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United States
Enforcement
Canada’s FINTRAC Imposes AML Penalty on TD Bank
By Mark Johnston | 03/05/2024
The $6.7mn fine is the largest-ever levied by FINTRAC. TD Bank has separately provisioned $450mn for potential US penalties.
Sanctions
US Senators Raise Concerns Over Iran’s Crypto Mining
By Editors | 03/05/2024
A letter from two US senators asks government officials about the steps being taken to address Iranian crypto mining and sanctions evasion.
Enforcement
Russian Court Cancels Part of JPMorgan Freeze Order
By Editors | 03/05/2024
The majority of JPMorgan’s funds in Russia cannot be seized as they are held in so-called “type C” accounts.
Sanctions
OFAC Sanctions New Targets for Helping Hizballah Money Exchanger
By Editors | 02/05/2024
Five individuals and two entities were sanctioned for helping a previously-designated money exchanger to evade sanctions, OFAC said.
Crypto / Digital Assets
Capital Markets Regulators Committed to Innovating With Tokenisation
By Nithya Subramanian | 02/05/2024
The UK FCA’s Rupert Harrison and Thai SEC’s Kris Tontipiromya discussed their tokenisation work at the recent Digital Assets Asia 2024.
Sanctions
US Sanctions Over 280 Targets for Supporting Russia
By Editors | 01/05/2024
The targets include companies in Azerbaijan, Belgium, China, Hong Kong, Russia, Slovakia, Turkey, the UAE, and Russia.
AML / KYC
US Court Sentences Binance Founder to Four Months Jail
By Editors | 01/05/2024
The sentence was below the three years requested by prosecutors and the 18 month maximum recommended under federal guidelines.
ESG / Sustainability
Common Green Fund Rules Remain Distant Dream
By ESG Investor | 01/05/2024
Investors call for greater clarity and certainty on regulatory expectations around sustainable finance disclosures.
Enforcement
US DOJ Secures Guilty Plea in Export Control Evasion Case
By Editors | 30/04/2024
The defendant allegedly tried to procure dual-use electronic components for entities in Russia involved in the development and manufacture of drones.
Sanctions
Chinese Firms Turning to Illegal Channels for Russia Business
By Editors | 30/04/2024
With China’s big banks no longer processing Russia-related payments, exporters are increasingly turning to underground channels including cryptocurrency.
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