United States

Enforcement

FINRA Issues First Fine Over Use of Social Media Influencers

By Editors | 23/03/2024

FINRA said M1 Finance did not review or approve the content in influencers’ posts or have written procedures in place for supervising those communications.

Sanctions

India Stops Accepting Oil from Sanctioned Russian Vessels

By Editors | 22/03/2024

Private and state-run refiners in India have stopped accepting cargoes from vessels owned by Sovcomflot, which was sanctioned by the US last month.

Sanctions

Armenian Banks Stop Accepting Russian Mir Cards – Reports

By Editors | 22/03/2024

The Union of Armenian Banks attributed the decisions to the risk of secondary sanctions from the US.

Uncategorised

US SEC Facing Industry Lawsuit Over Dealer Rule

By Editors | 22/03/2024

AIMA and others say the SEC does not have statutory authority to change the definition of “dealer” and did not take into account economic consequences when adopting the rule.

Crypto / Digital Assets

US SEC Seeking Information About Ethereum Foundation – Reports

By Editors | 22/03/2024

The SEC has issued subpoenas to companies asking about their dealings with the foundation, purportedly in relation to the possible classification of Ethereum as a security.

Sanctions

US, Türkiye Agree on New ‘Sanctions Compliance Scheme’

By Editors | 22/03/2024

Under the new scheme, the US will allow Turkish authorities to first investigate potential sanctions violations before action is taken against Turkish companies.

Sanctions

More Chinese Banks Stop Accepting Russian Payments – Reports

By Editors | 22/03/2024

Ping An Bank, Bank of Ningbo, Guangfa Bank and Shenzhen Rural Commercial Bank are among those that have all stopped accepting yuan payments from Russia.

Sanctions

US Pressure Forces Austria’s Raiffeisen to Back Out of Russia Deal

By Editors | 22/03/2024

The deal would have helped to reduce Raiffeisen Bank’s exposure to Russia, but it would have involved a transaction with a sanctioned Russian oligarch.

Sanctions

OFAC Sanctions Nicaragua’s Attorney General for Corrupt Practices

By Editors | 21/03/2024

OFAC said Nicaragua’s Attorney General facilitated the theft of real property formerly belonging to independent media outlets, NGOs, and political prisoners.