1MDB: MACC to bring back recovered paintings worth over RM120mil

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) is in the process of arranging the return of high-value 1Malaysia Development Berhad (1MDB) assets currently held overseas. According to a source, the portfolio of 12 major works belonging to Jasmine Loo is held by US auction houses Christie's and Sotheby's. The collection includes Pablo Picasso's L'Ecuyere et les clowns (1961); Joan...

CFTC Commissioner hints at overreach on KuCoin charges

Caroline Pham, a CFTC commissioner, has publicly criticized her agency’s legal action against the crypto exchange KuCoin. The Commodity Futures Trading Commission, in collaboration with the U.S. Department of Justice, charged KuCoin on March 26 for unlawfully operating a digital assets derivatives exchange. The charge by the CFTC has sparked controversy, particularly regarding jurisdictional boundaries between the CFTC and its sister...