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United States
Crypto / Digital Assets
Cristiano Ronaldo Facing Class Action Over Binance Endorsement
By Editors | 04/12/2023
The $1bn lawsuit claims the endorsement led the plaintiffs to make loss-making investments, including in “CR7” branded NFTs.
Sanctions
US Lawmakers Call for Sanctions on Chinese Drone Maker
By Editors | 04/12/2023
Autel Robotics and its US subsidiary are engaged in a variety of sanctionable activities, a House of Representatives letter claims.
Enforcement
FINRA Fines BofA Securities for Spoofing in Treasury Markets
By Editors | 03/12/2023
FINRA said a former BofA Securities supervisor and junior trader conducted 717 spoof trades, and the firm’s systems were not able to detect such activity.
Sanctions
OFAC Sanctions More Companies, Vessels for Breaching Russia Oil Price Cap
By Editors | 03/12/2023
Latest sanctions target companies in the UAE and Liberia and three vessels in response to breaches of the G7 price cap on Russian oil.
Enforcement
US PCAOB Fines Chinese Audit Firm and PwC Units
By Editors | 01/12/2023
PwC’s Hong Kong and China units were fined a combined $7mn for failing to prevent exam cheating by over 1,000 individuals between 2018 and 2020.
Sanctions
OFAC Sanctions Individuals Linked to Mexican Timeshare Frauds
By Editors | 01/12/2023
OFAC says the newly sanctioned individuals and entities are linked to timeshare frauds led by a Mexican drug cartel.
Crypto / Digital Assets
US Treasury Lobbies for Powers to Pursue Foreign Crypto Firms
By Editors | 30/11/2023
Deputy Secretary Wally Adeyemo said Treasury is calling for legislation authorising OFAC to exercise extraterritorial jurisdiction over transactions in USD-pegged stablecoins.
Securities / Derivatives
UK Court Rules That LME Nickel Trade Cancellations Were Lawful
By Editors | 30/11/2023
The court ruling supports the LME’s argument that its actions in March 2022 were necessary to prevent a potential market collapse.
Sanctions
OFAC Sanctions Hong Kong, Singapore Companies for Iran Trade
By Editors | 30/11/2023
Sanctions target more than 20 individuals and entities accused of facilitating Iranian defence sector through companies in Hong Kong, Singapore, and elsewhere.
Crypto / Digital Assets
Crypto Firm Zipmex Suspends Operations Due to Capital Shortfall
By Editors | 29/11/2023
Thailand’s laws require digital assets businesses to suspend business operations if they are unable to maintain the net liquid capital requirement.
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