United States

Crypto / Digital Assets

CFTC Offers Policy Recommendations to Address DeFi Risks

By Manesh Samtani | 09/01/2024

The report calls on the government and industry to work together to better understand DeFi and “advance its responsible and compliant development”.

Crypto / Digital Assets

HK Spot Crypto ETFs to Drive Collaboration with TradFI Firms

By Nithya Subramanian | 09/01/2024

With regulatory safeguards in place, the success of crypto ETFs hinges on institutional interest tied to market conditions, including crypto valuations.

Big Picture

Early Testing Will Be Key to Derivatives Reporting Compliance

By Manesh Samtani | 04/01/2024

DTCC’s Chris Childs and Priya Kundamal say there is no replacement for early testing to ensure data and reporting systems are fit for purpose.

AML / KYC

FinCEN Launches Beneficial Ownership Information Registry

By Nithya Subramanian | 03/01/2024

Existing companies have one year to lodge their beneficial ownership information while new companies have 90 days from registration.

Crypto / Digital Assets

US Prosecutors Will Not Pursue Second Trial for FTX Founder

By Nithya Subramanian | 02/01/2024

The DOJ said a second trial to address additional charges against Sam Bankman-Fried would delay sentencing and provide no benefit to victims.

ESG / Sustainability

NYDFS Finalises Guidance on Climate Risk Management

By Manesh Samtani | 27/12/2023

NYDFS has finalised the guidance but plans to first collect information from regulated organisations before establishing any concrete implementation timelines.

Sanctions

China Sanctions Data Provider Kharon and Two Employees in Response to US Sanctions

By Editors | 26/12/2023

China’s Ministry of Foreign Affairs announced sanctions against US-based Kharon and two researchers under the Anti-Foreign Sanctions Law in response to US human rights sanctions.

Enforcement

Singapore Announces Criminal Charges Over DPRK Gasoil Sales

By Editors | 26/12/2023

Defendants are accused of shipping gasoil to North Korea in violation of UN sanctions via the MT Courageous, an oil tanker seized by the US in 2021.

Sanctions

US Threatens Foreign Banks with Sanctions over Russia Transactions

By Editors | 23/12/2023

New executive order authorises OFAC to sanction non-US banks for facilitating certain Russian transactions as US imposes new restrictions on Russian seafood and gold imports.