United States

Fraud, Scams & Cybercrime

New FinCEN Alert Offers Guidance on Detecting AI Deepfakes

By Editors | 15/11/2024

The alert explains typologies and provides red flag indicators to assist in identifying fraud schemes that leverage deepfake media created with GenAI tools.

Anti-Bribery & Corruption

US Files Lawsuit to Recover Crypto Linked to FTX Bribery

By Nithya Subramanian | 14/11/2024

Prosecutors are suing to obtain cryptocurrency in an account allegedly connected to bribes paid to Chinese officials before FTX collapsed.

Fraud, Scams & Cybercrime

FTX Sues Binance to Recover $1.8b in Alleged Fraudulent Transfers

By Nithya Subramanian | 14/11/2024

FTX has filed a lawsuit against Binance and its former CEO, Changpeng Zhao, seeking to reclaim $1.8bn from a 2021 share buyback deal.

PEPs & Sanctions

OFAC Probes UBS for Russia Risk from Credit Suisse Takeover

By Editors | 13/11/2024

OFAC is reportedly seeking information from UBS about the Russian clients the bank took on when it bought Credit Suisse in March 2023.

Supervision & Enforcement

US PCAOB Revokes Registration of China-based Accounting Firm

By Editors | 13/11/2024

The Shenzhen-based CPA firm was censured and had its registration revoked over reporting failures and failure to cooperate with an investigation.

PEPs & Sanctions

Sanctions Landscape Expected to Shift Under Trump Presidency

By Manesh Samtani | 11/11/2024

President-elect Donald Trump is expected to take a stronger stance against Iran, and to try to use sanctions to negotiate an end to the Russia-Ukraine war.

Reporting & Disclosures

US SEC Fines Invesco $17.5m over Misleading ESG Claims

By ESG Investor | 09/11/2024

Invesco Advisers was charged for making misleading statements about the percentage of company-wide AUM that integrated ESG factors in investment decisions.

PEPs & Sanctions

US DOJ Charges Freight Forwarder for Evasion of Russia Export Controls

By Editors | 09/11/2024

Eleview International and two senior executives transshipped dual-use and other “high priority” items to Russia via Turkey, Finland, and Kazakhstan.

Cryptocurrency

Major Japanese FIs Call on FSA to Allow Crypto ETFs

By Thisanka Siripala | 07/11/2024

MUFJ Trust Bank, Nomura, Daiwa Securities, and bitFlyer are among calling for the introduction of crypto ETFs in Japan to enhance its global competitiveness.