United States

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    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.

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    Sanctions

    IAEA Issues Resolution Calling for Cooperation from Iran

    By Manesh Samtani | 08/06/2024

    When proposing the resolution, the UK, France and Germany noted that the power to “snap back” UN sanctions on Iran is available until October 2025.

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    Capital / Liquidity

    Credit Suisse Bondholders Sue Switzerland in New York Court

    By Nithya Subramanian | 08/06/2024

    The lawsuit accuses Switzerland of “unjustly violating the property rights” of holders of Credit Suisse AT1 bonds.

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    Securities / Derivatives

    US Court Vacates New SEC Rule for Private Fund Advisers

    By Nithya Subramanian | 07/06/2024

    The appeals court ruled that the SEC “exceeded its statutory authority” by adopting the new rule for private fund advisers.

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    Fintech / Regtech

    US Treasury Seeks Input on Use of AI in Financial Services

    By Manesh Samtani | 07/06/2024

    Treasury Secretary Janet Yellen said the use of AI in finance presents “tremendous opportunities and significant risks”.

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    Crypto / Digital Assets

    Thai SEC Grants First Approval for Bitcoin ETF

    By Editors | 07/06/2024

    The ETF will operate under a fund-of-funds structure, allocating investments across major global Bitcoin funds.

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    AML / KYC

    US Authorities Accused of Ignoring Evidence Against StanChart

    By Editors | 06/06/2024

    A whistleblower says US officials falsely denied that he had provided useful information in order to have his claim for a whistleblower reward dismissed.

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    US to Establish Registry of Law-Breaking Nonbank Financial Firms

    By Editors | 06/06/2024

    The registry will help authorities monitor and track repeat offenders in order to better hold them accountable if they break the law again.

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    AML / KYC

    US Authorities Arrest Epoch Times CFO for Money Laundering

    By Editors | 06/06/2024

    The DOJ alleges Weidong Guian participated in a “sprawling, transnational scheme” to launder $67mn million of crime proceeds.

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    Sanctions

    US Officials Warn of Sanctions Against Chinese Firms

    By Editors | 03/06/2024

    US officials Wally Adeyemo and Kurt Campbell say Chinese firms and financial institutions could be targeted with sanctions for assisting Russia.

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