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United States
Conduct, Culture & Accountability
US DOJ Launches Whistleblower Awards Pilot Programme
By Manesh Samtani | 02/08/2024
Whistleblower awards can be up to 30% of the first $100mn in assets forfeited and up to 5% of those between $100-500mn.
PEPs & Sanctions
OFAC Sanctions More Houthi Procurement Facilitators
By Editors | 02/08/2024
The sanctions target “key actors” located in China, Hong Kong, and Yemen who have “directly supported” the Houthis’ weapons procurement efforts.
Emerging Prudential Risks
BOJ Raises Interest Rate to Highest Level Since 2008
By Editors | 01/08/2024
The BOJ also said it would gradually reduce its monthly bond buying from JPY 6 trillion to JPY 3 trillion by Q1 2026.
Market Abuse
Prominent Short Seller Andrew Left Charged for Securities Fraud
By Editors | 31/07/2024
The DOJ and SEC said Andrew Left used social media and TV appearances to promote his trades, manipulate the market, and “make fast, easy money”.
Cryptocurrency
US Lawmaker Proposes to Create Strategic Bitcoin Reserve
By Editors | 31/07/2024
A Hong Kong lawmaker said including Bitcoin in the city’s strategic financial reserves is something that should be considered.
PEPs & Sanctions
Austria’s Raiffeisen Working to Sell 60pc of Russian Unit
By Editors | 31/07/2024
Raiffeisen is trying to coordinate with Russian, European and US authorities to sell a 60% stake in its Russian unit.
Market Abuse
Six US Banks Agree to Settle Antitrust Litigation for $80m
By Editors | 31/07/2024
The banks allegedly colluded to bid up bond prices at auction and then sell those bonds at inflated prices to pension funds and other investors.
Clearing & Post-Trade
IIB Warns of Extraterritoriality of Treasury Clearing Proposal
By Editors | 31/07/2024
Under a proposed FICC rule, the SEC’s clearing mandate on US Treasury securities would apply to an entire foreign bank, rather than just its US-based branch.
PEPs & Sanctions
OFAC Targets Iran Weapons Programmes With New Sanctions
By Editors | 31/07/2024
The sanctions cover two procurement networks that help Iran obtain components for weapons systems, including Hong Kong and China-based targets.
Fraud, Scams & Cybercrime
US Authorities Charge Founder of Crypto Firm BitClout
By Editors | 31/07/2024
Nader Al-Naji faces civil and criminal charges for allegedly lying to investors and misappropriating investments for personal expenses and gifts.
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