United States

AML / KYC

US Charges Crypto CEO for Fraudulent Investment Scheme

By Mark Johnston | 19/05/2022

Eddy Alexandre, the CEO of EminiFX, promised weekly returns would be generated through proprietary robo-advising technology.

AML / KYC

US Warns Foreign Banks Against Facilitating Sanctions Evasion

By Editors | 18/05/2022

Foreign banks could fall under US sanctions if they provide material support to a person or entity sanctioned by the US.

Enforcement

Allianz to Pay $6bn to Settle Investor Fraud Cases

By Editors | 18/05/2022

Allianz Global Investors admitted that it violated the federal securities laws, and is disqualified from providing advisory services to US funds for ten years.

Securities / Derivatives

US Investment Banks Pause Work on New SPAC Deals

By Mark Johnston | 17/05/2022

New rules from the SEC have reportedly prompted Goldman, Bank of America and Citigroup to scale back their involvement in SPAC deals.

AML / KYC

US Treasury Outlines Plans to Combat Illicit Finance

By Editors | 17/05/2022

Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.

Fintech / Regtech

TerraUSD Collapse Highlights Need for Stablecoin Regulation: Yellen

By Manesh Samtani | 12/05/2022

The world’s fourth largest stablecoin lost its peg this week, trading as low as 23 cents to the dollar on Wednesday.

Crypto / Digital Assets

SEC Thailand Proposes Stricter IT Security Rules for Capital Market

By Editors | 11/05/2022

The revised rules apply to securities and derivatives businesses, digital asset operators, clearinghouses, depositories, exchanges, digital token platforms, and crowdfunding platforms.

Fintech / Regtech

ASIC to Issue Derivatives Reporting Consultation Soon

By Manesh Samtani | 11/05/2022

ASIC’s Alex Orgaz-Barnier says APAC regulators are targeting a common implementation date and alignment to the greatest extent possible.

AML / KYC

US SEC, DOJ File Fraud Charges Over $62mn Crypto Fraud

By Editors | 10/05/2022

MCC International Corp and its founders were charged for selling fraudulent investment plans that promised daily returns from crypto mining and robotic trading.