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United States
Sanctions
OFAC Sanctions Two More Vessels for Supporting Houthis
By Editors | 07/03/2024
The sanctions also target Hong Kong-based and Marshall Islands-based companies, which own the two vessels.
ESG / Sustainability
US SEC Adopts Mandatory Climate Disclosure Rules
By Manesh Samtani | 07/03/2024
The final rules allow large companies to report Scope 1 and 2 emissions only if they are material, and remove requirements to also disclose Scope 3 emissions.
ESG / Sustainability
Philippine SEC Adopts Sustainable Finance Taxonomy
By Sanday Chongo Kabange | 06/03/2024
The SEC said issuers of securities should refer to the taxonomy when making investment decisions or designing sustainable financial products and services.
Crypto / Digital Assets
Montenegro Court Halts Extradition of Terra’s Do Kwon to US
By Sanday Chongo Kabange | 06/03/2024
Do Kwon’s case will be retried because of procedural issues over who between the US and South Korea was first to request his extradition.
Sanctions
OFAC Sanctions Members of Spyware Consortium
By Editors | 06/03/2024
The consortium’s spyware and surveillance tools were used to target US officials, journalists, and policy experts.
Sanctions
US Sanctions Zimbabwe’s President, Other Officials
By Editors | 05/03/2024
The sanctions were issued under the Magnitsky programme. The Zimbabwe Sanctions Regulations have been terminated.
Enforcement
US Secures $661m Settlement from Swiss Oil Trader for FCPA Violations
By Manesh Samtani | 04/03/2024
Over a nearly a decade, Gunvor Group paid more than $97mn to secure business from Ecuador, generating $384mn in illicit profits.
Enforcement
Boeing Fined $51m for Arms Export Control Violations
By Editors | 04/03/2024
Boeing is also required to engage a special compliance officer for at least two years and spend a further $24mn on strengthening its compliance programme.
Sanctions
G7 Ban on Indirect Imports of Russian Diamonds Takes Effect
By Editors | 03/03/2024
The World Federation of Diamond Bourses says the ban on Russia-produced diamonds will also harm non-Russian manufacturers and traders.
Crypto / Digital Assets
NYDFS Secures Return of $1.1bn to ‘Gemini Earn’ Investors
By Editors | 01/03/2024
Gemini Trust has committed to returning at least $1.1bn to customers who invested in its ‘Earn’ crypto lending programme.
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