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United States
Cybersecurity
US SEC Confirms “SIM Swap” Attack as Cause of Social Media Hack
By Editors | 24/01/2024
The SEC said an employee’s phone was targeted in a “SIM swap” attack through the agency’s telecom carrier, after multifactor authentication was left disabled since last July.
Fraud, Scams & Cybercrime
US, UK Join Australia in Sanctioning Russian Cyber Attacker
By Mark Johnston | 24/01/2024
The US and UK took action “in solidarity with Australia” because of the similar risk Aleksandr Ermakov presents to both countries.
PEPs & Sanctions
US, UK, Australia Announce New Round of Hamas Sanctions
By Editors | 23/01/2024
OFAC said the sanctions target Hamas, its financiers, and its international financial infrastructure, including crypto transfers.
Cryptocurrency
Hong Kong Firm Targets Spot Bitcoin ETF Launch in Q1
By Nithya Subramanian | 22/01/2024
Venture Smart Financial Holdings aims to accumulate USD 500 million in assets under management by the end of 2024.
Anti-Money Laundering
US Regulators Fine ICBC New York Branch for Regulatory Violations
By Editors | 22/01/2024
ICBC disclosed confidential supervisory information without regulatory approval and had deficiencies in its BSA/AML compliance programme.
PEPs & Sanctions
US Sanctions Prompt Turkish Banks to Reject Russian Payments
By Editors | 22/01/2024
Turkish banks are now refusing to accept payments from Russian banks for exports, due to the threat of US sanctions.
Sustainable Finance
SET Unveils Three-Year Plan to Boost Thai Capital Market
By Mark Johnston | 21/01/2024
The plan includes support for ESG initiatives and the introduction of new products such as small size Thai shares and inverse ETFs.
Cryptocurrency
Spot Bitcoin ETFs Not Suitable for Singapore Retail Investors: MAS
By Editors | 19/01/2024
Those who choose to trade spot Bitcoin ETFs in overseas markets must exercise extreme caution, MAS said.
PEPs & Sanctions
OFAC Sanctions 18 Tankers for Russian Oil Price Cap Violations
By Editors | 19/01/2024
UAE based shipping company Hennesea and 18 of its vessels are subject to restrictions for transporting Russian crude at prices higher than the price cap.
Cryptocurrency
US IRS Clarifies Crypto Tax Reporting Rules
By Mark Johnston | 19/01/2024
The IRS and Treasury clarify that crypto tax reporting rules will require issuing regulations before it goes into effect, which could take years.
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