ENFORCEMENT

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    Enforcement

    US Prosecutors Charge FTX Founder for FCPA Violation

    By Editors | 29/03/2023

    Sam Bankman-Fried allegedly bribed at least one Chinese official to secure the release of $1bn in frozen assets.

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    Capital / Liquidity

    FINMA May Discipline Credit Suisse Managers

    By Editors | 29/03/2023

    FINMA president Marlene Amstad said Credit Suisse had a cultural problem and made numerous mistakes over several years.

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    Capital / Liquidity

    Fed, FDIC Probe Adequacy of Oversight at Collapsed Banks

    By Manesh Samtani | 29/03/2023

    Fed review of SVB will consider supervisory failures. FDIC is investigating misconduct by bank directors, officers, and other parties.

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    AML / KYC

    CFTC Alleges Binance is Operating in the US Illegally

    By Editors | 28/03/2023

    The CFTC says Binance’s US activities were subject to registration and regulatory requirements but that key executives deliberately disregarded these requirements.

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    Enforcement

    US DOJ Arrests and Charges Founder of Hacker Forum

    By Editors | 25/03/2023

    BreachForums is one of the world’s largest marketplaces for hacked and stolen data and other contraband.

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    Enforcement

    ESMA Fines S&P Global Ratings for Breaching CRA Rules

    By Mark Johnston | 24/03/2023

    S&P prematurely published credit ratings before securities were issued, failed to disclose decisions for discontinuing some credit ratings, and took too long to correct factual errors in reported data.

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    AML / KYC

    Credit Suisse, UBS Under US Sanctions Probe – Report

    By Editors | 24/03/2023

    Credit Suisse and UBS were included in a wave of subpoenas sent out by the DOJ before their merger agreement was announced.

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    Crypto / Digital Assets

    UPDATED – Terraform Labs Founder Do Kwon Arrested and Charged

    By Editors | 24/03/2023

    Do Kwon was arrested in Montenegro. SDNY prosecutors released an indictment and will seek his extradition to the US.

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    Crypto / Digital Assets

    US SEC Warns Coinbase of Impending Enforcement Action

    By Manesh Samtani | 24/03/2023

    Coinbase met with the SEC 30 times over 9 months and spent millions of dollars trying to help it create a registration path for crypto exchanges.

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    Enforcement

    Australia: Ex-Tesla Director Sentenced for Insider Trading

    By Editors | 23/03/2023

    Tesla’s Australia director used confidential information to profit from buying and selling Piedmont Lithium shares on the ASX.

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