United States

PEPs & Sanctions

OFAC Issues New Form for Reporting Russian Sovereign Assets

By Editors | 24/07/2024

The form is part of implementing a law passed in April to enable the confiscation of Russian sovereign assets frozen in the US.

Market Abuse

Hong Kong Court Jails Three in Landmark Manipulation Case

By Sanday Chongo Kabange | 23/07/2024

The jail sentences are the heaviest and longest imposed for market manipulation since the SFO came into effect in 2003.

Anti-Money Laundering

US House Passes Bill to Combat Crypto-enabled Illicit Finance

By Nithya Subramanian | 23/07/2024

Under the bill, an independent financial technology working group will be established to examine illicit finance in the digital asset ecosystem.

Operational Risk

US Banks Not Managing Operational Risk Well, OCC Finds

By Nithya Subramanian | 23/07/2024

Confidential assessments by the OCC reportedly found that many banks scored poorly on their management of operational risk.

PEPs & Sanctions

OFAC Issues Guidance on Extended Statute of Limitations

By Editors | 22/07/2024

OFAC plans to extend record-keeping requirements from five to ten years, to match the new statute of limitations period.

KYC & CDD

Philippine SEC Launches New Digital Services Platform

By Editors | 22/07/2024

The eSECURE platform will serve as a user’s digital passport to the different online services provided by the SEC.

PEPs & Sanctions

UK Publishes Briefing on Third Countries Helping Russia

By Manesh Samtani | 22/07/2024

The briefing names Belarus, Iran, North Korea and China as the main countries providing military support to Russia.

Cybersecurity

Global IT Outage: ‘Significant Number’ of Affected Devices Back Online

By Manesh Samtani | 22/07/2024

NAB, CBA, SGX, LSE, Amex, Barclays, Macquarie Capital, and TD Bank were among those impacted, along with some Indian and Philippine banks.

Fraud, Scams & Cybercrime

US SEC Sets Up Interagency Securities Council to Combat Fraud

By Nithya Subramanian | 22/07/2024

The objective of the new council is to strengthen collaboration between federal, state, and local agencies to protect investors from fraud.