United States

Crypto / Digital Assets

JPMorgan Seeks Regulatory Approval to Launch ‘Digital Deposit Token’

By Editors | 13/09/2023

The deposit token would represent a digital claim against a commercial bank deposit, and could be used for instant payments and settlements across the financial system.

ESG / Sustainability

Sri Lanka Revises Corporate Governance Rules for Listed Companies

By Duruthu E Chandrasekera | 12/09/2023

The revisions will help to build investor confidence and better align corporate governance practices in Sri Lanka with international standards.

AML / KYC

CFTC Commissioner Calls for Creation of National Financial Fraud Registry

By Sanday Chongo Kabange | 12/09/2023

Commissioner Christy Goldsmith Romero says a centralised national financial fraud registry would enable the public to protect themselves from fraudsters.

Sanctions

FinCEN Sheds Light on Cases of Export Control Evasion

By Editors | 11/09/2023

SAR filings reveal that a network of China- and Hong Kong-based entities may be providing support to Russia’s military and/or defense industrial base.

AML / KYC

No Place to Hide: US Court Upholds Sanctions on Decentralised Crypto Platform

By James Gillespie | 11/09/2023

RUSI’s James Gillespie discusses what the Tornado Cash case means for holding DeFi platforms accountable under AML and sanctions laws.

Enforcement

CFTC Penalises Three DeFi Operators for Offering Services Illegally

By Editors | 11/09/2023

Commissioner Summer Mersinger dissented with the orders saying the CFTC should instead be engaging with the public on these matters.

AML / KYC

FinCEN Issues Alert on “Pig Butchering” Scams

By Editors | 11/09/2023

FinCEN provides red flags to help in the identification of pig butchering activity so that FIs can report this activity and enable law enforcement to track down the perpetrators.

Crypto / Digital Assets

Fourth Former FTX Executive Pleads Guilty to US Charges

By Editors | 10/09/2023

The former co-chief of FTX Bahamas pleaded guilty to making unlawful political donations and operating an illegal money-transmitting business.

Crypto / Digital Assets

CFTC Commissioner Urges Creation of Crypto Regulatory Sandbox

By Manesh Samtani | 10/09/2023

CFTC commissioner Caroline Pham said creating a pilot programme will enable the safe exploration of innovations involving crypto, digital assets, and tokenisation.