United States

Securities / Derivatives

Thailand Revises Rules on Short Selling, Algorithmic Trading

By Sanday Chongo Kabange | 26/06/2024

The revised rules introduce the uptick rule and a registration requirement for HFT investors, among other measures, effective from 1 July.

US Teasury Proposes Rules to Curb Investment in Chinese Tech

By Editors | 25/06/2024

The proposed rules prohibit US investment in certain technologies and products, and require notification for certain other transactions.

Securities / Derivatives

Nasdaq Scrutinising IPO Applicants from China, Hong Kong

By Mark Johnston | 25/06/2024

Nasdaq officials have reportedly been inquiring into the identities and independence of pre-IPO investors of Chinese and Hong Kong companies seeking to list in the US.

Capital / Liquidity

US Regulators Identify Shortcomings in Bank Resolution Plans

By Editors | 25/06/2024

BofA, Goldman, JPMorgan and Citi are required to address the identified shortcomings in their next resolution plans, due by 1 July 2025.

Sanctions

OFAC Sanctions 12 Execs of Cybersecurity Firm Kaspersky Lab

By Editors | 22/06/2024

Kaspersky products, services, and software updates will also be banned in the US starting from 29 September due to the company’s Russian ties.

AML / KYC

FinCEN Issues Advisory to Aid Detection of Fentanyl Trafficking

By Editors | 21/06/2024

The advisory says FIs should look out for counterparties that are chemical or pharmaceutical companies in China, Hong Kong, or other jurisdictions, especially if they use shared addresses.

AML / KYC

US Uncovers Drug Cartel Alliance With Chinese Money Launderers

By Editors | 19/06/2024

US authorities uncovered a partnership between Mexico’s Sinaloa Cartel and a Chinese underground money laundering syndicate.

Enforcement

CFTC Settles Charges Against Trafigura for $55m

By Manesh Samtani | 18/06/2024

This is the first time the CFTC has taken action against a firm for impeding whistleblower communications, a move being criticised by two commissioners.

Enforcement

‘Gemini Earn’ Investors Secure Full Recovery of Crypto Assets

By Editors | 18/06/2024

The NYAG’s claims against Gemini are now fully resolved, with Gemini Earn users receiving full recovery of the digital assets owed to them.