United States

PEPs & Sanctions

US Targets President’s “Wallets” in Latest Belarus Sanctions

By Editors | 07/12/2023

OFAC sanctions 11 entities and seven individuals accused of supporting Belarusian President Alyaksandr Lukashenka and Russia’s war effort.

Anti-Money Laundering

Banque Pictet to Pay $123m to Settle US Tax Evasion Case

By Editors | 06/12/2023

Banque Pictet helped US taxpayers to use coded accounts, foreign trusts and entities, nominee beneficiaries and other “deceits” to conceal their income and assets abroad.

PEPs & Sanctions

US Treasury Announces “Counter-Fentanyl Strike Force”

By Editors | 06/12/2023

Initiative is aimed at streamlining the US Treasury Department’s efforts to combat trafficking of illicit fentanyl.

PEPs & Sanctions

US Government Offers Bounty for Russian National Accused of Sanctions Busting

By Editors | 06/12/2023

US government offers USD 7 million reward for individual accused of smuggling sensitive technology to Russia and money laundering via a German trading company.

PEPs & Sanctions

US Sanctions Belgium-based Network for Russian Military Procurement

By Editors | 06/12/2023

US sanctions five individuals and nine entities as DOJ unseals indictments targeting illicit Russian military procurement.

Climate Risk

CFTC Proposes Standards for Carbon Credit Derivatives

By Editors | 05/12/2023

The guidance adopts standards from the ICVCM’s Core Carbon Principles and introduces quality standards for carbon offsets tied to derivative contracts.

Cryptocurrency

Cristiano Ronaldo Facing Class Action Over Binance Endorsement

By Editors | 04/12/2023

The $1bn lawsuit claims the endorsement led the plaintiffs to make loss-making investments, including in “CR7” branded NFTs.

PEPs & Sanctions

US Lawmakers Call for Sanctions on Chinese Drone Maker

By Editors | 04/12/2023

Autel Robotics and its US subsidiary are engaged in a variety of sanctionable activities, a House of Representatives letter claims.

Market Abuse

FINRA Fines BofA Securities for Spoofing in Treasury Markets

By Editors | 03/12/2023

FINRA said a former BofA Securities supervisor and junior trader conducted 717 spoof trades, and the firm’s systems were not able to detect such activity.