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United States
AML / KYC
US, UK, Canada Sanction Former Governor of Lebanon Central Bank
By Editors | 11/08/2023
The former governor and his close associates were sanctioned for “corrupt acts” that contributed to Lebanon’s economic crisis.
Crypto / Digital Assets
US SEC to Settle Case Against Crypto Firm Bittrex for $24m
By Editors | 11/08/2023
Bittrex and its co-founder and former CEO agreed to settle the SEC case for $24mn. The firm previously said it was exiting the US market due to a lack of regulatory clarity.
Sanctions
US, Canada, New Zealand Target Belarus With New Sanctions
By Editors | 10/08/2023
The coordinated sanctions come on the three-year anniversary of a presidential election which Alexander Lukashenko won by allegedly falsifying votes.
AML / KYC
US Senators Reintroduce Digital Asset Anti-Money Laundering Act
By Editors | 10/08/2023
The bill, if enacted, would require firms to start reporting crypto transactions exceeding $10,000 after 18 months.
ESG / Sustainability
S&P Global Ratings Stops Providing ESG Credit Indicators
By Ranamita Chakraborty | 10/08/2023
With immediate effect, the impact of ESG factors on a borrower’s creditworthiness will now be conveyed through narrative paragraphs in the rating agency’s reports.
AML / KYC
US Issues Executive Order to Further Limit Investment in Chinese Tech
By Editors | 10/08/2023
The order targets investments in advanced computer chips, microelectronics, quantum information technologies, and artificial intelligence.
Crypto / Digital Assets
Fed Unveils New Supervision Programme for Banks Engaging With Crypto
By Manesh Samtani | 10/08/2023
The Fed requires banks to obtain a written notification of supervisory nonobjection before engaging in activities involving stablecoins.
Sanctions
US Treasury Clarifies Stance on Humanitarian Aid to Syria under Sanctions
By Editors | 09/08/2023
The guidance is the latest in a series of OFAC actions aimed at clarifying the US government’s stance on humanitarian trade.
Capital / Liquidity
US Majors Reveal Expected Costs for FDIC Special Assessment
By Editors | 09/08/2023
JPMorgan Chase, Bank of America, Wells Fargo and Citigroup expect to pay a combined $8.2bn to replenish the fund.
Securities / Derivatives
TSE Signs Agreement to Provide Japanese Investors Access to US Securities
By Editors | 09/08/2023
The MoU between the Tokyo Stock Exchange and Blue Ocean Technologies will enable Japanese investors to trade US stocks during their daytime hours.
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