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United States
Enforcement
US SEC Settles Charges Against China-Based Firm With No Penalty
By Sanday Chongo Kabange | 07/02/2024
The firm self-reported its violations, provided “substantial cooperation” to SEC staff, and undertook prompt remedial measures.
Enforcement
US Unseals Charges Against Iranian Oil Trafficking Network
By Editors | 05/02/2024
Nine individuals were charged over the illicit sale of Iranian oil to government-linked buyers in Russia, Syria and China.
Sanctions
OFAC Sanctions Four HK Entities for Supporting Iran
By Editors | 05/02/2024
Three of the Hong Kong companies operated as “covert procurement entities” for Iran’s weapons programmes. The fourth sold Iranian commodities to benefit Iran.
Sanctions
Oil Price Cap Coalition Issues Alert on Evasion Methods
By Editors | 04/02/2024
The alert includes an overview of key oil price cap evasion methods as well as recommendations for identifying them.
Crypto / Digital Assets
Crypto lender Genesis Agrees to $21m Settlement with US SEC
By Editors | 04/02/2024
Genesis will only have to pay the fine if it can fully repay customers and other claims in its bankruptcy, including general unsecured claims.
Sanctions
OFAC Sanctions Iranians Over Cyber Attacks on US Water Plants
By Editors | 03/02/2024
No critical services were disrupted in the attacks, but OFAC said the US is “deeply concerned” about attacks that target critical infrastructures.
AML / KYC
US DOJ Unseals More Charges in BTC-e Case
By Editors | 03/02/2024
Aliaksandr Klimenka faces 25 years in prison for operating unlicensed money services business and laundering criminal proceeds.
Enforcement
US OCC Fines RBC’s US Unit Over Risk Management Deficiencies
By Editors | 03/02/2024
A cease-and-desist order requires the bank to take “broad and comprehensive corrective actions” to improve its strategic planning and internal controls.
Securities / Derivatives
US Fed Tightens Policy on Personal Investments by Staff
By Editors | 02/02/2024
Under the new policy, staff can be directed to submit brokerage and transaction statements to verify financial disclosure accuracy.
AML / KYC
Binance Faces Lawsuit from Hamas Victims for Facilitating Terrorism
By Editors | 02/02/2024
The lawsuit, which alleges that Binance enabled Hamas to finance the 7 October attacks, also names Iran and Syria as defendants.
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