United States

PEPs & Sanctions

OFAC Imposes New Sanctions Targeting Illicit Houthi Shipments

By Editors | 10/06/2024

The targets include four entities, including Hong Kong-, India- and Panama-based shipping companies and some of their vessels.

Anti-Money Laundering

TD Bank Facing $4bn in Fines for AML Violations – Report

By Editors | 10/06/2024

The amount is double previous estimates, prompted by the emergence of new bribery allegations against the bank.

Fraud, Scams & Cybercrime

Former AllianzGI Fund Manager Pleads Guilty to Fraud

By Editors | 10/06/2024

Gregoire Tournant admitted to providing deceptive information to investors in AllianzGI’s now-defunct Structured Alpha funds.

PEPs & Sanctions

Myanmar NUG Seeks to Recover $1b Frozen at NY Fed

By Editors | 10/06/2024

Myanmar’s National Unity Government is seeking the return of funds that were frozen in the US after the 2021 military coup.

PEPs & Sanctions

G7 Expected to Issue Warning to Chinese Banks This Week

By Editors | 09/06/2024

G7 leaders are expected to issue public statements this week warning smaller Chinese banks about the help they provide to Russia.

PEPs & Sanctions

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.

PEPs & 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.

Resolution & Recovery

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.

Structural Regulation

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.