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United States
Emerging Prudential Risks
Citi Warns of Potential for Russia to Weaponise Metal Exports
By Mark Johnston | 10/03/2023
Analysts worry that Russia could retaliate to new US tariffs on imports of Russian aluminium by banning nickel and palladium shipments.
PEPs & Sanctions
OFAC Cracks Down on Entities Helping Iran Evade Sanctions
By Editors | 10/03/2023
The sanctions target entities in China, Hong Kong, Singapore, Malaysia and elsewhere for helping Iran evade sanctions and supplying critical components for its drones.
Anti-Bribery & Corruption
1MDB: Ex-Goldman Banker Sentenced to 10 Years in Prison
By Editors | 10/03/2023
Prosecutors had sought a 15 year sentence for Roger Ng, saying he was a central player in the “brazen and audacious scheme” to steal billions of dollars from 1MDB.
Resolution & Recovery
Crypto Focused Bank Silvergate to Enter Into Liquidation
By Editors | 09/03/2023
Silvergate has served as one of the main banks for crypto companies. The wind down and liquidation plan includes full repayment of all deposits.
Cryptocurrency
NYAG Files Lawsuit Against Crypto Platform KuCoin
By Editors | 09/03/2023
In a first by a US authority, the lawsuit claims that Ether is a security, meaning KuCoin was required to register as a securities broker or dealer.
Cryptocurrency
Court Allows Binance.US to Buy Voyager Despite SEC Objection
By Editors | 09/03/2023
The court said the SEC’s objection was “vague”, that it failed to present any evidence, and that it should not have waited until the last minute to raise its concerns.
Cybersecurity
FIA to Form New Global Taskforce in Response to ION Outage
By Manesh Samtani | 08/03/2023
The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.
Anti-Bribery & Corruption
US SEC Fines Rio Tinto Over Bribery Scheme Involving Guinea Mining Rights
By Manesh Samtani | 08/03/2023
Rio Tinto paid a former classmate of a Guinean government official for helping it secure mining rights. The consultant later attempted to pay $822,000 to the official.
Cryptocurrency
FTX’s Alameda Sues Grayscale for Trapped Crypto Assets
By Manesh Samtani | 08/03/2023
Alameda accuses Grayscale and its owner Digital Currency Group of “brazen abuse” of their control over nearly USD 19 billion of digital assets held in two trusts.
Fraud, Scams & Cybercrime
US Court Authorises Emergency Freeze on Crypto Hedge Fund Assets
By Editors | 08/03/2023
BKCoin and one of its co-founders commingled client money and used some make “Ponzi-like payments” to other investors.
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