United States

PEPs & Sanctions

US, Japan, Korea to Collaborate on Technology Export Controls

By Editors | 26/04/2024

The launch of the “Disruptive Technology Protection Network” comes amid US calls for Japan and Korea to tighten controls on chip-related exports to China.

PEPs & Sanctions

US President Signs National Security Package Into Law

By Editors | 25/04/2024

Among other things, the package broadens sanctions on Iran, allows confiscation of Russian assets, and requires TikTok to separate from ByteDance.

Fraud, Scams & Cybercrime

US SEC Asks Court to Force Terraform Labs and Founder to Pay $5.3b

By Mark Johnston | 25/04/2024

The SEC argues that Terraform Labs and Do Kwon have not shown remorse for their conduct and are likely to commit additional violations.

PEPs & Sanctions

Russian Court Orders Seizure of JPMorgan Assets

By Editors | 25/04/2024

State-owned VTB Bank filed the lawsuit in an attempt to recover USD 439.5 million in funds that were frozen by JPMorgan due to sanctions.

Market Risk

Japanese Banks Resilient Despite Interest Rate, Real Estate Risks

By Mark Johnston | 25/04/2024

BOJ said Japanese banks can withstand various financial stresses, but vulnerabilities warrant close monitoring.

AI Risk & Governance

CFTC AI Rules Should Focus on Use Cases, Not Technology: FIA

By Manesh Samtani | 25/04/2024

FIA and other industry bodies say the focus should be on “the application of the technology within the context of a particular use case, not the technology as a whole”.

PEPs & Sanctions

Pakistan, Iran Agree to ‘Expeditiously’ Finalise Trade Agreement

By Editors | 25/04/2024

Pakistan and Iran aim to increase bilateral trade, cooperate on energy, and complete a gas pipeline project. The US has warned Pakistan of the risk of sanctions.

Fraud, Scams & Cybercrime

US Hedge Fund Sues Over Credit Suisse AT1 Bond Losses

By Mark Johnston | 25/04/2024

The lawsuit accuses Credit Suisse’s CEO and former Chairman of misrepresenting the bank’s liquidity position while it was facing a deposit run.

Anti-Money Laundering

US DOJ Proposes 36-Month Prison Sentence for Binance Founder

By Mark Johnston | 25/04/2024

The DOJ said the sentence must be significant to effectively punish Changpeng Zhao and to deter others who are tempted to break US laws.