United States

Sanctions

US Revokes Licences Allowing Chip Exports to Huawei

By Editors | 08/05/2024

Some companies have been notified that their licences to ship goods to Huawei are effectively revoked.

AML / KYC

Thailand Targets Mule Accounts in Scam Crackdown

By Mark Johnston | 07/05/2024

Over 300,000 mule accounts have been closed since November. Further measures to address mule accounts in development.

Enforcement

CFTC Publishes Report on Responsible AI in Markets

By Manesh Samtani | 07/05/2024

The report offers five recommendations on how the CFTC should safeguard financial markets from AI-related risks.

AML / KYC

US Prosecutors Secure Guilty Plea from Ex BTC-e Operator

By Editors | 06/05/2024

Alexander Vinnik was facing up to 55 years in prison, but due to a plea bargain he is expected to receive a prison term of less than ten years.

Sanctions

US Officials in Malaysia, Singapore This Week to Discuss Sanctions

By Editors | 06/05/2024

Treasury’s Brian Nelson and Neil MacBride will meet with the Malaysian and Singapore financial sectors to discuss compliance and enforcement efforts.

Sanctions

Russia Expected to Retaliate Against Asset Confiscation

By Manesh Samtani | 06/05/2024

Confiscation of Russia’s frozen foreign reserves could result in foreign-owned private assets being seized.

Securities / Derivatives

CFTC May Revoke US Permissions to Trade TAIEX Futures

By Editors | 04/05/2024

TSMC has accounted for more than a 30 percent weighting in the TAIEX for 45 trading sessions in a row.

Enforcement

JPMorgan to Pay Penalty to 3rd Regulator in Surveillance Case

By Nithya Subramanian | 03/05/2024

Following fines from the OCC and Fed announced in March, JPM said it has to pay $100m to a third regulator, identified in reports as the CFTC.

Fintech / Regtech

US CFTC Appoints First-Ever Chief AI Officer

By Sanday Chongo Kabange | 03/05/2024

The role will involve leading the development of the CFTC’s enterprise data and AI strategy and advancing its data-driven capabilities.