United States

Anti-Bribery & Corruption

US Congress Passes Foreign Extortion Prevention Act

By Editors | 15/12/2023

The Act prohibits foreign government officials from soliciting or receiving bribes from any person or company under US jurisdiction.

Clearing & Post-Trade

US SEC Adopts New Clearing Rules for Treasury Market

By Editors | 14/12/2023

The rule changes, designed to reduce the potential for systemic risk, will require more Treasury market trades to be centrally cleared.

PEPs & Sanctions

US and UK Announce New Round of Sanctions on Hamas Leadership

By Editors | 14/12/2023

The coordinated US and UK asset freezes and travel bans target Hamas leaders and financiers throughout the Middle East.

PEPs & Sanctions

Crypto Exchange Pays OFAC USD 1.2 Million to Settle Crimea Violations

By Editors | 14/12/2023

US-based CoinList Markets processed 989 transactions on behalf of users in the Crimea region in violation of OFAC sanctions regulations.

Trading & Investment

Philippines Lists Maiden Sukuk Issuance on Nasdaq Dubai

By Nithya Subramanian | 13/12/2023

Benjamin Diokno said the enhances the Philippine Islamic finance market and strengthens economic ties with the Middle East.

Cybersecurity

Taiwan Consults US Experts to Protect Banks from Cyberattacks

By Nithya Subramanian | 13/12/2023

Though 55 percent of APAC’s malicious cyberthreats targeted Taiwan this year, it has “near-zero capability” to defend itself.

Cryptocurrency

NYAG Announces $22m Settlement With Crypto Firm KuCoin

By Editors | 13/12/2023

KuCoin is required to refund more than USD 16.7 million to New York investors and pay more than USD 5.3 million to the state.

PEPs & Sanctions

Chinese Firms Among More Than 150 Sanctioned by OFAC for Russia Exports

By Editors | 12/12/2023

Latest OFAC action targets individuals and companies in several countries, including China, Singapore, Türkiye, and the UAE, for exporting to Russia’s military-industrial base.

PEPs & Sanctions

Shipping Companies Warned of Red Flags in New US Sanctions Guidance

By Editors | 12/12/2023

Five US agencies team up to issue guidance for shipping and logistics firms as US government continues crackdown on sanctions and export control evasion.