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United States
Anti-Bribery & Corruption
3M Settles SEC Bribery Case Involving Chinese Subsidiary
By Mark Johnston | 27/08/2023
3M’s Chinese subsidiary paid nearly $1mn to fund at least 24 trips for Chinese government officials that included tourism activities.
PEPs & Sanctions
New Zealand Joins US, UK in Sanctions over Treatment of Ukrainian Children
By Editors | 27/08/2023
The New Zealand and US sanctions coincided with Ukrainian Independence Day on 24 August.
Trading & Investment
US Banks Agree to Settle Stock Lending Lawsuit for $500m
By Editors | 25/08/2023
Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS denied wrongdoing but agreed to settle the lawsuit to avoid further litigation.
PEPs & Sanctions
US Commerce Dept Removes 27 Chinese Companies from “Unverified List”
By Editors | 25/08/2023
The Unverified List is part of the US Export Administration Regulations. A company may be placed on the list when certain information about it cannot be verified.
Market Abuse
US Court Jails Former OpenSea Exec for NFT Insider Trading
By Mark Johnston | 24/08/2023
Nate Chastain will spend three months in prison, followed by three months of home confinement, and three years of supervised release.
PEPs & Sanctions
OFAC Expands Sanctions on Jet Fuel for Myanmar Military
By Editors | 24/08/2023
One of the sanctioned individuals helps Myanmar’s military regime procure jet fuel through Singapore-based holding companies.
PEPs & Sanctions
US Sanctions Tornado Cash Co-founder, Arrests Another
By Manesh Samtani | 24/08/2023
Russian national Roman Semenov was added to OFAC’s sanctions list. Another co-founder, Roman Storm, was arrested on Wednesday.
Fraud, Scams & Cybercrime
Thailand Threatens to Ban Facebook Over Fraudulent Crypto Ads
By Mark Johnston | 24/08/2023
Thailand has threatened to ban Facebook if it does not stop allowing fraudulent crypto ads on its platform.
Trading & Investment
SEC Adopts New Rules for Private Fund Advisers
By Editors | 24/08/2023
The new rules will help promote greater competition and thereby efficiency, said SEC chair Gary Gensler.
Market Abuse
Two Former JPMorgan Traders Jailed on Spoofing Charges
By Editors | 23/08/2023
Gregg Smith was sentenced to two years in prison, while Michael Nowak was sentenced to one year and one day in prison.
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