Dentons, an international law firm, faced allegations from the SRA regarding its handling of a politically exposed client, accused of breaching money laundering regulations. The firm argued that the accusations were based on current regulations, not those in force at the time. Meanwhile, Australia's ASX was fined by ASIC for over 8,000 lapses in trade order transparency, marking an 'unprecedented' move by the regulator.
SRA issues fines exceeding £55,000 for AML compliance breaches https://t.co/Vd3ChpTFL5
SFC starts proceedings against ex-Chairman of Ding Yi Feng (0612) and 20 others for market manipulation, seeks compensation for investors: The action comes just 3 days before the 6-year limit for civil actions under the Limitation Ordinance. Presumably,… https://t.co/0JVl4kqlku
First ramp-and-dump criminal prosecution at District Court commences: Source: SFC | Source date: 27-Feb-2024 16:15 https://t.co/eb7CJE5Fp4
SFC secures first criminal conviction of securities fraud via illegal short selling: The stock involved, then Aurum Pacific (China) Group Ltd, is now named Wuxi Life (8148). The trial of Chrstine Yeung Tak Sum was due to start on 27-Feb but she changed… https://t.co/PTDIqI8E7h
Carol Hui Mei Ying, ex-ED of Insurance Authority, charged with MIPO over daughter-in-law's hiring by Prudential: Source: ICAC | Source date: 7-Mar-2024 23:59 https://t.co/WKp8LzKRi3
The U.K. arm of Dentons argued at tribunal that it had done enough to establish how an ex-client had earned his wealth, saying it was not required to refuse service because his home country had a higher risk of corruption and money laundering. https://t.co/HvI7pTsaKe
Dentons told a tribunal that the SRA's case accusing the firm of breaching money laundering regulations by failing to adequately investigate a former client's wealth is based on current regulations rather than those in force at the time. https://t.co/2h9brbKnnd
The ASX has been fined by corporate regulator ASIC in an “unprecedented” move, according to Sky News Business Editor Ross Greenwood. https://t.co/Lsq41NhtOi
Australia’s main securities exchange ASX was fined by the markets watchdog for more than eight thousand lapses in trade order transparency https://t.co/5JvWv7Qa4C
Australia's corporate regulator fines ASX, issues infringement notice https://t.co/6w1qVJ0rv3 https://t.co/scqHq1gwYC
Australia's Corporate Regulator Fines ASX, Issues Infringement Notice - @YahooFinance https://t.co/Ap3PUzNYtk
Hit them with another $2bn fine please https://t.co/xhDqQr0YhG
SFC and SEHK collaborate in action against 2 ex-directors of Global Uin (8496) for misconduct: SEHK censures Aris Goh Leong Heng and his wife Anita Chia Hee Mei. The SFC used its powers to trace (via the Monetary Authority of Singapore) SGD1m paid by the… https://t.co/ayiAnHskCi
International firm Dentons accuses SRA of taking ‘revisionist approach’ in applying current anti-money laundering guidance to conduct going back 10 years: https://t.co/Pj3yoOOcwK
Dentons faced allegations from an SRA investigator at a tribunal Tuesday that the way the firm handled a politically exposed client were "concerning" amid claims it breached money laundering regulations by failing to make adequate checks. https://t.co/en05RWQ9YY