United States

Crypto / Digital Assets

Thailand Revokes Crypto Licence Due to Regulatory Failures

By Nithya Subramanian | 12/06/2024

The SEC said the Minister of Finance has agreed to revoke Zipmex’s digital asset business licence to prevent damage to customers.

Capital / Liquidity

Bank Failures of 2023 Show Lack of Focus on Culture Risk

By Manesh Samtani | 12/06/2024

Starling Compendium says culture and conduct risk should be recognised by prudential regulators as sources of systemic risk.

Enforcement

Industry Body Sues US SEC for Records on WhatsApp Probe

By Editors | 11/06/2024

The American Securities Association seeks to force the SEC to disclose information that was considered when determining the penalties.

Sanctions

OFAC Imposes New Sanctions Targeting Illicit Houthi Shipments

By Editors | 10/06/2024

The targets include four entities, including Hong Kong-, India- and Panama-based shipping companies and some of their vessels.

AML / KYC

TD Bank Facing $4bn in Fines for AML Violations – Report

By Editors | 10/06/2024

The amount is double previous estimates, prompted by the emergence of new bribery allegations against the bank.

Enforcement

Former AllianzGI Fund Manager Pleads Guilty to Fraud

By Editors | 10/06/2024

Gregoire Tournant admitted to providing deceptive information to investors in AllianzGI’s now-defunct Structured Alpha funds.

Sanctions

Myanmar NUG Seeks to Recover $1b Frozen at NY Fed

By Editors | 10/06/2024

Myanmar’s National Unity Government is seeking the return of funds that were frozen in the US after the 2021 military coup.

Sanctions

G7 Expected to Issue Warning to Chinese Banks This Week

By Editors | 09/06/2024

G7 leaders are expected to issue public statements this week warning smaller Chinese banks about the help they provide to Russia.

Enforcement

DOJ Secures Guilty Plea in Russia Export Control Case

By Editors | 08/06/2024

A US-Russian national sent firearm parts, components, and ammunition from the US to Russia, including via Kazakhstan.