United States

PEPs & Sanctions

US Expands Russia Sanctions Ahead of G7 Leaders Meeting

By Manesh Samtani | 13/06/2024

New sanctions target Russian financial infrastructure as well as entities in China, Hong Kong, Singapore and Thailand.

Cryptocurrency

Thailand Revokes Crypto Licence Due to Regulatory Failures

By Nithya Subramanian | 12/06/2024

The SEC said the Minister of Finance has agreed to revoke Zipmex’s digital asset business licence to prevent damage to customers.

Conduct, Culture & Accountability

Bank Failures of 2023 Show Lack of Focus on Culture Risk

By Manesh Samtani | 12/06/2024

Starling Compendium says culture and conduct risk should be recognised by prudential regulators as sources of systemic risk.

Supervision & Enforcement

Industry Body Sues US SEC for Records on WhatsApp Probe

By Editors | 11/06/2024

The American Securities Association seeks to force the SEC to disclose information that was considered when determining the penalties.

PEPs & Sanctions

OFAC Imposes New Sanctions Targeting Illicit Houthi Shipments

By Editors | 10/06/2024

The targets include four entities, including Hong Kong-, India- and Panama-based shipping companies and some of their vessels.

Anti-Money Laundering

TD Bank Facing $4bn in Fines for AML Violations – Report

By Editors | 10/06/2024

The amount is double previous estimates, prompted by the emergence of new bribery allegations against the bank.

Fraud, Scams & Cybercrime

Former AllianzGI Fund Manager Pleads Guilty to Fraud

By Editors | 10/06/2024

Gregoire Tournant admitted to providing deceptive information to investors in AllianzGI’s now-defunct Structured Alpha funds.

PEPs & Sanctions

Myanmar NUG Seeks to Recover $1b Frozen at NY Fed

By Editors | 10/06/2024

Myanmar’s National Unity Government is seeking the return of funds that were frozen in the US after the 2021 military coup.

PEPs & Sanctions

G7 Expected to Issue Warning to Chinese Banks This Week

By Editors | 09/06/2024

G7 leaders are expected to issue public statements this week warning smaller Chinese banks about the help they provide to Russia.