United States

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    Enforcement

    Boeing Fined $51m for Arms Export Control Violations

    By Editors | 04/03/2024

    Boeing is also required to engage a special compliance officer for at least two years and spend a further $24mn on strengthening its compliance programme.

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    Sanctions

    G7 Ban on Indirect Imports of Russian Diamonds Takes Effect

    By Editors | 03/03/2024

    The World Federation of Diamond Bourses says the ban on Russia-produced diamonds will also harm non-Russian manufacturers and traders.

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    Crypto / Digital Assets

    NYDFS Secures Return of $1.1bn to ‘Gemini Earn’ Investors

    By Editors | 01/03/2024

    Gemini Trust has committed to returning at least $1.1bn to customers who invested in its ‘Earn’ crypto lending programme.

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    US to Ban Certain Data Transfers to China, Russia

    By Editors | 29/02/2024

    Executive Order authorises actions to prevent the personal data of US citizens from being transferred to so-called “countries of concern”.

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    Sanctions

    Huawei Pay Stops Allowing UnionPay-linked Payments in Russia

    By Editors | 29/02/2024

    UnionPay cards linked to the Huawei Pay service are being refused in Russia due to US sanctions against the operator of the Mir payment system.

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    Market Infrastructure

    Philippine SEC Consults on Cyber Resilience Guidance

    By Sanday Chongo Kabange | 28/02/2024

    The SEC and PSE are consulting proposed guidance for regulated entities on establishing and maintaining a cyber resilience framework.

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    Sanctions

    US, UK Issue New Iran Sanctions Over Red Sea Attacks

    By Editors | 28/02/2024

    The US actions include sanctions on two Hong Kong companies that own vessels which ship Iranian commodities.

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    Sanctions

    Russia Closer to Allow Digital Assets in International Settlements

    By Editors | 28/02/2024

    Approval of draft legislation by Russian lawmakers comes amid threats that the US would sanction third-country FIs that facilitate trade with Russia.

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    Securities / Derivatives

    Philippine SEC Eases IPO Rules for Energy Firms

    By Sanday Chongo Kabange | 28/02/2024

    The SEC has simplified registration procedures for energy firms to offer and sell shares to the public.

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    Crypto / Digital Assets

    Crypto Firm Kraken Files Motion to Dismiss SEC Lawsuit

    By Mark Johnston | 27/02/2024

    Kraken argues that the SEC has no authority over its operations as the cryptocurrencies it offers are not securities or investment contracts.

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