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United States
Cybersecurity
US Treasury Workstations, Documents Accessed by Hackers – Reports
By Editors | 01/01/2025
Treasury told lawmakers the incident has been attributed to a “China state-sponsored Advanced Persistent Threat (APT) actor”
PEPs & Sanctions
US Sanctions Billionaire Founder of Georgia’s Ruling Party
By Editors | 31/12/2024
The US said Bidzina Ivanishvili and the Georgian Dream party have “eroded democratic institutions” and “enabled human rights abuses”
Anti-Money Laundering
PNG Agencies Launch New Anti-Money Laundering Task Force
By Editors | 31/12/2024
The task force is described as a “crucial step” in PNG’s efforts to combat financial crime and avoid being placed on the FATF’s grey list.
PEPs & Sanctions
US Commerce Dept Fines Materials Supplier for Exports to Russia
By Editors | 29/12/2024
Indium shipped solder materials used in electronics manufacturing to Russia on 11 occasions between April 2022 and March 2023
Anti-Money Laundering
OCC Issues Order Requiring BofA to Fix AML Deficiencies
By Editors | 28/12/2024
The order requires BofA to obtain OCC approval to launch new products or services that present high money laundering or sanctions risk.
PEPs & Sanctions
US Extends Sanctions on HK Officials for Five More Years
By Editors | 27/12/2024
The Hong Kong government said the sanctions will ultimately harm the interests of the US and its companies.
Capital Adequacy
US Fed Proposes Changes to Bank Stress Testing Framework
By Editors | 26/12/2024
Five US banking lobby groups filed a lawsuit a day later to force the Fed to increase transparency of its stress testing framework.
Structural Regulation
US Launches Probe Into Legacy Chips Made in China
By Editors | 26/12/2024
The probe will examine the impact of Chinese-made legacy chips used in everyday household goods and the defence industry.
KYC & CDD
Court Reinstates FinCEN’s Beneficial Ownership Reporting Rule
By Manesh Samtani | 25/12/2024
The Court lifted an injunction that reinstates a 1 January 2025 reporting deadline. FinCEN has extended the deadline to 13 January 2025.
Anti-Money Laundering
US SEC Fines Deutsche Bank Securities for Late SAR Filings
By Editors | 24/12/2024
The SEC said the firm took months or years to conduct or complete investigations prompted by law enforcement or regulatory requests.
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