United States

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    Crypto / Digital Assets

    US Court Jails Operator of Darknet Cryptocurrency Mixer ‘Helix’

    By Nithya Subramanian | 21/11/2024

    Helix was popular among online drug dealers to launder their illicit proceeds, processing $300m in cryptocurrency transactions between 2014 and 2017.

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    Enforcement

    US Finalises Rule to Expand Enforcement Authorities of CFIUS

    By Editors | 20/11/2024

    The final rule increases penalties for violations and expands the types of information CFIUS can demand from transacting parties and third parties.

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    Crypto / Digital Assets

    Nasdaq Launches Options Trading on BlackRock’s Bitcoin ETF

    By Editors | 20/11/2024

    On the first day of trading, the options contract saw a record-breaking $1.9bn in notional exposure and drove Bitcoin to an all-time high.

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    Enforcement

    US Agencies Probe AML Policies and Systems at Citi – Reports

    By Editors | 20/11/2024

    The probe centres on Citigroup’s work for Heritage Trust, which holds assets owned by a sanctioned Russian billionaire.

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    Enforcement

    US Authorities Penalise BIT Mining Over Japan Bribery Scheme

    By Mark Johnston | 20/11/2024

    The bribery scheme was aimed at influencing Japanese officials in an attempt to establish an integrated resort casino in Japan.

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    Sanctions

    OFAC Sanctions Israeli Group Over West Bank Violence

    By Editors | 20/11/2024

    Amana is the largest entity targeted with US sanctions for violence in the occupied West Bank by Israeli settlers.

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    AML / KYC

    US Court Jails Bitfinex Hacker for Laundering Stolen Bitcoin

    By Nithya Subramanian | 19/11/2024

    Ilya Lichtenstein was sentenced to five years in prison and his wife to 18 months for their roles in the 2016 Bitfinex hack.

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    Sanctions

    OFAC Targets Syrian Group Funding Iran’s Quds Force, Houthis

    By Editors | 18/11/2024

    OFAC sanctions target 13 vessels and companies in Lebanon, Panama, Iran, and the Marshall Islands that own or manage the vessels.

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    Sanctions

    OFAC Penalises MetLife Subsidiary for Violating Iran Sanctions

    By Editors | 18/11/2024

    The insurer issued group medical and life insurance policies, collected premiums, and paid claims to schools and entities in the UAE and owned by Iran’s government.

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    Capital / Liquidity

    IAIS Approved Final Version of Insurance Capital Standard

    By Editors | 17/11/2024

    The ICS aims to provide a globally comparable risk-based measure of capital adequacy of internationally active insurance groups.

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