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United States
Sanctions
New Zealand Joins US, UK in Sanctions over Treatment of Ukrainian Children
By Editors | 27/08/2023
The New Zealand and US sanctions coincided with Ukrainian Independence Day on 24 August.
Enforcement
US Banks Agree to Settle Stock Lending Lawsuit for $500m
By Editors | 25/08/2023
Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS denied wrongdoing but agreed to settle the lawsuit to avoid further litigation.
Sanctions
US Commerce Dept Removes 27 Chinese Companies from “Unverified List”
By Editors | 25/08/2023
The Unverified List is part of the US Export Administration Regulations. A company may be placed on the list when certain information about it cannot be verified.
Crypto / Digital Assets
US Court Jails Former OpenSea Exec for NFT Insider Trading
By Mark Johnston | 24/08/2023
Nate Chastain will spend three months in prison, followed by three months of home confinement, and three years of supervised release.
Sanctions
OFAC Expands Sanctions on Jet Fuel for Myanmar Military
By Editors | 24/08/2023
One of the sanctioned individuals helps Myanmar’s military regime procure jet fuel through Singapore-based holding companies.
AML / KYC
US Sanctions Tornado Cash Co-founder, Arrests Another
By Manesh Samtani | 24/08/2023
Russian national Roman Semenov was added to OFAC’s sanctions list. Another co-founder, Roman Storm, was arrested on Wednesday.
Crypto / Digital Assets
Thailand Threatens to Ban Facebook Over Fraudulent Crypto Ads
By Mark Johnston | 24/08/2023
Thailand has threatened to ban Facebook if it does not stop allowing fraudulent crypto ads on its platform.
Securities / Derivatives
SEC Adopts New Rules for Private Fund Advisers
By Editors | 24/08/2023
The new rules will help promote greater competition and thereby efficiency, said SEC chair Gary Gensler.
Enforcement
Two Former JPMorgan Traders Jailed on Spoofing Charges
By Editors | 23/08/2023
Gregg Smith was sentenced to two years in prison, while Michael Nowak was sentenced to one year and one day in prison.
Enforcement
US Court Rules AI-Generated Work Cannot be Copyrighted
By Manesh Samtani | 22/08/2023
Human authorship is a bedrock requirement of copyright, a federal judge ruled in a case that dates back to 2019.
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