United States

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    Enforcement

    US SEC Sets Up Interagency Securities Council to Combat Fraud

    By Nithya Subramanian | 22/07/2024

    The objective of the new council is to strengthen collaboration between federal, state, and local agencies to protect investors from fraud.

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    AML / KYC

    Singapore Says Jho Low Red Notice Remains in Effect

    By Nithya Subramanian | 22/07/2024

    Jho Low’s civil settlement with the US DOJ has “no bearing” on criminal investigations against him and his associates in Singapore.

    AML / KYC

    US Banking Regulators Propose to Update AML Requirements

    By Editors | 21/07/2024

    The Federal Reserve, FDIC, NCUA, and OCC said the amendments are intended to align with changes recently proposed by FinCEN.

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    Sanctions

    OFAC Sanctions Two Members of the ‘Cyber Army of Russia’

    By Editors | 21/07/2024

    Two Russian nationals separately pleaded guilty to participating in LockBit ransomware attacks, the DOJ announced separately.

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    Sanctions

    OFAC Announces More Sanctions Targeting Houthi Funding

    By Editors | 20/07/2024

    The targets include individuals and companies based in Indonesia, Malaysia, Singapore, China, and the UAE, along with five vessels.

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    Enforcement

    Ex-Goldman, Blackstone Analyst Sentenced for Insider Trading

    By Editors | 19/07/2024

    The former analyst passed MNPI to a friend and a family member who made a combined $400,000 in illegal profits.

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    Sanctions

    China, Russia Exploring New Ways to Address Payment Problems

    By Editors | 19/07/2024

    A Chinese official said financial institutions from the two countries are exploring the possibility of cooperating using the Mir payment system.

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    Crypto / Digital Assets

    Hong Kong Publishes Results from Stablecoin Consultation

    By Sanday Chongo Kabange | 18/07/2024

    Based on feedback, the FSTB and HKMA will prepare a bill to implement a regulatory regime for stablecoins and submit it to LegCo later this year.

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    Fintech / Regtech

    US Treasury Publishes Cloud Adoption Guidance for FIs

    By Editors | 18/07/2024

    The new set of documents are intended to arm FIs  of all sizes with effective practices for secure cloud adoption and operations.

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    Enforcement

    US Jails Man for Shipping Microelectronics to Russia via Hong Kong

    By Editors | 17/07/2024

    Russian national Maxim Marchenko procured dual-use military grade microelectronics for Russian end users using Hong Kong-based shell companies.

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