United States

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    Trading & Investment

    Thailand Revises Rules on Short Selling, Algorithmic Trading

    By Sanday Chongo Kabange | 26/06/2024

    The revised rules introduce the uptick rule and a registration requirement for HFT investors, among other measures, effective from 1 July.

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    Structural Regulation

    US Teasury Proposes Rules to Curb Investment in Chinese Tech

    By Editors | 25/06/2024

    The proposed rules prohibit US investment in certain technologies and products, and require notification for certain other transactions.

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    Trading & Investment

    Nasdaq Scrutinising IPO Applicants from China, Hong Kong

    By Mark Johnston | 25/06/2024

    Nasdaq officials have reportedly been inquiring into the identities and independence of pre-IPO investors of Chinese and Hong Kong companies seeking to list in the US.

    Resolution & Recovery

    US Regulators Identify Shortcomings in Bank Resolution Plans

    By Editors | 25/06/2024

    BofA, Goldman, JPMorgan and Citi are required to address the identified shortcomings in their next resolution plans, due by 1 July 2025.

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    PEPs & Sanctions

    OFAC Sanctions 12 Execs of Cybersecurity Firm Kaspersky Lab

    By Editors | 22/06/2024

    Kaspersky products, services, and software updates will also be banned in the US starting from 29 September due to the company’s Russian ties.

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    Anti-Money Laundering

    FinCEN Issues Advisory to Aid Detection of Fentanyl Trafficking

    By Editors | 21/06/2024

    The advisory says FIs should look out for counterparties that are chemical or pharmaceutical companies in China, Hong Kong, or other jurisdictions, especially if they use shared addresses.

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    Anti-Money Laundering

    US Uncovers Drug Cartel Alliance With Chinese Money Launderers

    By Editors | 19/06/2024

    US authorities uncovered a partnership between Mexico’s Sinaloa Cartel and a Chinese underground money laundering syndicate.

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    Market Abuse

    CFTC Settles Charges Against Trafigura for $55m

    By Manesh Samtani | 18/06/2024

    This is the first time the CFTC has taken action against a firm for impeding whistleblower communications, a move being criticised by two commissioners.

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    Cryptocurrency

    ‘Gemini Earn’ Investors Secure Full Recovery of Crypto Assets

    By Editors | 18/06/2024

    The NYAG’s claims against Gemini are now fully resolved, with Gemini Earn users receiving full recovery of the digital assets owed to them.

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    PEPs & Sanctions

    OFAC Sanctions Targets Linked to Houthi Weapons Procurement

    By Editors | 18/06/2024

    OFAC designated three companies in China; entities in Hong Kong, UAE and Oman; three individuals; and a vessel.

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