Enforcement

Former CEO of Celsius Network Pleads Guilty on Fraud Charges

04/12/2024

Alex Mashinsky misled investors about the financial condition of Celsius and used customer funds to manipulate the value of a digital token the company issued.

Sanctions

US Sanctions 14 Entities, 21 ‘Shadow Fleet’ Vessels Used by Iran

04/12/2024

The vessels targeted mostly have Panama or Cook Islands flags. The entities targeted are based in China, India, Hong Kong, and six other countries.

Sanctions

OFAC Announces Magnitsky Sanctions Targeting Former Uzbekistan Officials

04/12/2024

The three former officials were involved in human trafficking and physical and sexual violence against children at a state-run orphanage.

AML / KYC

UK FCA Finalises Updates to Financial Crime Guide

04/12/2024

The financial crime guide is updated to provide additional guidance on sanctions, proliferation financing, transaction monitoring and cryptoassets.

Market Infrastructure

US SEC Approves First ‘Around the Clock’ Stock Exchange

03/12/2024

The SEC will allow 24X National Exchange to start offering US daytime trading and later add overnight trading if certain requirements are met.

Crypto / Digital Assets

Permissionless Blockchains Can Enhance Traditional Financial Services

03/12/2024

European Commission report says public permissionless blockchains represent a promising alternative to permissioned platforms.

Enforcement

SEC Settles ICBC Recordkeeping Charges from 2023 Cyber Incident

03/12/2024

ICBC failed to keep its books and records current for almost four months following the November 2023 ransomware attack. No penalty was imposed.

Enforcement

Former CEO Pleads Guilty to Violating US Export Controls

03/12/2024

The former CEO of a freight forwarding company made over 1,000 shipments to Chinese companies on the Entity List that were dealing with North Korea.

Fintech / Regtech

India: RBIH Wants Banks to Use AI to Detect Mule Accounts

03/12/2024

The Reserve Bank Innovation Hub is reportedly in talks with ten public and private banks about adopting its “Mulehunter.Ai” tool to identify mule accounts.