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United States
Securities / Derivatives
Philippine SEC Issues Consumer Protection Rules for Consultation
By Editors | 31/01/2023
The rules will implement the requirements of the Financial Products and Services Consumer Protection Act, which passed in May last year.
AML / KYC
US, EU Authorities Take Down HIVE Ransomware Gang
By Editors | 30/01/2023
“Simply put, using lawful means, we hacked the hackers,” said deputy attorney general Lisa Monaco.
Sanctions
US Expands Sanctions Against Russia’s Wagner Group
By Editors | 30/01/2023
Russian mercenary organisation Wagner Group was re-designated as a foreign person that constitutes a “significant transnational criminal organisation”.
Securities / Derivatives
DTCC Publishes Testing Framework for US Move to T+1 Settlement
By Editors | 30/01/2023
The testing framework assumes a September 2024 implementation date. Testing dates may have to change as regulators have not yet confirmed an implementation date.
Crypto / Digital Assets
White House Calls for Progress on US Crypto Legislation
By Manesh Samtani | 30/01/2023
Congress should strengthen disclosure requirements for crypto firms and expand regulators’ powers to prevent misuses of customers’ assets and mitigate conflicts of interest, officials say.
Big Picture
Digital Dollar Project Calls for US Leadership on CBDC Standard Setting
By Mark Johnston | 30/01/2023
The US’s cautious approach to CBDCs could negatively impact the domestic economy, threaten the dollar’s dominance and have implications for sanctions evasion.
AML / KYC
FinCEN Warns of Sanctions Evasion in Commercial Real Estate
By Editors | 29/01/2023
New FinCEN alert lists potential red flags and typologies involving attempted sanctions evasion in the CRE sector by sanctioned Russians and their proxies.
Crypto / Digital Assets
FBI Confirms DPRK Hackers Behind $100m Horizon Bridge Crypto Theft
By Editors | 29/01/2023
The FBI was able to freeze a portion of the stolen funds, in coordination with some virtual asset service providers.
Securities / Derivatives
US SEC to Prohibit Conflicts of Interest in Securitisation Transactions
By Editors | 27/01/2023
The rule, first proposed in 2011 but never finalised, will prohibit firms participating in asset-backed securities from betting against investors in those securities.
AML / KYC
Ex-FBI Agent Charged for Money Laundering, Sanctions Violations
By Editors | 27/01/2023
The former FBI agent conspired with a former Russian diplomat to help Oleg Deripaska have his sanctions removed.
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