United States

Anti-Money Laundering

US DOJ Charges Founders of Crypto Mixer “Samourai Wallet”

By Editors | 27/04/2024

Over around ten years, Samourai Wallet was used to launder over $100mn in crime proceeds, earning the founders at least $4mn in fees.

PEPs & Sanctions

US, UK, Canada Announces More Sanctions for Iran’s Airstrike

By Editors | 26/04/2024

The US targeted 16 entities, eight individuals, five vessels and one aircraft. The UK and Canada also sanctioned targets involved in Iran’s drone and missile industries.

PEPs & Sanctions

DOJ Charges Two Chinese Nationals for IEEPA Violations

By Editors | 26/04/2024

The two individuals (one arrested) conspired to evade export controls to obtain US chip-making technology for a prohibited Chinese company.

PEPs & Sanctions

US, Japan, Korea to Collaborate on Technology Export Controls

By Editors | 26/04/2024

The launch of the “Disruptive Technology Protection Network” comes amid US calls for Japan and Korea to tighten controls on chip-related exports to China.

PEPs & Sanctions

US President Signs National Security Package Into Law

By Editors | 25/04/2024

Among other things, the package broadens sanctions on Iran, allows confiscation of Russian assets, and requires TikTok to separate from ByteDance.

Fraud, Scams & Cybercrime

US SEC Asks Court to Force Terraform Labs and Founder to Pay $5.3b

By Mark Johnston | 25/04/2024

The SEC argues that Terraform Labs and Do Kwon have not shown remorse for their conduct and are likely to commit additional violations.

PEPs & Sanctions

Russian Court Orders Seizure of JPMorgan Assets

By Editors | 25/04/2024

State-owned VTB Bank filed the lawsuit in an attempt to recover USD 439.5 million in funds that were frozen by JPMorgan due to sanctions.

Market Risk

Japanese Banks Resilient Despite Interest Rate, Real Estate Risks

By Mark Johnston | 25/04/2024

BOJ said Japanese banks can withstand various financial stresses, but vulnerabilities warrant close monitoring.

AI Risk & Governance

CFTC AI Rules Should Focus on Use Cases, Not Technology: FIA

By Manesh Samtani | 25/04/2024

FIA and other industry bodies say the focus should be on “the application of the technology within the context of a particular use case, not the technology as a whole”.