Unlike 2016 which was dominated by AML enforcement related to 1MDB, 2017 is the year of market misconduct enforcement.
"2017 has seen more ‘firsts’ – the first criminal conviction under the joint investigations regime was obtained in March 2017 and the MAS in May 2017 filed its first court appeal to seek a higher civil penalty award for market misconduct."
The Global Enforcement Review (GER) provides analysis and commentary on global enforcement trends in the financial services industry. To compile this report, we studied published data released by the UK Financial Conduct Authority (FCA), the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), the U.S. Financial Industry Regulatory Authority (FINRA), and the Securities and Futures Commission (SFC) of Hong Kong in 2016 and recent years. We have also explored the enforcement trends in various offshore jurisdictions.