United States

    CBDCs

    US Unveils Comprehensive Plans for Regulating Digital Assets

    By Manesh Samtani | 18/09/2022

    Reports released by the White House, Treasury, Commerce and DOJ will help ensure a coordinated and comprehensive approach to digital assets policy.

    PEPs & Sanctions

    OFAC Issues Guidance on Transacting With Tornado Cash

    By Editors | 18/09/2022

    US persons may request a specific licence from OFAC to complete transactions involving sanctioned crypto mixer Tornado Cash.

    Data Privacy

    US Formalises Requirements for CFIUS Reviews to Assess Cyber, Data Risks

    By Manesh Samtani | 16/09/2022

    CFIUS will have to consider five new sets of national security concerns when reviewing foreign investments in the US.

    PEPs & Sanctions

    US Imposes New Sanctions on Russian Targets

    By Manesh Samtani | 16/09/2022

    The US and EU are also discussing plans target Turkish banks that have joined Russia’s Mir payment system. Putin unexpectedly admitted to tensions with Xi.

    Structural Regulation

    PwC, KPMG Ready to Host PCAOB Audit Inspections – Report

    By Editors | 16/09/2022

    PCAOB inspectors are expected to arrive in Hong Kong soon, but will have to serve three days in hotel quarantine before beginning work at PwC and KPMG’s Hong Kong offices.

    Clearing & Post-Trade

    US SEC Proposes Measures to Boost Treasury Market Resiliency

    By Editors | 15/09/2022

    Clearinghouse members will be required to push their clients’ secondary market trades and margins collected through the clearinghouse.

    Cryptocurrency

    US Heavyweights Announce Plans to Launch Crypto Exchange

    By Editors | 15/09/2022

    EDX Markets is backed by Citadel Securities, Fidelity Investments, Charles Schwab, Virtu Financial, Sequoia Capital and Paradigm.

    PEPs & Sanctions

    OFAC Sanctions Iranian Actors Over Ransomware Activity

    By Editors | 15/09/2022

    OFAC said the IRGC-affiliated group has launched extensive campaigns across the globe targeting defence, diplomatic, government and private industry personnel.

    PEPs & Sanctions

    UN Official Calls for Removal of All Iran Sanctions

    By Manesh Samtani | 14/09/2022

    Alena Douhan calls on the US and its allies to lift all sanctions and other restrictions against Iran, and invites the UN to propose mechanisms of compensation, remedy and redress.

    Cryptocurrency

    US SEC to Establish New Office for Crypto-related Filings

    By Manesh Samtani | 13/09/2022

    In a recent speech, SEC chair Gary Gensler highlighted the need for better disclosures for crypto investors. He also said the “vast majority” of crypto tokens are securities.

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