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United States
Crypto / Digital Assets
NYAG Announces $22m Settlement With Crypto Firm KuCoin
By Editors | 13/12/2023
KuCoin is required to refund more than USD 16.7 million to New York investors and pay more than USD 5.3 million to the state.
Sanctions
Chinese Firms Among More Than 150 Sanctioned by OFAC for Russia Exports
By Editors | 12/12/2023
Latest OFAC action targets individuals and companies in several countries, including China, Singapore, Türkiye, and the UAE, for exporting to Russia’s military-industrial base.
Sanctions
Shipping Companies Warned of Red Flags in New US Sanctions Guidance
By Editors | 12/12/2023
Five US agencies team up to issue guidance for shipping and logistics firms as US government continues crackdown on sanctions and export control evasion.
Fintech / Regtech
Thailand SEC Unveils 2024-2026 Strategic Plan
By Editors | 12/12/2023
The plan seeks to boost trust in the capital market, promote the sustainable finance and digital asset ecosystems, and enhance supervisory and enforcement processes.
US Regulator Issues New Guidance on BNPL Lending
By Mark Johnston | 12/12/2023
The OCC sets out risk management principles and compliance expectations for banks that offer BNPL loans to consumers.
Enforcement
Binance’s CZ Zhao Now Required to Remain in US Until Sentencing
By Editors | 11/12/2023
Initially, a magistrate judge appeared to be allowing Zhao to leave the US until his sentencing hearing in February. A district court judge has reversed this ruling.
Sanctions
US, UK, Canada Announce Coordinated Human Rights Sanctions
By Editors | 11/12/2023
The US targeted individuals across nine countries; the UK sanctions included targets involved in forced ‘scam farm’ labour in Cambodia, Laos and Myanmar.
Securities / Derivatives
Thai SEC to Update Rules for Bond Issuance by Foreign Firms
By Editors | 10/12/2023
Foreign businesses will only be permitted to issue baht-denominated debt in Thailand if they are rated at least investment grade by an international credit rating agency.
Enforcement
OFAC Announces Settlement with Nasdaq for Sanctions Violations
By Editors | 10/12/2023
Nasdaq’s Armenian subsidiary committed 151 apparent violations of sanctions on Iran before the violations were self-reported in 2014.
ESG / Sustainability
Philippine SEC Launches Framework for Blue Bond Issuance
By Editors | 10/12/2023
SEC chairperson Emilio Aquino described the launch of the blue bond framework as a “giant leap” toward fostering a sustainable blue economy.
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