• photo credit “WebSummit2019 Pavilion 2 Day 2 – WireCard” by Web Summit, taken Nov 5, 2019, via Flickr. Licensed under CC BY 2.0

    Singapore Convicts Two in Wirecard Forgery Case

    A Singapore court on Monday convicted two businessmen of falsifying documents that misled auditor EY into believing Wirecard held substantial cash in Singapore bank accounts.

  • photo credit London MMB »1W7 CitiGroup Centre by mattbuck, licensed under [CC BY-SA 2.0-Share Alike Generic]. Source: Wikimedia Commons. Edited version used.

    HK Regulator Bans Ex-Citi Asia Equities Head for Poor Compliance

    Hong Kong has banned Richard Charles Heyes, Citigroup’s former head of pan-Asia equities, from re-entering the financial industry for five years after finding him liable for regulatory breaches.

  • JPMorgan to Pay $330 Million to Resolve 1MDB Case in Malaysia 

    JPMorgan Chase will pay $330 million to the government of Malaysia to settle claims that it facilitated the processing of $800 million in fraudulent transactions linked to the looting of Malaysia’s sovereign wealth fund, 1MDB.  The settlement, which binds both parties from any future claims or litigations related to the scandal, follows allegations by Malaysian […]