United States

PEPs & Sanctions

US Blacklists Six Chinese Entities Over Alleged Spy Balloons

By Editors | 13/02/2023

The economic restrictions will make it more difficult for the five companies and one research institute to obtain US technology exports.

Stablecoins

UPDATED: NYDFS, SEC Scrutinise Paxos Over BUSD Stablecoin

By Editors | 13/02/2023

Paxos is the issuer of a Binance-branded stablecoin that ranks as the third-largest, as well as its own stablecoin called Pax Dollar, the sixth largest.

PEPs & Sanctions

South Korea Issues First Independent DPRK Sanctions

By Editors | 12/02/2023

The sanctions came hours after South Korea and the US released a joint cybersecurity advisory detailing the threat posed by North Korean ransomware actors.

Fraud, Scams & Cybercrime

US, UK Jointly Sanction Russian Ransomware Actors

By Editors | 12/02/2023

The first-of-its-kind joint action marks the first time suspected ransomware operators have been designated under the UK sanctions regime.

Anti-Money Laundering

Russian National Pleads Guilty to Money Laundering Conspiracy

By Editors | 11/02/2023

The Russian national and unnamed co-conspirators allegedly laundered at least USD 70 million in ransom proceeds using cryptocurrency.

Cryptocurrency

US SEC Fines Kraken, Forced Shutter of Crypto Staking Programme

By Editors | 10/02/2023

Commissioner Hester Peirce disagreed with the action, saying there isn’t sufficient guidance on the SEC’s regulatory approach to staking programmes.

PEPs & Sanctions

OFAC Issues Exemptions to Facilitate Syria Earthquake Relief Efforts

By Manesh Samtani | 09/02/2023

US sanctions in Syria will not stand in the way of life-saving efforts for the Syrian people, said deputy treasury secretary Wally Adeyemo.

Cloud & Infrastructure

US Treasury Calls for Caution When Adopting Cloud Tech

By Editors | 09/02/2023

Treasury’s report highlights concerns over market concentration in cloud service offerings, among other challenges that could detract from their benefits.

Cloud & Infrastructure

As Regulation Evolves, Regtech Will Continue to Boom  

By Leo Labeis | 09/02/2023

The success of the Digital Regulatory Reporting (DRR) programme highlights the opportunity that regtech presents and the increasingly important role technology will play in compliance, says Leo Labeis.