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United States
Sanctions
US Targets President’s “Wallets” in Latest Belarus Sanctions
By Editors | 07/12/2023
OFAC sanctions 11 entities and seven individuals accused of supporting Belarusian President Alyaksandr Lukashenka and Russia’s war effort.
AML / KYC
Banque Pictet to Pay $123m to Settle US Tax Evasion Case
By Editors | 06/12/2023
Banque Pictet helped US taxpayers to use coded accounts, foreign trusts and entities, nominee beneficiaries and other “deceits” to conceal their income and assets abroad.
Sanctions
US Treasury Announces “Counter-Fentanyl Strike Force”
By Editors | 06/12/2023
Initiative is aimed at streamlining the US Treasury Department’s efforts to combat trafficking of illicit fentanyl.
Sanctions
US Government Offers Bounty for Russian National Accused of Sanctions Busting
By Editors | 06/12/2023
US government offers USD 7 million reward for individual accused of smuggling sensitive technology to Russia and money laundering via a German trading company.
Sanctions
US Sanctions Belgium-based Network for Russian Military Procurement
By Editors | 06/12/2023
US sanctions five individuals and nine entities as DOJ unseals indictments targeting illicit Russian military procurement.
ESG / Sustainability
CFTC Proposes Standards for Carbon Credit Derivatives
By Editors | 05/12/2023
The guidance adopts standards from the ICVCM’s Core Carbon Principles and introduces quality standards for carbon offsets tied to derivative contracts.
Crypto / Digital Assets
Cristiano Ronaldo Facing Class Action Over Binance Endorsement
By Editors | 04/12/2023
The $1bn lawsuit claims the endorsement led the plaintiffs to make loss-making investments, including in “CR7” branded NFTs.
Sanctions
US Lawmakers Call for Sanctions on Chinese Drone Maker
By Editors | 04/12/2023
Autel Robotics and its US subsidiary are engaged in a variety of sanctionable activities, a House of Representatives letter claims.
Enforcement
FINRA Fines BofA Securities for Spoofing in Treasury Markets
By Editors | 03/12/2023
FINRA said a former BofA Securities supervisor and junior trader conducted 717 spoof trades, and the firm’s systems were not able to detect such activity.
Sanctions
OFAC Sanctions More Companies, Vessels for Breaching Russia Oil Price Cap
By Editors | 03/12/2023
Latest sanctions target companies in the UAE and Liberia and three vessels in response to breaches of the G7 price cap on Russian oil.
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