Crypto / Digital Assets

US Court Jails Bulgarian National Over “OneCoin” Fraud

06/04/2024

Irina Dilkinska assisted in running OneCoin’s day-to-day operations and laundered fraudulently obtained proceeds to the Cayman Islands.

Capital / Liquidity

China Relaxes Loan Rules to Boost Auto Consumption

06/04/2024

Financial institutions can extend loans for new vehicles with no down payment, depending on the buyer’s creditworthiness.

ESG / Sustainability

US SEC Pauses Implementation of New Climate Disclosure Rules

06/04/2024

The SEC issued an order to stay the new climate-related disclosure rules pending the resolution of six cases challenging their validity.

Enforcement

Two Men Admit to Conspiracy to Export Aircraft Parts to Russia

05/04/2024

The two Russian nationals falsely claimed the parts were intended for countries other than Russia. US authorities stopped multiple shipments.

Sanctions

OFAC Sanctions 13 Vessels Over Iran Commodity Shipments

05/04/2024

The vessels, operated by UAE-based Oceanlink Maritime DMCC, are “deeply involved in the shipment of Iranian commodities”.

Crypto / Digital Assets

Ripple Announces Plans to Issue USD-backed Stablecoin

05/04/2024

Ripple said its reserve assets will be audited by a third-party accounting firm and that it will publish monthly attestations.

Securities / Derivatives

IOSCO Proposes Guidance on Supervision of Exchanges

05/04/2024

The consultation report provides guidance on supervising exchanges that provide multiple services or are part of a larger group.

Crypto / Digital Assets

ECB Announces Participants for Upcoming DLT Settlement Trials

05/04/2024

The first wave of trials will involve ten market participants, six market DLT operators, and five central banks.

Enforcement

US SEC Fines Another Investment Adviser Over Text Messaging

04/04/2024

Senvest Management was fined $6.5mn for failing to preserve business communications that took place on personal devices and messaging apps.