United States

ESG / Sustainability

Philippine SEC Adopts Sustainable Finance Taxonomy

By Sanday Chongo Kabange | 06/03/2024

The SEC said issuers of securities should refer to the taxonomy when making investment decisions or designing sustainable financial products and services.

Crypto / Digital Assets

Montenegro Court Halts Extradition of Terra’s Do Kwon to US

By Sanday Chongo Kabange | 06/03/2024

Do Kwon’s case will be retried because of procedural issues over who between the US and South Korea was first to request his extradition.

Sanctions

OFAC Sanctions Members of Spyware Consortium

By Editors | 06/03/2024

The consortium’s spyware and surveillance tools were used to target US officials, journalists, and policy experts.

Sanctions

US Sanctions Zimbabwe’s President, Other Officials

By Editors | 05/03/2024

The sanctions were issued under the Magnitsky programme. The Zimbabwe Sanctions Regulations have been terminated.

Enforcement

US Secures $661m Settlement from Swiss Oil Trader for FCPA Violations

By Manesh Samtani | 04/03/2024

Over a nearly a decade, Gunvor Group paid more than $97mn to secure business from Ecuador, generating $384mn in illicit profits.

Enforcement

Boeing Fined $51m for Arms Export Control Violations

By Editors | 04/03/2024

Boeing is also required to engage a special compliance officer for at least two years and spend a further $24mn on strengthening its compliance programme.

Sanctions

G7 Ban on Indirect Imports of Russian Diamonds Takes Effect

By Editors | 03/03/2024

The World Federation of Diamond Bourses says the ban on Russia-produced diamonds will also harm non-Russian manufacturers and traders.

Crypto / Digital Assets

NYDFS Secures Return of $1.1bn to ‘Gemini Earn’ Investors

By Editors | 01/03/2024

Gemini Trust has committed to returning at least $1.1bn to customers who invested in its ‘Earn’ crypto lending programme.

US to Ban Certain Data Transfers to China, Russia

By Editors | 29/02/2024

Executive Order authorises actions to prevent the personal data of US citizens from being transferred to so-called “countries of concern”.