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United States
Sanctions
US Sanctions Four Israelis for Violence on Palestinians
By Manesh Samtani | 01/02/2024
These are the first sanctions targeting Israeli citizens. FinCEN also issued an alert to help FIs identify activity that finances violence against Palestinians in the West Bank.
Sanctions
US Marks 3rd Anniversary of Myanmar Coup With Sanctions
By Editors | 01/02/2024
A holding company and shipping company were targeted for supporting the military regime’s activities against civilians and its arms production.
AML / KYC
US Court Sentences Lawyer for “OneCoin” Fraud to 20 Years
By Editors | 01/02/2024
Mark Scott, formerly an equity partner at international law firm Locke Lord LLP, laundered $400mn of proceeds from the OneCoin fraud scheme.
AML / KYC
Australia-US Agreement on Electronic Data Access Comes Into Force
By Editors | 01/02/2024
The agreement will better enable US and Australian agencies to prevent, detect, investigate, and prosecute serious crimes.
Crypto / Digital Assets
Crypto Lender Celsius Network Emerges from Bankruptcy
By Editors | 31/01/2024
Celsius, which filed for bankruptcy in July 2022, has commenced distributions of over $3bn of crypto and fiat to creditors.
Enforcement
NYAG Sues Citi for Failing to Protect Customers from Fraud
By Editors | 31/01/2024
NYAG says Citi does not implement strong anti-fraud defences, misleads account holders about their rights, and illegally refuses to reimburse fraud victims.
Sanctions
OFAC Sanctions Egypt, Turkey Nationals for Supporting ISIS
By Editors | 31/01/2024
Two Egyptian nationals created an online platform that provided instructions on donating funds to ISIS-affiliated entities.
Market Infrastructure
Mainland, HK Can Mutually Recognise Court Judgments
By Editors | 30/01/2024
The new arrangement will make it easier to resolve civil and commercial disputes involving cross-border elements.
Sanctions
US, UK Target Iranian Assassinations Network With Sanctions
By Editors | 30/01/2024
The sanctioned individuals carried out “numerous acts of transnational repression including assassinations and kidnappings across multiple jurisdictions”.
Fintech / Regtech
CFTC Consults on AI Uses and Risks in Derivatives Markets
By Editors | 30/01/2024
Responses will inform analysis on whether the CFTC should issue guidance or regulations on the use of AI in derivatives markets.
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