United States

Enforcement

US Jury Finds Terraform Labs, Do Kwon Liable for Fraud

By Editors | 06/04/2024

Terraform Labs and founder Do Kwon deceived investors about its algorithmic stablecoin UST, a jury found after a nine-day trial.

Crypto / Digital Assets

US Court Jails Bulgarian National Over “OneCoin” Fraud

By Editors | 06/04/2024

Irina Dilkinska assisted in running OneCoin’s day-to-day operations and laundered fraudulently obtained proceeds to the Cayman Islands.

ESG / Sustainability

US SEC Pauses Implementation of New Climate Disclosure Rules

By Editors | 06/04/2024

The SEC issued an order to stay the new climate-related disclosure rules pending the resolution of six cases challenging their validity.

Enforcement

Two Men Admit to Conspiracy to Export Aircraft Parts to Russia

By Editors | 05/04/2024

The two Russian nationals falsely claimed the parts were intended for countries other than Russia. US authorities stopped multiple shipments.

Sanctions

OFAC Sanctions 13 Vessels Over Iran Commodity Shipments

By Editors | 05/04/2024

The vessels, operated by UAE-based Oceanlink Maritime DMCC, are “deeply involved in the shipment of Iranian commodities”.

Crypto / Digital Assets

Ripple Announces Plans to Issue USD-backed Stablecoin

By Editors | 05/04/2024

Ripple said its reserve assets will be audited by a third-party accounting firm and that it will publish monthly attestations.

Enforcement

US SEC Fines Another Investment Adviser Over Text Messaging

By Editors | 04/04/2024

Senvest Management was fined $6.5mn for failing to preserve business communications that took place on personal devices and messaging apps.

ESG / Sustainability

BCBS to Backtrack on Climate-related Standards – Report

By Editors | 04/04/2024

The BCBS plans to make its standards on disclosures and transition plans optional rather than universally adopted due to US pressure.

ESG / Sustainability

Thai SEC Tightens Requirements for Sustainability-related Digital Tokens

By Editors | 04/04/2024

Issues of sustainability-related digital tokens will have to make additional disclosures and engage external reviewers to assess whether sustainability standards are met.