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United States
Crypto / Digital Assets
DTCC to Build Infrastructure to Support Adoption of Digital Assets
By Mark Johnston | 20/10/2023
DTCC is acquiring digital asset technology provider Securrency; will offer new blockchain-based products and “unlock the power of institutional DeFi”.
Enforcement
NYAG Sues Crypto Firms Gemini, Genesis, DCG for Fraud
By Manesh Samtani | 20/10/2023
“Gemini hid the risks of investing with Genesis, and Genesis lied to the public about its losses,” said AG Letitia James. The lawsuit says 230,000 investors lost more than $1bn.
AML / KYC
FinCEN to Require FIs to Report Transactions Involving Crypto Mixers
By Editors | 19/10/2023
FIs would have to report information about transactions they know or suspect could involve crypto mixing, whether in the US or in another jurisdiction.
Sanctions
US & Allies Reimpose Iran Sanctions Following UNSCR Expiry
By Manesh Samtani | 19/10/2023
A 2015 UN Security Council resolution targeting Iran’s ballistic missile, nuclear, and drone programmes has expired.
Sanctions
OFAC Sanctions Hamas Operatives, Financial Facilitators
By Editors | 18/10/2023
OFAC is targeting Hamas members managing a “secret” investment portfolio, a Qatar-based financial facilitator, and a Gaza-based crypto exchange.
Sanctions
US Tightens Export Controls on Advanced Computing Chips
By Editors | 18/10/2023
The Commerce Department said changes are needed to maintain the effectiveness of the export controls imposed in October 2022 and close loopholes.
Crypto / Digital Assets
California Governor Approves Digital Financial Assets Law
By Editors | 18/10/2023
The law grants California’s DFPI the authority to develop a regulatory framework for crypto activities in the state.
Securities / Derivatives
DSB Launches UPI Service, a Milestone for Derivatives Markets
By Manesh Samtani | 18/10/2023
The US, EU, UK, Australia and Singapore will all start requiring UPI reporting for OTC derivatives transactions in 2024.
Securities / Derivatives
US SEC Publishes 2024 Examination Priorities Report
By Editors | 17/10/2023
Focus areas will include crypto-related securities, automated investment tools, artificial intelligence, trading algorithms, and investment adviser conduct.
Capital / Liquidity
Thai SEC Developing Stress Test for Capital Market Participants
By Mark Johnston | 17/10/2023
The SEC is collaborating with securities firms and asset managers to develop a stress test to assess risks and vulnerabilities in the industry.
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