United States

Crypto / Digital Assets

Fourth Former FTX Executive Pleads Guilty to US Charges

By Editors | 10/09/2023

The former co-chief of FTX Bahamas pleaded guilty to making unlawful political donations and operating an illegal money-transmitting business.

Crypto / Digital Assets

CFTC Commissioner Urges Creation of Crypto Regulatory Sandbox

By Manesh Samtani | 10/09/2023

CFTC commissioner Caroline Pham said creating a pilot programme will enable the safe exploration of innovations involving crypto, digital assets, and tokenisation.

Enforcement

US, UK Jointly Sanction Trickbot Ransomware Actors

By Editors | 08/09/2023

The US and UK sanctioned 11 members of the Russia-based cybercrime gang. The DOJ unsealed indictments against 9 individuals, including 7 of the sanctions targets.

ESG / Sustainability

SEC Philippines to Issue Revised Sustainability Reporting Guidelines

By Sanday Chongo Kabange | 08/09/2023

The SEC says the revised guidelines will take into account the IFRS S1 and S2 standards and ensure listed companies report sustainability information consistently.

Sanctions

Bangladesh Banks Directed to Stop Transacting With Myanmar State Banks

By Editors | 07/09/2023

Citing US sanctions, Bangladesh Bank instructed banks to stop transacting with Myanma Foreign Trade Bank and Myanma Investment and Commercial Bank.

Securities / Derivatives

Philippines Will Implement Short Selling Rules, Says Regulator

By Sanday Chongo Kabange | 07/09/2023

The SEC approved guidelines on short selling as early as 2018. It now says it is pushing to align its rules with major Asian markets.

Crypto / Digital Assets

FASB Votes to Adopt New Crypto Accounting Standard

By Manesh Samtani | 07/09/2023

Under the new rules, companies will be required to measure crypto assets using fair value accounting, instead of the existing cost-less-impairment model.

Sanctions

US, Korea, Japan Announce New DRPK Sanctions

By Editors | 01/09/2023

The three countries pledged to continue working together to counter North Korea’s destabilising activities, including weapons development and cyber attacks.

AML / KYC

Switzerland Proposes Strengthening of AML Framework

By Manesh Samtani | 31/08/2023

The proposed framework would enhance beneficial ownership transparency and make lawyers, consultants and accountants responsible for AML checks.