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United States
Enforcement
US Authorities Charge Founder of Crypto Firm BitClout
By Editors | 31/07/2024
Nader Al-Naji faces civil and criminal charges for allegedly lying to investors and misappropriating investments for personal expenses and gifts.
AML / KYC
Fed Terminates Enforcement Action Against Silvergate Bank
By Editors | 31/07/2024
The enforcement action has been in effect since May 2023 to protect depositors. Silvergate has since completed its liquidation and wind-down plan and paid back depositors.
Securities / Derivatives
CFTC Expands Access to Foreign Futures for US Investors
By Editors | 30/07/2024
Commissioner Caroline Pham says US market participants will have more choice in brokers and broker arrangements to trade foreign futures.
AML / KYC
US Treasury Launches Amazon Initiative to Combat Nature Crimes
By Nithya Subramanian | 30/07/2024
The initiative will enable authorities in Amazon Basin countries to pursue money laundering investigations against illicit actors involved in nature crimes.
Fintech / Regtech
US Regulators Request Information from Banks on Fintech Partnerships
By Editors | 27/07/2024
The Fed, FDIC, and OCC asked banks to provide information on their arrangements with third party fintech firms and risk management practices.
Enforcement
OFAC Fines State Street for Sanctions Violations by Subsidiary
By Editors | 27/07/2024
Charles River Systems, acquired by State Street in 2018, redated and reissued invoices for Sberbank and VTB Bank subsidiaries to circumvent sanctions restrictions.
AML / KYC
US, UK, South Korea Warn of DPRK Espionage Campaign
By Editors | 26/07/2024
Joint advisory says North Korean hacker group ‘Andariel’ is a threat to entities in the US, UK, South Korea, Japan and India.
Sanctions
OFAC Sanctions DPRK Procurement Network Based in China
By Editors | 25/07/2024
The action imposes sanctions on China-based individuals and entities involved in the procurement of items used in the production of North Korean ballistic missiles.
Crypto / Digital Assets
US Exchanges Commence Trading in First Spot Ether ETFs
By Editors | 24/07/2024
Nine ETFs saw $1.07bn worth of shares traded on the first day, resulting in net inflows of around $106.7mn.
Fintech / Regtech
US, European Competition Regulators Sign AI Agreement
By Nithya Subramanian | 24/07/2024
Given the rapid growth of AI, authorities will work to ensure effective competition as well as fair and honest treatment of consumers and businesses.
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