United States

Structural Regulation

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.

PEPs & 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”.

AI Risk & Governance

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.

PEPs & 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.

PEPs & 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”.

Cryptocurrency

SFC Grants Licence Upgrade Allowing Tiger Brokers to Offer Crypto

By Editors | 26/01/2024

Tiger Brokers said it is one of the first mainstream online brokerage firms in Hong Kong to receive approval for such a licence upgrade.

Fraud, Scams & Cybercrime

CFTC Warns Investors of AI-driven Scams

By Nithya Subramanian | 26/01/2024

Investors are warned against falling prey to fraudsters who claim to be able to generate huge returns using bots and other AI-assisted technology.

Cybersecurity

US Fintech EquiLend Suffers Ransomware Attack

By Editors | 26/01/2024

Ransomware gang LockBit claimed responsibility for the attack, which has forced Wall Street banks to manual processing of certain securities lending transactions.

Trading & Investment

BGC Group Wins CFTC Approval to Challenge CME Dominance

By Mark Johnston | 25/01/2024

BGC Group won approval to operate an exchange for US Treasury and SOFR futures and deliver competition across the CME’s US interest rate complex.