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United States
AML / KYC
Ex-FBI Agent Admits He Worked for Sanctioned Russian Oligarch
By Editors | 15/08/2023
Charles McGonigal, one of the highest-ranking FBI agents to ever face criminal charges, entered a guilty plea on Tuesday in New York.
Crypto / Digital Assets
US Prosecutors File Amended Indictment Against Sam Bankman-Fried
By Editors | 15/08/2023
The new indictment drops a campaign finance charge but includes an illegal campaign finance scheme as part of original fraud and money laundering charges.
Market Infrastructure
DTCC Kicks Off T+1 Settlement Testing Programme
By Editors | 15/08/2023
The testing programme was designed to support full end-to-end testing of the various processes impacted by the T+1 functional changes.
Enforcement
UBS Settles RMBS-related Misconduct Lawsuit for Over $1.4b
By Editors | 15/08/2023
The settlement brings the total amount of civil penalties paid by firms for failed RMBS leading up to the 2008 financial crisis to over USD 36 billion.
Sanctions
OFAC Sanctions Four Russians Linked to Alfa Group
By Editors | 14/08/2023
The four individuals have already been sanctioned by Australia, Canada, the EU, New Zealand, and the UK.
Sanctions
Korea Unfreezes Iranian Funds as Part of US Prison Swap Deal
By Editors | 14/08/2023
$7bn of Iran’s funds have been frozen in South Korea since May 2019, after sanctions waivers for oil imports were allowed to expire.
Crypto / Digital Assets
US Judge Revokes Bankman-Fried Bail for Witness Tampering
By Editors | 13/08/2023
Sam Bankman-Fried gave documents to journalists and tried to interfere with witnesses. He was taken to jail on Friday.
AML / KYC
US, UK, Canada Sanction Former Governor of Lebanon Central Bank
By Editors | 11/08/2023
The former governor and his close associates were sanctioned for “corrupt acts” that contributed to Lebanon’s economic crisis.
Crypto / Digital Assets
US SEC to Settle Case Against Crypto Firm Bittrex for $24m
By Editors | 11/08/2023
Bittrex and its co-founder and former CEO agreed to settle the SEC case for $24mn. The firm previously said it was exiting the US market due to a lack of regulatory clarity.
Sanctions
US, Canada, New Zealand Target Belarus With New Sanctions
By Editors | 10/08/2023
The coordinated sanctions come on the three-year anniversary of a presidential election which Alexander Lukashenko won by allegedly falsifying votes.
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