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United States
Cryptocurrency
FASB Issues Standards to Implement ‘Fair Value’ Accounting for Crypto
By Mark Johnston | 18/12/2023
Fair value accounting allows firms to provide a clearer view of their financial position and the actual economic value of their crypto holdings.
PEPs & Sanctions
Ex-FBI Agent Jailed for Helping Sanctioned Russian Oligarch
By Editors | 18/12/2023
Former FBI agent Charles McGonigal conspired to violate US sanctions and commit money laundering to help sanctioned Russian oligarch Oleg Deripaska.
Cryptocurrency
US SEC Denies Coinbase Rule-making Petition
By Editors | 17/12/2023
SEC Chair Gary Gensler said the existing securities regime already appropriately governs crypto asset securities.
Anti-Money Laundering
India, US Pledge to Cooperate on Global Illicit Finance Risks
By Editors | 17/12/2023
Key topics of the joint India-US AML/CFT Dialogue were virtual assets, sanctions implementation, and beneficial ownership transparency.
PEPs & Sanctions
UK Inaugurates New Iran Sanctions Regime with Joint UK-US Action
By Editors | 16/12/2023
US and UK governments announce joint sanctions against eight individuals as UK’s new Iran sanctions regulations come into force.
Anti-Bribery & Corruption
US Congress Passes Foreign Extortion Prevention Act
By Editors | 15/12/2023
The Act prohibits foreign government officials from soliciting or receiving bribes from any person or company under US jurisdiction.
Clearing & Post-Trade
US SEC Adopts New Clearing Rules for Treasury Market
By Editors | 14/12/2023
The rule changes, designed to reduce the potential for systemic risk, will require more Treasury market trades to be centrally cleared.
PEPs & Sanctions
US and UK Announce New Round of Sanctions on Hamas Leadership
By Editors | 14/12/2023
The coordinated US and UK asset freezes and travel bans target Hamas leaders and financiers throughout the Middle East.
PEPs & Sanctions
Crypto Exchange Pays OFAC USD 1.2 Million to Settle Crimea Violations
By Editors | 14/12/2023
US-based CoinList Markets processed 989 transactions on behalf of users in the Crimea region in violation of OFAC sanctions regulations.
Trading & Investment
Philippines Lists Maiden Sukuk Issuance on Nasdaq Dubai
By Nithya Subramanian | 13/12/2023
Benjamin Diokno said the enhances the Philippine Islamic finance market and strengthens economic ties with the Middle East.
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