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United States
Capital / Liquidity
Fed, FDIC Probe Adequacy of Oversight at Collapsed Banks
By Manesh Samtani | 29/03/2023
Fed review of SVB will consider supervisory failures. FDIC is investigating misconduct by bank directors, officers, and other parties.
AML / KYC
CFTC Alleges Binance is Operating in the US Illegally
By Editors | 28/03/2023
The CFTC says Binance’s US activities were subject to registration and regulatory requirements but that key executives deliberately disregarded these requirements.
Sanctions
OFAC Adds More Belarus Officials to Sanctions List
By Editors | 27/03/2023
The sanctions target Alexander Lukashenko’s presidential aircraft, two major automotive manufacturers, and election officials.
Capital / Liquidity
First Citizens Bank to Takeover SVB Deposits and Loans
By Manesh Samtani | 27/03/2023
The FDIC and First Citizens Bank & Trust Co will share the losses and potential recoveries on commercial loans made by SVB.
Sanctions
New US Sanctions Target Myanmar Jet Fuel Supplies
By Editors | 27/03/2023
OFAC published an alert explaining the sanctions risks associated with providing jet fuel to Myanmar’s military regime.
Capital / Liquidity
US Lender PacWest Facing Lawsuit Despite Securing Lifeline
By Editors | 27/03/2023
Regional bank PacWest secured $1.4bn in additional liquidity via Atlas SP Partners, an investment firm launched out of Credit Suisse’s securitised-products group.
Enforcement
US DOJ Arrests and Charges Founder of Hacker Forum
By Editors | 25/03/2023
BreachForums is one of the world’s largest marketplaces for hacked and stolen data and other contraband.
Crypto / Digital Assets
US SEC Warns Against Investing in Crypto Assets
By Sanday Chongo Kabange | 24/03/2023
The SEC warns against dealing with unregistered crypto platforms and in unregistered crypto asset securities, though it doesn’t have a registration path for such products.
AML / KYC
Credit Suisse, UBS Under US Sanctions Probe – Report
By Editors | 24/03/2023
Credit Suisse and UBS were included in a wave of subpoenas sent out by the DOJ before their merger agreement was announced.
Crypto / Digital Assets
UPDATED – Terraform Labs Founder Do Kwon Arrested and Charged
By Editors | 24/03/2023
Do Kwon was arrested in Montenegro. SDNY prosecutors released an indictment and will seek his extradition to the US.
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