United States

PEPs & Sanctions

UK, US, EU Announce Fresh Sanctions Against Iran

By Editors | 24/04/2023

US sanctions four senior Iranian law enforcement and military officials; EU sanctions eight Iranians and telco provider; UK sanctions four IRGC commanders.

Capital Adequacy

US Fed Considers Closing ‘Loophole’ for Midsize Banks

By Editors | 24/04/2023

The Fed is considering removing an exemption that allows midsize banks to avoid disclosing and holding capital against unrealised losses on “available for sale” securities.

Emerging Prudential Risks

US Regulators Propose Stricter Approach to Supervising Non-banks

By Editors | 24/04/2023

The proposals will make it easier to designate investment managers, insurers and other nonbank financial groups as systemically important.

Data Privacy

US Consumer Protection Agency Suffers Data Breach

By Editors | 24/04/2023

A  CFPB employee sent spreadsheets and other documents containing data of over 250,000 consumer accounts to their personal email account.

Cryptocurrency

US Government to Allow Voyager-Binance.US Deal to Proceed

By Editors | 24/04/2023

The DOJ is prepared to allow the deal to proceed, provided that the contentious elements be put on hold pending a legal appeal.

Cryptocurrency

VC Firm Tribe Capital Eyes $250m Fund Raise to Restart FTX

By Mark Johnston | 24/04/2023

FTX’s creditors are in talks with Tribe Capital, a venture capital firm that is interested in leading a $250mn fund raise to restart the exchange.

PEPs & Sanctions

US Fines Seagate Over Hard Drive Shipments to Huawei

By Sanday Chongo Kabange | 24/04/2023

Seagate was fined $300mn, the largest standalone administrative penalty in BIS history, for shipping hard drives to Huawei in violation of US export controls.

Fraud, Scams & Cybercrime

ChatGPT Could ‘Turbocharge’ Fraud and Scams: US FTC Chair

By Editors | 23/04/2023

The FTC plans to use existing authorities to pursue companies who misuse AI to violate laws against unfair and deceptive acts.

Climate Risk

Investors to Hold US Banks, Insurers to Account on Climate

By ESG Investor | 23/04/2023

This AGM season, investors have filed numerous shareholder resolutions to accelerate finance sector action to address climate risks and meet net zero commitments.