Enforcement

Crypto / Digital Assets

CFTC Fines Uniswap for Offering Crypto Derivatives Without Registration

By Nithya Subramanian | 06/09/2024

The CFTC’s Ian McGinley said DeFi operators must be vigilant to ensure transactions comply with the law. Two commissioners dissented.

AML / KYC

HK Customs Announces Disciplinary Actions Against Four MSOs

By Editors | 06/09/2024

The MSOs failed to keep records of remittance transactions and to identify beneficial owners and PEPs, among other breaches of AML/CTF requirements.

Enforcement

Japanese Insurers Under Microscope for 2.5m Data Breaches

By Thisanka Siripala | 06/09/2024

Four insurance agencies found leaks of personal information by employees to try and win business and encourage customers to switch providers.

Enforcement

US Charges Six Hamas Leaders for Terrorism, Sanctions Evasion

By Editors | 06/09/2024

The DOJ said Hamas crypto fundraising efforts caused US persons to engage in transactions that violated US sanctions regulations.

Capital / Liquidity

UK PRA Orders HSBC to Review Data and Risk Practices – Report

By Nithya Subramanian | 05/09/2024

The regulator will reportedly require an independent expert review to evaluate four areas: model risk, risk data quality, traded risk, and credit risk.

Crypto / Digital Assets

North Korean Cyber Actors Targeting Crypto ETFs, FBI Warns

By Nithya Subramanian | 05/09/2024

The FBI has issued an advisory warning of advanced social engineering tactics being used by North Korean hackers to steal crypto assets.

Sanctions

US Sanctions Russian Individuals, Entities for Election Interference

By Editors | 05/09/2024

The DOJ also charged two employees of the Russian-backed media network RT for conspiring to commit money laundering.

AML / KYC

Indonesia Captures Former Philippine Mayor Charged for Money Laundering

By Editors | 05/09/2024

The former mayor Alice Guo fled the Philippines in July after she was accused of helping to set up an illegal online gambling and scam centre.

Capital / Liquidity

Korea FSS Requests Capital Plans from Four Savings Banks

By Editors | 04/09/2024

Four savings banks have seen their capital ratios fall below recommended minimums due to loan delinquencies and related provisions.