United States

Enforcement

US SEC, DOJ Settle Morgan Stanley Block Trading Probe

By Sanday Chongo Kabange | 15/01/2024

Morgan Stanley agreed to pay more than USD 249 million to settle fraud charges and for failing to enforce information barriers.

AML / KYC

NYDFS Announces $8m Settlement With Genesis Global Trading

By Editors | 15/01/2024

Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.

AML / KYC

Crypto Firms Lead Surge in AML Fines: Report

By Mark Johnston | 15/01/2024

Fenergo’s annual report reveals a 57 per cent surge in penalties for non-compliance with financial regulations in 2023.

Sanctions

US Sanctions HK, UAE Companies to Target Houthi Revenues

By Editors | 15/01/2024

OFAC also identified four vessels as blocked property for their involvement in shipping Iranian commodities on behalf of a Houthi financial facilitator.

Sanctions

Biden Administration Supports Confiscation of Russian Assets – Report

By Editors | 12/01/2024

There have been concerns that the seizure of Russian assets could taint the reputation of the US financial system and spark a flight from the dollar.

Sanctions

US Imposes Sanctions Targeting Transfer of DPRK Missiles to Russia

By Editors | 12/01/2024

Three Russian entities, one individual, and four aircraft were designated over the transfer of ballistic missiles to Russia for use against Ukraine.

Enforcement

Software Giant SAP to Pay Over $220m to Resolve FCPA Violations

By Editors | 12/01/2024

SAP paid bribes to government officials in South Africa, Indonesia, Malawi, Kenya, Tanzania, Ghana and Azerbaijan.

Crypto / Digital Assets

FINRA Report Describes Crypto-related Compliance Risks

By Mark Johnston | 12/01/2024

FINRA says member firms must notify it if they or their affiliates engage or plan to engage in crypto asset-related activities.

Crypto / Digital Assets

US SEC Approves Rule Changes Permitting Bitcoin ETFs

By Nithya Subramanian | 11/01/2024

The regulator has also announced investor protection requirements, adding that exchanges will have to adhere to rules to prevent fraud and manipulation.