by its former chairman.

Enforcement

Macquarie Emerges from Royal Commission Unscathed

By Manesh Samtani | 26/11/2018

Macquarie seen as the first responsible corporate role model in the nine months since banking royal commission public hearings began.

Enforcement

Restoring Trust in Financial Sector Essential for Economic Prosperity – RBA

By Manesh Samtani | 23/11/2018

Strengthening trust in Australia’s financial institutions requires better incentive systems, clearer lines of accountability and stronger penalties for misconduct, said RBA governor Philip Lowe.

AML / KYC

Japan’s MUFG in Ongoing AML Probe by New York Regulators

By Manesh Samtani | 23/11/2018

The probe has been ongoing since late 2017, where MUFG is alleged to have intentionally ignored internal controls meant to prevent it doing business with sanctioned entities.

Enforcement

Chinese Exchanges Implement Compulsory Delisting Norms

By Garima Chitkara | 21/11/2018

The Shanghai and Shenzhen exchanges have implemented rules on the criteria for compulsory delisting of firms accused of major securities, public health or national security related violations.

Enforcement

Australia’s Public Prosecutor Gets A$50mn to Go After Banking Misconduct

By Garima Chitkara | 19/11/2018

Australia to provide approximately A$50 million for public prosecutions and federal court to expand staff and capacity to litigate banking and financial institution misconduct cases.

Crypto / Digital Assets

Tokyo Police Arrest Eight in Connection with Cryptocurrency Pyramid Scheme

By Editors | 19/11/2018

The suspects allegedly solicited investments in what they claimed was a US investment firm, collecting over $72mn in cash and cryptocurrencies from about 6,000 people.

AML / KYC

OFAC Highlights Potential Gap in Singapore’s Sanctions Regime

By Eric A. Sohn | 15/11/2018

Singapore can do more to prevent sanctions violations by domestic firms playing out on the international stage, says Eric A. Sohn at Dow Jones Risk & Compliance.

Enforcement

SEBI Looks to Enhanced Analytics to Boost Surveillance Capabilities

By Editors | 13/11/2018

The regulator is looking to set up private cloud infrastructure to enhance its analytical capabilities for better surveillance and investigations.