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United States
Anti-Money Laundering
Germany’s BaFin Fines Deutsche Bank for STR Filing Delays
By Editors | 23/10/2023
BaFin said Deutsche Bank submitted suspicious transaction reports to the FIU “with a delay”.
Cryptocurrency
US SEC Drops Lawsuit Against Ripple Executives
By Editors | 22/10/2023
Analysts say the move will ultimately allow the SEC to appeal the court’s earlier decision about XRP not being a security sooner.
PEPs & Sanctions
US Treasury Announces Easing of Venezuela Sanctions
By Editors | 21/10/2023
A six-month general licence allows the production, sale and export of Venezuela’s oil and gas, without limitations on customers or destinations.
Custody & Infrastructure
DTCC to Build Infrastructure to Support Adoption of Digital Assets
By Mark Johnston | 20/10/2023
DTCC is acquiring digital asset technology provider Securrency; will offer new blockchain-based products and “unlock the power of institutional DeFi”.
Fraud, Scams & Cybercrime
NYAG Sues Crypto Firms Gemini, Genesis, DCG for Fraud
By Manesh Samtani | 20/10/2023
“Gemini hid the risks of investing with Genesis, and Genesis lied to the public about its losses,” said AG Letitia James. The lawsuit says 230,000 investors lost more than $1bn.
Anti-Money Laundering
FinCEN to Require FIs to Report Transactions Involving Crypto Mixers
By Editors | 19/10/2023
FIs would have to report information about transactions they know or suspect could involve crypto mixing, whether in the US or in another jurisdiction.
PEPs & Sanctions
US & Allies Reimpose Iran Sanctions Following UNSCR Expiry
By Manesh Samtani | 19/10/2023
A 2015 UN Security Council resolution targeting Iran’s ballistic missile, nuclear, and drone programmes has expired.
PEPs & Sanctions
OFAC Sanctions Hamas Operatives, Financial Facilitators
By Editors | 18/10/2023
OFAC is targeting Hamas members managing a “secret” investment portfolio, a Qatar-based financial facilitator, and a Gaza-based crypto exchange.
PEPs & Sanctions
US Tightens Export Controls on Advanced Computing Chips
By Editors | 18/10/2023
The Commerce Department said changes are needed to maintain the effectiveness of the export controls imposed in October 2022 and close loopholes.
Cryptocurrency
California Governor Approves Digital Financial Assets Law
By Editors | 18/10/2023
The law grants California’s DFPI the authority to develop a regulatory framework for crypto activities in the state.
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