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United States
Sanctions
OFAC Adds More Belarus Officials to Sanctions List
By Editors | 27/03/2023
The sanctions target Alexander Lukashenko’s presidential aircraft, two major automotive manufacturers, and election officials.
Capital / Liquidity
First Citizens Bank to Takeover SVB Deposits and Loans
By Manesh Samtani | 27/03/2023
The FDIC and First Citizens Bank & Trust Co will share the losses and potential recoveries on commercial loans made by SVB.
Sanctions
New US Sanctions Target Myanmar Jet Fuel Supplies
By Editors | 27/03/2023
OFAC published an alert explaining the sanctions risks associated with providing jet fuel to Myanmar’s military regime.
Capital / Liquidity
US Lender PacWest Facing Lawsuit Despite Securing Lifeline
By Editors | 27/03/2023
Regional bank PacWest secured $1.4bn in additional liquidity via Atlas SP Partners, an investment firm launched out of Credit Suisse’s securitised-products group.
Enforcement
US DOJ Arrests and Charges Founder of Hacker Forum
By Editors | 25/03/2023
BreachForums is one of the world’s largest marketplaces for hacked and stolen data and other contraband.
Crypto / Digital Assets
US SEC Warns Against Investing in Crypto Assets
By Sanday Chongo Kabange | 24/03/2023
The SEC warns against dealing with unregistered crypto platforms and in unregistered crypto asset securities, though it doesn’t have a registration path for such products.
AML / KYC
Credit Suisse, UBS Under US Sanctions Probe – Report
By Editors | 24/03/2023
Credit Suisse and UBS were included in a wave of subpoenas sent out by the DOJ before their merger agreement was announced.
Crypto / Digital Assets
UPDATED – Terraform Labs Founder Do Kwon Arrested and Charged
By Editors | 24/03/2023
Do Kwon was arrested in Montenegro. SDNY prosecutors released an indictment and will seek his extradition to the US.
Crypto / Digital Assets
US SEC Warns Coinbase of Impending Enforcement Action
By Manesh Samtani | 24/03/2023
Coinbase met with the SEC 30 times over 9 months and spent millions of dollars trying to help it create a registration path for crypto exchanges.
Crypto / Digital Assets
FASB Opens Consultation on New Crypto Accounting Standard
By Editors | 23/03/2023
Fair value accounting will more accurately reflect the underlying economics of crypto assets and provide more decision-useful information.
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