United States

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    Crypto / Digital Assets

    Thai SEC Proposes New Requirements for Crypto Exchanges

    By Editors | 16/07/2024

    Digital asset exchanges will be required to establish and disclose rules regarding token listing, delisting, trading, clearing, settlement, and market making.

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    Fintech / Regtech

    New York DFS Issues Rules Governing AI for Insurers

    By Nithya Subramanian | 15/07/2024

    The guidance ensures that implementation of AI in insurance does not perpetuate systemic biases that result in unfair discrimination, while providing market stability.

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    Sanctions

    US Sanctions Iranian Chemical Weapons Research Company

    By Editors | 15/07/2024

    This is the first time the Biden administration has imposed sanctions against Iran’s chemical weapons programme.

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    AML / KYC

    Crypto Firm BitMEX Pleads Guilty to US Criminal Charge

    By Editors | 15/07/2024

    BitMEX said its founders were already sentenced for BSA charge in 2022 and that it has since fully remediated its deficiencies and will seek an expedited sentencing hearing.

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    Sanctions

    FinCEN Issues New Alert on Financing of West Bank Violence

    By Editors | 12/07/2024

    The alert provides additional red flag indicators. New sanctions on three individuals and five entities also announced.

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    Crypto / Digital Assets

    Crypto Lender Celsius Files Lawsuit Against Former Users

    By Editors | 12/07/2024

    Crypto lender Celsius said users who withdrew funds in the 90 days before its bankruptcy “unfairly benefitted at the expense of other account holders”.

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    Crypto / Digital Assets

    ASX Commences Trading in Second Spot Bitcoin ETF

    By Editors | 12/07/2024

    The ETF is managed by DigitalX Limited in partnership with K2 Asset Management and Canadian firm 3iQ.

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    Enforcement

    Former Trader Settles $150m Lawsuit Against Deutsche Bank

    By Nithya Subramanian | 11/07/2024

    Matthew Connolly accused the German bank of making him a scapegoat by lying to prosecutors.

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    AML / KYC

    Australia, US to Help Boost Correspondent Banking in Pacific

    By Manesh Samtani | 11/07/2024

    Australia pledged A$6.3mn in funding to help counter the decline in correspondent banking services in the Pacific.

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    Enforcement

    US Regulators Impose $135m Fine on Citigroup

    By Nithya Subramanian | 11/07/2024

    Federal Reserve and OCC penalise Citigroup for ongoing deficiencies in risk management and data governance.

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