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United States
AML / KYC
CFTC Commissioner Calls for Creation of National Financial Fraud Registry
By Sanday Chongo Kabange | 12/09/2023
Commissioner Christy Goldsmith Romero says a centralised national financial fraud registry would enable the public to protect themselves from fraudsters.
Sanctions
FinCEN Sheds Light on Cases of Export Control Evasion
By Editors | 11/09/2023
SAR filings reveal that a network of China- and Hong Kong-based entities may be providing support to Russia’s military and/or defense industrial base.
AML / KYC
No Place to Hide: US Court Upholds Sanctions on Decentralised Crypto Platform
By James Gillespie | 11/09/2023
RUSI’s James Gillespie discusses what the Tornado Cash case means for holding DeFi platforms accountable under AML and sanctions laws.
Enforcement
CFTC Penalises Three DeFi Operators for Offering Services Illegally
By Editors | 11/09/2023
Commissioner Summer Mersinger dissented with the orders saying the CFTC should instead be engaging with the public on these matters.
AML / KYC
FinCEN Issues Alert on “Pig Butchering” Scams
By Editors | 11/09/2023
FinCEN provides red flags to help in the identification of pig butchering activity so that FIs can report this activity and enable law enforcement to track down the perpetrators.
Crypto / Digital Assets
Fourth Former FTX Executive Pleads Guilty to US Charges
By Editors | 10/09/2023
The former co-chief of FTX Bahamas pleaded guilty to making unlawful political donations and operating an illegal money-transmitting business.
Crypto / Digital Assets
CFTC Commissioner Urges Creation of Crypto Regulatory Sandbox
By Manesh Samtani | 10/09/2023
CFTC commissioner Caroline Pham said creating a pilot programme will enable the safe exploration of innovations involving crypto, digital assets, and tokenisation.
Enforcement
US, UK Jointly Sanction Trickbot Ransomware Actors
By Editors | 08/09/2023
The US and UK sanctioned 11 members of the Russia-based cybercrime gang. The DOJ unsealed indictments against 9 individuals, including 7 of the sanctions targets.
ESG / Sustainability
SEC Philippines to Issue Revised Sustainability Reporting Guidelines
By Sanday Chongo Kabange | 08/09/2023
The SEC says the revised guidelines will take into account the IFRS S1 and S2 standards and ensure listed companies report sustainability information consistently.
Sanctions
Bangladesh Banks Directed to Stop Transacting With Myanmar State Banks
By Editors | 07/09/2023
Citing US sanctions, Bangladesh Bank instructed banks to stop transacting with Myanma Foreign Trade Bank and Myanma Investment and Commercial Bank.
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