United States

Anti-Money Laundering

US Repatriates Additional $156mn in 1MDB Funds to Malaysia

By Nithya Subramanian | 15/06/2024

To date, the US DOJ has repatriated to Malaysia a total of $1.4bn that was misappropriated from 1MDB.

Cryptocurrency

UPDATED – ASX to List First Bitcoin ETF, Joining Cboe Australia

By Editors | 14/06/2024

APAC CEO Arian Neiron said VanEck recognised bitcoin as an emerging asset class that “many advisers and investors want to access”.

PEPs & Sanctions

G7 to Raise $50bn for Ukraine Using Frozen Russian Assets

By Editors | 13/06/2024

A $50bn loan will be taken out and the interest will be paid using profits generated by frozen Russian assets.

PEPs & Sanctions

US Court Jails Two Over Sanctions Evasion Scheme

By Editors | 13/06/2024

A Chinese national and US citizen were jailed for attempting to broker illicit oil sales between Iran and China and launder the proceeds.

Fraud, Scams & Cybercrime

Terraform, Do Kwon Agree $4.6b Settlement With US SEC

By Editors | 13/06/2024

The settlement comes after a New York jury in April found Terraform Labs and Do Kwon liable on civil fraud charges.

PEPs & Sanctions

US Authorities Arrest Two for Illegal Russia Export Scheme

By Editors | 13/06/2024

The two men engaged in a scheme to covertly sell snowmobiles to Russia through an intermediary company in Hong Kong.

PEPs & Sanctions

US Expands Russia Sanctions Ahead of G7 Leaders Meeting

By Manesh Samtani | 13/06/2024

New sanctions target Russian financial infrastructure as well as entities in China, Hong Kong, Singapore and Thailand.

Cryptocurrency

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.

Conduct, Culture & Accountability

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.