United States

Fraud, Scams & Cybercrime

US DOJ Arrests Two Chinese Nationals Involved In $73m Crypto Scam

By Mark Johnston | 18/05/2024

Both individuals face accusations of conspiracy to commit money laundering and six counts of international money laundering.

Cryptocurrency

CME Group Plans to Launch Spot Bitcoin Trading – Report

By Nithya Subramanian | 17/05/2024

Traders and fund managers say they want to buy and sell bitcoin on a regulated marketplace.

PEPs & Sanctions

OFAC Sanctions Russians for Over DPRK Weapons Transfers

By Editors | 17/05/2024

Two individuals and three entities were sanctioned for facilitating weapons transfers between Russia and North Korea.

Anti-Money Laundering

FinCEN, SEC Propose AML Rule for Investment Advisers

By Editors | 16/05/2024

The rule, if adopted, would require investment advisers to implement procedures for verifying the identity of each customer.

Reporting & Disclosures

ESMA Issues Fund Naming Guidance to Combat Greenwashing

By ESG Investor | 16/05/2024

The guidelines establish harmonised criteria for the use of ESG and sustainability terms in fund names.

PEPs & Sanctions

US Official Warns of Sanctions Over India-Iran Port Deal

By Manesh Samtani | 15/05/2024

US State Department’s Vedant Patel said any business deals with Iran could be subject to the potential risk of sanctions.

PEPs & Sanctions

OFAC Sanctions Four Targets Over Sanctions Evasion Scheme

By Editors | 15/05/2024

The targets were involved in a scheme to disguise the ownership of shares to facilitate divestment by a sanctioned Russian oligarch.

Cryptocurrency

CFTC Fines Crypto Firm FalconX $1.8m for Failure to Register

By Editors | 14/05/2024

FalconX allowed US customers to trade in crypto derivatives without registering as a futures commission merchant.

Cryptocurrency

US Orders Chinese-owned Crypto Miner to Sell Land

By Editors | 14/05/2024

Presidential order says MineOne Partners did not notify CFIUS before buying land next to an Air Force base.