United States

Sanctions

US Government Tells Banks to Watch for Signs of Export Controls Evasion

By Editors | 07/11/2023

Latest BIS-FinCEN alert introduces a new filing code for suspicious activity reports related to suspected export controls evasion.

Enforcement

New OFAC Settlement Highlights Compliance for E-Commerce

By Editors | 07/11/2023

The US Treasury Department said a US-based online rewards company failed to identify transactions involving persons in Crimea, Cuba, Iran, and Syria.

Securities / Derivatives

CFTC to Allow Brokers Greater Flexibility to Invest Client Funds

By Editors | 06/11/2023

FCMs and DCOs will be able to invest client funds in foreign sovereign debt and certain short-term US Treasury ETFs.

Capital / Liquidity

FSOC Revamps Oversight Framework for Non-Bank Sector

By Editors | 06/11/2023

The changes will make it easier for the FSOC to designate a non-bank as systemically importance, and speed up its ability to respond to risks.

Sanctions

US Commerce Department Fines Manufacturer for Aiding Israeli Boycott

By Editors | 05/11/2023

The US-based manufacturer admitted to violating the US Antiboycott Regulations by certifying that shipments to the Middle East did not contain Israeli-origin goods.

Sanctions

US Sanctions Russian National for Laundering Funds for Wealthy Clients

By Editors | 05/11/2023

Ekaterina Zhdanova allegedly helped wealthy clients evade sanctions and move money internationally using crypto and other channels.

Sanctions

US Congress Proposes New Sanctions on HK Judiciary

By Editors | 05/11/2023

The proposed legislation would direct the US President to consider sanctioning 49 individuals involved in prosecuting National Security Law cases.

AML / KYC

US Jury Convicts FTX’s Sam Bankman-Fried on Fraud Charges

By Editors | 03/11/2023

Bankman-Fried faces up to 110 years in prison when he is sentenced in March. He also faces another trial for alleged foreign bribery and bank fraud conspiracies.

Sanctions

US Targets Entities in China, Turkey, UAE in Latest Round of Russia Sanctions

By Editors | 03/11/2023

US Treasury and State Departments sanction more than 200 targets in several countries, as US Commerce Department adds 13 Russian companies to its Entity List.