United States

AML / KYC

US Authorities Secure Multi-Billion Dollar Settlement from Binance

By Editors | 21/11/2023

Binance CEO Changpeng Zhao stepped down as part of the settlement with DOJ, FinCEN, OFAC and CFTC. SEC case not mentioned.

Enforcement

UK Reinsurance Brokers Settle FCPA Charges for Ecuador Bribes

By Mark Johnston | 21/11/2023

Tysers Insurance Brokers agreed to pay almost $47mn for bribing officials at Ecuadorian state-owned insurance companies.

Crypto / Digital Assets

SEC Charges Crypto Firm Kraken for Operating Without Registration

By Editors | 21/11/2023

The SEC said Kraken’s failure to register deprived investors of “significant protections” and “safeguards against conflicts of interest”.

Sanctions

US Adds Indian Firm to Entity List, Highlights Export Controls on Russia

By Editors | 20/11/2023

Commerce Department accuses the firm of supplying US-origin circuits to Russian defence companies, while also targeting firms supplying US-origin airline parts to Venezuela.

Enforcement

Ransomware Group Files SEC Complaint Against its Own Victim

By Mark Johnston | 20/11/2023

ALPHV/BlackCat attacked software company MeridianLink, then filed a complaint with the US SEC saying the company failed to disclose the attack.

Market Infrastructure

Xi Jinping Pledges to Further Open China Market to Foreign Firms

By Editors | 20/11/2023

During Xi’s visit to the US, the two sides agreed to cooperate on addressing AI risks, climate change, and fentanyl trafficking.

Market Infrastructure

ASX Picks TATA, Accenture To Deliver CHESS Replacement

By Sanday Chongo Kabange | 20/11/2023

ASX says it selected TCS and Accenture after extensive evaluation of potential solution options and product vendors.

Market Infrastructure

Asian Firms Must Tackle T+1 Long Before May

By Javier Hernani Burzaco | 19/11/2023

European and APAC firms that act quickly to prepare for T+1 settlement in North America would gain a competitive advantage, writes Javier Hernani Burzaco.

Enforcement

FDIC Faces Investigation Over Sexual Misconduct Allegations

By Editors | 19/11/2023

FDIC chair Martin Gruenberg, who headed the agency from 2011 to 2018, is under scrutiny for allowing widespread harassment to persist for over ten years.