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United States
Enforcement
Ex-FBI Agent Jailed for Helping Sanctioned Russian Oligarch
By Editors | 18/12/2023
Former FBI agent Charles McGonigal conspired to violate US sanctions and commit money laundering to help sanctioned Russian oligarch Oleg Deripaska.
Crypto / Digital Assets
US SEC Denies Coinbase Rule-making Petition
By Editors | 17/12/2023
SEC Chair Gary Gensler said the existing securities regime already appropriately governs crypto asset securities.
AML / KYC
India, US Pledge to Cooperate on Global Illicit Finance Risks
By Editors | 17/12/2023
Key topics of the joint India-US AML/CFT Dialogue were virtual assets, sanctions implementation, and beneficial ownership transparency.
Sanctions
UK Inaugurates New Iran Sanctions Regime with Joint UK-US Action
By Editors | 16/12/2023
US and UK governments announce joint sanctions against eight individuals as UK’s new Iran sanctions regulations come into force.
AML / KYC
US Congress Passes Foreign Extortion Prevention Act
By Editors | 15/12/2023
The Act prohibits foreign government officials from soliciting or receiving bribes from any person or company under US jurisdiction.
Securities / Derivatives
US SEC Adopts New Clearing Rules for Treasury Market
By Editors | 14/12/2023
The rule changes, designed to reduce the potential for systemic risk, will require more Treasury market trades to be centrally cleared.
Sanctions
US and UK Announce New Round of Sanctions on Hamas Leadership
By Editors | 14/12/2023
The coordinated US and UK asset freezes and travel bans target Hamas leaders and financiers throughout the Middle East.
Enforcement
Crypto Exchange Pays OFAC USD 1.2 Million to Settle Crimea Violations
By Editors | 14/12/2023
US-based CoinList Markets processed 989 transactions on behalf of users in the Crimea region in violation of OFAC sanctions regulations.
Securities / Derivatives
Philippines Lists Maiden Sukuk Issuance on Nasdaq Dubai
By Nithya Subramanian | 13/12/2023
Benjamin Diokno said the enhances the Philippine Islamic finance market and strengthens economic ties with the Middle East.
Market Infrastructure
Taiwan Consults US Experts to Protect Banks from Cyberattacks
By Nithya Subramanian | 13/12/2023
Though 55 percent of APAC’s malicious cyberthreats targeted Taiwan this year, it has “near-zero capability” to defend itself.
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