United States

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    Sanctions

    US, South Korea Announce New Sanctions on DRPK Cyber Actors

    By Editors | 27/05/2023

    One of the entities jointly sanctioned by the US and South Korea employs “thousands” of North Korean IT workers that operate in Russia, China and Laos.

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    Sanctions

    [FIXED] Castellum.AI Identifies “Critical” Error in BIS Export Control Data

    By Manesh Samtani | 26/05/2023

    The Entity List, containing over 2,400 entries, appears to have been accidentally replaced with only the most recent 71 additions.

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    First Citizens Sues HSBC for Hiring Ex-SVB Employees

    By Sanday Chongo Kabange | 25/05/2023

    First Citizens says a former SVB executive moved to HSBC and executed a scheme to “plunder” trade secrets.

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    Enforcement

    NYDFS Fines Lender $4.25m for Breaching Cybersecurity Rules

    By Mark Johnston | 25/05/2023

    OneMain Financial Group failed to properly manage access privileges and conduct due diligence on third-party vendors, NYDFS said.

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    Market Infrastructure

    DTCC, Nomura Partner to Enhance Post-Trade Efficiency in Japan

    By Mark Johnston | 25/05/2023

    Through the collaboration, DTCC and Nomura Research Institute will streamline and enhance the post-trade process, enabling shorter settlement times and increased efficiency.

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    SEBI to Streamline Registration Process for Foreign VC Investors

    By Sanday Chongo Kabange | 23/05/2023

    SEBI is proposing to delegate the registration of foreign venture capital investors and related due diligence to designated depository participants.

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    Crypto / Digital Assets

    Westpac Blocks Payments to Crypto Firms, Including Binance

    By Sanday Chongo Kabange | 22/05/2023

    Westpac said the move could save millions after it found that a third of all scam payments were transferred directly to crypto exchanges.

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    Sanctions

    G7 Allies Impose Expansive New Russia-related Sanctions

    By Manesh Samtani | 22/05/2023

    The US issued more than 300 new designations. The UK, Canada, and Japan also announced new sanctions.

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    Crypto / Digital Assets

    NYAG Fines Crypto Wallet Provider for Misleading Investors

    By Editors | 21/05/2023

    Coin Cafe had advertised free wallet storage for Bitcoin, but then routinely charged and increased its fees “without properly informing investors”.

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    Sanctions

    Price Cap Policy for Russian Oil is Working: US Treasury Report

    By Editors | 20/05/2023

    Oil revenues now account for 23 percent of the total Russian budget, compared to 30-35 percent before the war in Ukraine.

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