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United States
Sanctions
OFAC Sanctions Four Russians Linked to Alfa Group
By Editors | 14/08/2023
The four individuals have already been sanctioned by Australia, Canada, the EU, New Zealand, and the UK.
Sanctions
Korea Unfreezes Iranian Funds as Part of US Prison Swap Deal
By Editors | 14/08/2023
$7bn of Iran’s funds have been frozen in South Korea since May 2019, after sanctions waivers for oil imports were allowed to expire.
Crypto / Digital Assets
US Judge Revokes Bankman-Fried Bail for Witness Tampering
By Editors | 13/08/2023
Sam Bankman-Fried gave documents to journalists and tried to interfere with witnesses. He was taken to jail on Friday.
AML / KYC
US, UK, Canada Sanction Former Governor of Lebanon Central Bank
By Editors | 11/08/2023
The former governor and his close associates were sanctioned for “corrupt acts” that contributed to Lebanon’s economic crisis.
Crypto / Digital Assets
US SEC to Settle Case Against Crypto Firm Bittrex for $24m
By Editors | 11/08/2023
Bittrex and its co-founder and former CEO agreed to settle the SEC case for $24mn. The firm previously said it was exiting the US market due to a lack of regulatory clarity.
Sanctions
US, Canada, New Zealand Target Belarus With New Sanctions
By Editors | 10/08/2023
The coordinated sanctions come on the three-year anniversary of a presidential election which Alexander Lukashenko won by allegedly falsifying votes.
AML / KYC
US Senators Reintroduce Digital Asset Anti-Money Laundering Act
By Editors | 10/08/2023
The bill, if enacted, would require firms to start reporting crypto transactions exceeding $10,000 after 18 months.
ESG / Sustainability
S&P Global Ratings Stops Providing ESG Credit Indicators
By Ranamita Chakraborty | 10/08/2023
With immediate effect, the impact of ESG factors on a borrower’s creditworthiness will now be conveyed through narrative paragraphs in the rating agency’s reports.
AML / KYC
US Issues Executive Order to Further Limit Investment in Chinese Tech
By Editors | 10/08/2023
The order targets investments in advanced computer chips, microelectronics, quantum information technologies, and artificial intelligence.
Crypto / Digital Assets
Fed Unveils New Supervision Programme for Banks Engaging With Crypto
By Manesh Samtani | 10/08/2023
The Fed requires banks to obtain a written notification of supervisory nonobjection before engaging in activities involving stablecoins.
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