United States

Sanctions

US and Allies Impose New Wave of Sanctions Against Iran

By Editors | 18/09/2023

The sanctions by the US, UK, Canada and Australia come one year after the death of Mahsa Amini while in the custody of Iran’s Morality Police.

Sanctions

G7 Plans to Ban Imports of Russian Diamonds – Report

By Mark Johnston | 17/09/2023

The move is part of efforts to reduce Russia’s revenues and pressure it to end its war in Ukraine.

AML / KYC

Philippine SEC Teams Up With US Counterpart, IOSCO to Tackle Securities-related Crime

By Editors | 15/09/2023

The Philippines SEC is looking to strengthen its enforcement capabilities to protect investors from securities fraud and other forms of investment scams.

Big Picture

Crypto Leaders Call For Prioritising the ‘Basics’ in Regulation

By Ranamita Chakraborty | 15/09/2023

Ripple CEO Brad Garlinghouse, BitGo CEO Mike Belshe and OKX president Hong Fang discuss the need for clear regulatory priorities in the evolving crypto landscape during a panel discussion at the Token2049 Singapore conference.

Sanctions

US Government Unveils 150 New Russia-related Sanctions

By Editors | 15/09/2023

The sanctions include two more Russia-based banks along with several Russia-based wealth management consulting, auditing, and investment firms.

Sanctions

US to Tighten Foreign Investment Scrutiny Amid China Concerns

By Mark Johnston | 15/09/2023

CFIUS will increase its compliance checks, questions, and site-visits, and hire more third-party auditors to identify deals that could impact national security.

Crypto / Digital Assets

US SEC Settles Second NFT-related Enforcement Action

By Editors | 14/09/2023

Animated web series creator will pay $1mn to settle SEC claims that it conducted an unregistered offering of crypto asset securities. Two commissioners dissented.

Enforcement

US Court Sentences Co-Founder of “OneCoin” Fraud to 20 Years

By Editors | 14/09/2023

OneCoin was a fraudulent cryptocurrency that was sold through a pyramid scheme to millions of people from 2014-2016, resulting in $4bn in worldwide losses.

Securities / Derivatives

CFTC Extends No-Action Letter for TAIFEX Swaps Clearing

By Editors | 14/09/2023

The six month extension allows US persons to continue clearing swaps on TAIFEX for proprietary trades while a formal CFTC exemption is pending.