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United States
Custody & Infrastructure
Thai SEC Enhances Governance Standards for Crypto Firms
By Editors | 27/08/2024
Crypto firms must have at least five directors on their board, including two independent directors, and establish an audit committee.
Anti-Bribery & Corruption
Former Vitol Trader Pleads Guilty to Bribery Scheme
By Editors | 27/08/2024
Javier Aguilar and co-conspirators paid $600,000 in bribes in 2018 to two senior Mexican officials to win contracts for Vitol.
PEPs & Sanctions
US Warns Countries Against Allowing Russian Banks to Set Up Branches
By Editors | 26/08/2024
Deputy Treasury Secretary Wally Adeyemo said the US will go after the branches as well as other entities and companies that work with them.
PEPs & Sanctions
US Announces New Russia Sanctions Against Nearly 400 Targets
By Editors | 26/08/2024
The targets include individuals and entities from across 16 jurisdictions, including China, Hong Kong, Switzerland and the UAE.
PEPs & Sanctions
US DOJ Secures Guilty Plea in Venezuela Sanctions Evasion Case
By Editors | 25/08/2024
The DOJ said George Semerene Quintero lied to US suppliers and created false documents as part of a scheme to evade US sanctions and export controls.
Anti-Money Laundering
TD Bank Provisions Additional $2.6b for Expected AML Penalties
By Editors | 25/08/2024
TD Bank said a global resolution of investigations by prudential regulators, FinCEN and the DOJ is expected by year-end.
Conduct, Culture & Accountability
US Federal Court Strikes Down FTC Rule on Non-Competes
By Editors | 24/08/2024
The court found that the FTC exceeded its statutory authority in issuing the rule, which would have banned non-competes from 4 September.
Anti-Money Laundering
Nevada Regulator Files Suit Against Subsidiary of Malaysia’s Genting
By Nithya Subramanian | 23/08/2024
The regulator accused Resorts World Las Vegas, a subsidiary of Malaysia’s Genting Berhad, of permitting bets by individuals tied to organised crime.
Fraud, Scams & Cybercrime
US SEC Fines Transfer Agent for Failure to Guard Against Cyber Fraud
By Editors | 23/08/2024
The transfer agent’s failures led to more than $6.6mn in losses from two separate cyber intrusions, one of which involved Hong Kong bank accounts.
PEPs & Sanctions
OFAC Issues Update on Infrastructure Modernisation Initiatives
By Editors | 22/08/2024
OFAC has released updated FAQs to make sanctions compliance easier and launched a new online platform for the public to submit queries.
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