United States

PEPs & Sanctions

OFAC Targets Financial Facilitators of al-Shabaab Militant Group

By Editors | 12/03/2024

OFAC said al-Shabaab, an al-Qa’ida-affiliated terrorist group, that is “responsible for some of the worst terrorist attacks in East Africa’s modern history”.

Trading & Investment

Thailand to Tighten Rules on Short-Selling, Algorithmic Trading

By Editors | 12/03/2024

The SEC will shrink the pool of listed stocks eligible for short-selling, impose daily limits on short-selling, and require securities firms to help it police the market.

Cryptocurrency

Bankrupt BlockFi to Achieve Full Recovery for Customers

By Editors | 11/03/2024

BlockFi reached an agreement allowing it to recover $874.5mn from the estates of FTX and Alameda Research, subject to approval by a US bankruptcy judge.

Fraud, Scams & Cybercrime

Montenegro Approves Extradition of Do Kwon to South Korea

By Mark Johnston | 11/03/2024

Do Kwon now faces extradition to South Korea rather than the US after 23 March following a new court ruling.

Tokenisation

CFTC Publishes First-Ever US Taxonomy for Digital Assets

By Editors | 11/03/2024

The digital asset taxonomy is one of three recommendations advanced by the CFTC’s Global Markets Advisory Committee.

Custody & Infrastructure

Thai SEC Proposes Higher Capital Requirements for Crypto Firms

By Editors | 10/03/2024

Crypto exchanges would have to meet a minimum capital requirement of THB 100 million if they hold customer assets, up from THB 50 million currently.

PEPs & Sanctions

Iran Court Allows Confiscation of US Oil in Response to Sanctions

By Editors | 10/03/2024

Proceeds from the confiscated oil will be used to compensate victims of a rare skin disease who have been unable to access certain medical items due to US sanctions.

Clearing & Post-Trade

US Fed Updates OpRisk Rules for Major Clearing Organisations

By Editors | 10/03/2024

Designated clearing and settlement utilities are required to establish an incident management framework and advance their cyber resilience capabilities.

Market Abuse

Thailand SEC Penalises 15 for Manipulating Stock Prices

By Mark Johnston | 08/03/2024

The individuals were collectively fined a total $1.82mn and prohibited from serving as directors or executives of any securities company for varying periods.