United States

AML / KYC

Australia-US Agreement on Electronic Data Access Comes Into Force

By Editors | 01/02/2024

The agreement will better enable US and Australian agencies to prevent, detect, investigate, and prosecute serious crimes.

Crypto / Digital Assets

Crypto Lender Celsius Network Emerges from Bankruptcy

By Editors | 31/01/2024

Celsius, which filed for bankruptcy in July 2022, has commenced distributions of over $3bn of crypto and fiat to creditors.

Enforcement

NYAG Sues Citi for Failing to Protect Customers from Fraud

By Editors | 31/01/2024

NYAG says Citi does not implement strong anti-fraud defences, misleads account holders about their rights, and illegally refuses to reimburse fraud victims.

Sanctions

OFAC Sanctions Egypt, Turkey Nationals for Supporting ISIS

By Editors | 31/01/2024

Two Egyptian nationals created an online platform that provided instructions on donating funds to ISIS-affiliated entities.

Market Infrastructure

Mainland, HK Can Mutually Recognise Court Judgments

By Editors | 30/01/2024

The new arrangement will make it easier to resolve civil and commercial disputes involving cross-border elements.

Sanctions

US, UK Target Iranian Assassinations Network With Sanctions

By Editors | 30/01/2024

The sanctioned individuals carried out “numerous acts of transnational repression including assassinations and kidnappings across multiple jurisdictions”.

Fintech / Regtech

CFTC Consults on AI Uses and Risks in Derivatives Markets

By Editors | 30/01/2024

Responses will inform analysis on whether the CFTC should issue guidance or regulations on the use of AI in derivatives markets.

Sanctions

US Sanctions Iraqi Bank for Enabling Iran-backed Terrorist Activity

By Editors | 29/01/2024

US Treasury cut off Al-Huda Bank from the US financial system and sanctioned its owner for serving as a conduit for terrorist financing.

Sanctions

US, UK Announce Sanctions on Four Houthi Officials

By Editors | 26/01/2024

Four officials were sanctions for attacks on ships that “threaten to disrupt international supply chains and the freedom of navigation”.