United States

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    Sanctions

    US Sanctions Myanmar Ministry of Defence, Two State Banks

    By Editors | 23/06/2023

    OFAC said the two banks facilitate foreign currency exchanges that enable the military regime to buy weapons from foreign markets and entities.

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    Crypto / Digital Assets

    CFTC Files Charges in First Romance Scam Case Involving Crypto

    By Sanday Chongo Kabange | 22/06/2023

    The CFTC says it is the first time it is handling a romance scam case involving digital asset commodities and forex.

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    Crypto / Digital Assets

    Wall Street Firms Launch New Crypto Exchange, EDX Markets

    By Editors | 22/06/2023

    EDX Markets is backed by Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital, and Virtu Financial, among others.

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    Crypto / Digital Assets

    MAS Grants Ripple In-Principle Approval to Offer DPT Services

    By Editors | 22/06/2023

    Ripple said the licence will allow it to offer regulated digital payment token products and services in Singapore and scale on-demand liquidity service.

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    Enforcement

    US DOJ Charges Russian Hacker for LockBit Ransomware Attacks

    By Mark Johnston | 22/06/2023

    Ruslan Astamirov is the third person to be charged over the LockBit ransomware variant. A global cybersecurity advisory has also been issued.

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    HKEX Expands Global Footprint with New York Office

    By Editors | 22/06/2023

    HKEX chief Nicolas Aguzin said the new office will better connect “two of the most important financial centres in the world”.

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    Enforcement

    Terra Founder Jailed for Four Months in Montenegro

    By Mark Johnston | 22/06/2023

    Do Kwon and another former Terra executive were arrested in Montenegro in March for possessing fake passports.

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    Enforcement

    Philippines: Lenders, Subcontractors Face Charges for Borrower Harassment

    By Editors | 21/06/2023

    Charges filed under new consumer protection law which in May 2022 explicitly outlawed the harassment and humiliation of borrowers.

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    Enforcement

    US Jury Finds Ex-Goldman Sachs VP Guilty of Insider Trading

    By Mark Johnston | 21/06/2023

    Brijesh Goel tipped his friend about six potential mergers that Goldman Sachs was considering funding.

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    Fintech / Regtech

    Philippines, India Agree to Collaborate on FinTech Regulation

    By Ranamita Chakraborty | 21/06/2023

    Key representatives from the central banks and regulatory bodies of both countries have formed a joint working group.

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