Financial Supervisory Service Reduces Penalty to 1.4 Trillion Won Against Banks for Incomplete Sales of Hong Kong ELS
The Financial Supervisory Service of South Korea has decided to impose a reduced penalty of 1.4 trillion won on five banks for improperly selling Hong Kong-linked equity-linked securities (ELS).
Valentine: Kenya Central Bank bans use of banknotes for cash bouquets
Kenya's Central Bank has prohibited the use of banknotes for decorative cash bouquets, labeling it as defacement of national currency, which could lead to severe penalties including imprisonment.