United States

Enforcement

US Charges Against Gautam Adani Have Had Extensive Impacts

By Manesh Samtani | 27/11/2024

Opposition parties demand parliamentary probe; Kenya cancels deals; Sri Lanka opens investigation; Global banks halting credit.

Sanctions

US Imposes New Controls on Exports to Pakistan

By Editors | 27/11/2024

The new controls are being imposed on six categories of items being sought by entities on the Entity List for “regional stability reasons”.

Sanctions

Hong Kong Has Become a Money Laundering Hub, US Lawmakers Say

By Editors | 27/11/2024

US lawmakers are calling for a re-evaluation of the treatment of Hong Kong banks, saying the city has become a hub for money laundering and sanctions evasion.

Big Picture

US Federal Reserve Governor Cautions Against Hasty AI Regulation

By Mark Johnston | 26/11/2024

Fed Governor Michelle Bowman cautions policymakers against hastily imposing strict AI regulations, as it could hinder banking innovation.

Enforcement

US Authorities Charge Former Co-CIO of WAMCO with Fraud

By Editors | 26/11/2024

Ken Leech disproportionally allocate winning trades to favoured portfolios and loss-making trades to disfavoured portfolios.

Market Infrastructure

NY Fed Starts Publishing SOFR With Revised Methodology

By Editors | 26/11/2024

The revised methodology removes transactions between affiliated institutions and mitigates the influence of “specials” transactions

Sanctions

US State Department “Taking Steps” to Sanction Hong Kong Officials

By Editors | 25/11/2024

The move is a response to the jailing of 45 pro-democracy advocates. China has vowed to take “firm countermeasures” if the sanctions come to pass.

Sanctions

OFAC Targets Russian Finance With Sweeping New Sanctions

By Editors | 24/11/2024

The sanctions target Gazprombank, over 50 other Russian banks, more than 40 Russian securities registrars, and 15 Russian finance officials.

Sanctions

Myanmar Groups Call for Sanctions on Myanma Economic Bank

By Editors | 23/11/2024

Civil society groups say state-owned Myanma Economic Bank is being used to circumvent sanctions and enable the military junta to access foreign currency.