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United States
Sanctions
China Sanctions US Firms Over Arms Sales to Taiwan
By Editors | 23/05/2024
The sanctioned entities include units of Lockheed Martin, Raytheon, General Dynamics and other companies, as well as 10 executives.
Enforcement
US SEC Fines ICE for Late Notification of Cyber Intrusion
By Editors | 22/05/2024
Commissioners Hester Peirce and Mark Uyeda said the $10mn penalty was “disproportionately large” and creates a “counter-productive dynamic” with regulated entities.
FDIC Chair to Step Down Over Culture Problems
By Editors | 22/05/2024
An independent review found a toxic work environment at the FDIC over decades, including “demeaning and inappropriate” interactions with staff by current chair Martin Gruenberg.
Sanctions
US Sanctions Blamed for Death of Iranian President
By Editors | 22/05/2024
Iran has been unable to buy aviation spare parts, one of the main reasons cited for the helicopter crash that killed President Ebrahim Raisi.
Crypto / Digital Assets
NYAG Secures $2bn Settlement from Crypto Lender Genesis
By Editors | 21/05/2024
New York Attorney General Letitia James said the settlement was the largest against a crypto firm in the state’s history.
Enforcement
US DOJ Arrests Two Chinese Nationals Involved In $73m Crypto Scam
By Mark Johnston | 18/05/2024
Both individuals face accusations of conspiracy to commit money laundering and six counts of international money laundering.
Crypto / Digital Assets
CME Group Plans to Launch Spot Bitcoin Trading – Report
By Nithya Subramanian | 17/05/2024
Traders and fund managers say they want to buy and sell bitcoin on a regulated marketplace.
Sanctions
OFAC Sanctions Russians for Over DPRK Weapons Transfers
By Editors | 17/05/2024
Two individuals and three entities were sanctioned for facilitating weapons transfers between Russia and North Korea.
AML / KYC
FinCEN, SEC Propose AML Rule for Investment Advisers
By Editors | 16/05/2024
The rule, if adopted, would require investment advisers to implement procedures for verifying the identity of each customer.
ESG / Sustainability
ESMA Issues Fund Naming Guidance to Combat Greenwashing
By ESG Investor | 16/05/2024
The guidelines establish harmonised criteria for the use of ESG and sustainability terms in fund names.
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