United States

Cryptocurrency

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.

PEPs & 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.

Market Abuse

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.

PEPs & 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.

Structural Regulation

US PCAOB Fines Chinese Audit Firm and PwC Units

By Editors | 01/12/2023

PwC’s Hong Kong and China units were fined a combined $7mn for failing to prevent exam cheating by over 1,000 individuals between 2018 and 2020.

PEPs & Sanctions

OFAC Sanctions Individuals Linked to Mexican Timeshare Frauds

By Editors | 01/12/2023

OFAC says the newly sanctioned individuals and entities are linked to timeshare frauds led by a Mexican drug cartel.

PEPs & Sanctions

US Treasury Lobbies for Powers to Pursue Foreign Crypto Firms

By Editors | 30/11/2023

Deputy Secretary Wally Adeyemo said Treasury is calling for legislation authorising OFAC to exercise extraterritorial jurisdiction over transactions in USD-pegged stablecoins.

Structural Regulation

UK Court Rules That LME Nickel Trade Cancellations Were Lawful

By Editors | 30/11/2023

The court ruling supports the LME’s argument that its actions in March 2022 were necessary to prevent a potential market collapse.

PEPs & Sanctions

OFAC Sanctions Hong Kong, Singapore Companies for Iran Trade

By Editors | 30/11/2023

Sanctions target more than 20 individuals and entities accused of facilitating Iranian defence sector through companies in Hong Kong, Singapore, and elsewhere.