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United States
Fraud, Scams & Cybercrime
Swift Announces Industry Partnership to Combat Fraud With AI
By Editors | 31/05/2024
FIs will share data with privacy-preserving controls so that AI can be used to detect fraud patterns from a “much richer dataset”.
Cryptocurrency
NYSE to Launch Cash-settled Bitcoin Index Options
By Editors | 31/05/2024
The options contracts will track the CoinDesk Bitcoin Price Index and are subject to regulatory approval.
Cryptocurrency
‘Gemini Earn’ Investors Secure Return of $2b in Crypto Assets
By Editors | 30/05/2024
Investors are receiving their digital assets “in kind”, meaning they benefit from crypto price increases since withdrawals were halted in January 2023.
Market Abuse
HK Jury Convicts Three in Landmark Manipulation Case
By Sanday Chongo Kabange | 30/05/2024
This was the first time an offence under the SFO has been tried at Hong Kong’s Court of First Instance.
Fraud, Scams & Cybercrime
Authorities Take Down “World’s Largest” Malicious Botnet
By Editors | 30/05/2024
US authorities, with international partners, arrested the botnet’s administrator and seized infrastructure and assets.
Anti-Money Laundering
US Treasury Publishes Illicit Finance Risk Assessment on NFTs
By Editors | 30/05/2024
NFTs are “highly susceptible” to use in fraud and scams, but “rarely” used for proliferation financing or terrorist financing.
Sustainable Finance
US Unveils Plans to Develop Voluntary Carbon Markets
By Nithya Subramanian | 29/05/2024
The Biden Administration unveiled a Joint Policy Statement and Principles as part of broader efforts to encourage the development of VCMs.
PEPs & Sanctions
OFAC Sanctions Thai Firms Linked to Cybercrime Network
By Editors | 29/05/2024
Three Chinese individuals and three Thai companies were sanctioned over their links to a malicious botnet called 911 S5.
Anti-Money Laundering
Former FTX Executive Sentenced to 7.5 Years in Prison
By Editors | 29/05/2024
Former FTX executive Ryan Salame was also ordered to pay more than $6mn in forfeiture and more than $5mn in restitution.
Clearing & Post-Trade
US Adopts T+1 Settlement Cycle for Securities Transactions
By Editors | 28/05/2024
Canada, Mexico, Argentina and Jamaica implemented a T+1 settlement cycle on Monday and the US on Tuesday.
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