PEPs & Sanctions

Japan Adds 164 More Items to Russia Export Ban List

07/04/2024

The new export restrictions and a new diamond import ban will take effect from 17 April and 10 May, respectively.

Cryptocurrency

Australian Firm Seeks to List Spot Bitcoin ETF on Cboe

06/04/2024

The “Monochrome Bitcoin ETF”, if approved, will become Australia’s first spot bitcoin ETF with direct bitcoin holdings.

Fraud, Scams & Cybercrime

US Jury Finds Terraform Labs, Do Kwon Liable for Fraud

06/04/2024

Terraform Labs and founder Do Kwon deceived investors about its algorithmic stablecoin UST, a jury found after a nine-day trial.

Fraud, Scams & Cybercrime

US Court Jails Bulgarian National Over “OneCoin” Fraud

06/04/2024

Irina Dilkinska assisted in running OneCoin’s day-to-day operations and laundered fraudulently obtained proceeds to the Cayman Islands.

Credit Risk

China Relaxes Loan Rules to Boost Auto Consumption

06/04/2024

Financial institutions can extend loans for new vehicles with no down payment, depending on the buyer’s creditworthiness.

Reporting & Disclosures

US SEC Pauses Implementation of New Climate Disclosure Rules

06/04/2024

The SEC issued an order to stay the new climate-related disclosure rules pending the resolution of six cases challenging their validity.

PEPs & Sanctions

Two Men Admit to Conspiracy to Export Aircraft Parts to Russia

05/04/2024

The two Russian nationals falsely claimed the parts were intended for countries other than Russia. US authorities stopped multiple shipments.

PEPs & Sanctions

OFAC Sanctions 13 Vessels Over Iran Commodity Shipments

05/04/2024

The vessels, operated by UAE-based Oceanlink Maritime DMCC, are “deeply involved in the shipment of Iranian commodities”.

Stablecoins

Ripple Announces Plans to Issue USD-backed Stablecoin

05/04/2024

Ripple said its reserve assets will be audited by a third-party accounting firm and that it will publish monthly attestations.