United States

Enforcement

US Regulators Impose $135m Fine on Citigroup

By Nithya Subramanian | 11/07/2024

Federal Reserve and OCC penalise Citigroup for ongoing deficiencies in risk management and data governance.

Sanctions

US: Two Men Plead Guilty to Russia Export Control Violations

By Editors | 11/07/2024

The two men shipped US-manufactured dual-use electronics to Turkey, Hong Kong, India, China, and UAE before they were rerouted to Russia.

Enforcement

Archegos Founder Convicted of Fraud, Market Manipulation

By Nithya Subramanian | 11/07/2024

Bill Hwang was found guilty, and faces significant penalties following the 2021 collapse of his USD 36 billion investment firm.

AML / KYC

US DOJ Secures Guilty Plea from Crypto Exec for AML Failures

By Editors | 11/07/2024

Paxful co-founder Artur Schaback pleaded guilty for willfully failing to establish, develop, implement, and maintain an effective AML programme.

Sanctions

US Treasury Proposes to Expand Jurisdictional Reach of CFIUS

By Editors | 09/07/2024

The proposed rule adds 56 military installations to the list of installations around which CFIUS has jurisdiction.

Sanctions

US Working on Plan to Target Russian ‘Shadow Fleet’ Vessels

By Editors | 08/07/2024

The US is reportedly looking to impose specific penalties on Russian shadow fleet tankers but the effort has stalled.

Sanctions

Iran’s New President Seeks Lifting of Sanctions

By Editors | 08/07/2024

New President Masoud Pezeshkian has indicated Iran would seek greater engagement with the US and a revival of the JCPOA.

Enforcement

US Court Rejects Visa, Mastercard Antitrust Settlement

By Manesh Samtani | 04/07/2024

The court said Visa and Mastercard could withstand a “substantially greater judgment” than the $30bn settlement proposed in March.

ESG / Sustainability

Philippine SEC Approves Launch of First Blue Bonds

By Editors | 04/07/2024

The approval was granted to Maynilad Water Services, which plans to raise capital for projects that promote sustainable water management.