United States

Fraud, Scams & Cybercrime

CFPB Fines Block Inc Over Cash App Security Lapses

By Nithya Subramanian | 17/01/2025

The CFPB has fined Block for allowing fraud to proliferate and closing cases of reported fraud without even opening a legally required investigation.

PEPs & Sanctions

US State Dept Publishes Strategy for Countering Wrongful Detentions

By Editors | 16/01/2025

Part of the strategy is the implementation of EO 14078, which authorises sanctions on individuals or entities responsible for or complicit in a wrongful detention.

Cryptocurrency

US Supreme Court Denies Binance Petition on Securities Law Applicability

By Mark Johnston | 16/01/2025

The US Supreme Court has rejected a request to review whether US securities laws apply to Binance, which doesn’t have a physical location

Anti-Money Laundering

US Fines Crypto Firm BitMEX $100m for AML Violations

By Nithya Subramanian | 16/01/2025

The Justice Department said the penalty sends a clear message that companies which violate AML and KYC rules will face strict consequences.

Conduct, Culture & Accountability

Zambia Sanctions StanChart for Mis-selling China Property Bond

By Mark Johnston | 16/01/2025

Zambia’s SEC said Standard Chartered failed to disclose material information and used contract clauses which placed all responsibility for risk on clients

Cryptocurrency

US Appeals Court Orders SEC to Explain Denial of Coinbase Petition

By Thisanka Siripala | 15/01/2025

The court said the SEC must provide a more complete explanation for its decision but did not order it to undertake a rulemaking process

Structural Regulation

Philippine SEC Directs Listed Firms to Disclose Auditor Fees

By Sanday Chongo Kabange | 15/01/2025

Listed firms must disclose the fees paid to external auditors in their annual financial statements for the period ending 31 December 2024, and thereafter.

Trading & Investment

SEC and ThaiBMA Release Updated Sample Bond Terms

By Editors | 14/01/2025

The revision reflects revised regulations on the issuance and offering of bonds and measure to enhance the effectiveness of the bondholders’ representative

PEPs & Sanctions

OFAC, OFSI Publish MOU on Sanctions Cooperation

By Manesh Samtani | 14/01/2025

The MOU aims to foster greater alignment in sanctions enforcement by facilitating secure and collaborative information sharing.