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United States
Anti-Money Laundering
Russian National Receives Light Sentence for Laundering Ransomware Proceeds
By Mark Johnston | 18/04/2023
Denis Dubnikov laundered money for the Ryuk ransomware gang, but pleaded guilty and cooperated with investigators.
Cryptocurrency
US SEC Charges Crypto Firm Bittrex for Not Registering
By Editors | 18/04/2023
The SEC identified six Bittrex-listed crypto tokens as securities and said the company should have registered as a broker, exchange, and clearing agency.
DeFi & Web3
US SEC Reopens Consultation to Redefine ‘Exchange’
By Editors | 18/04/2023
The proposed rule would update the definition of “exchange” to include crypto trading systems, including DeFi systems. Two SEC Commissioners dissented.
Cryptocurrency
CME to Offer Additional BTC, ETH Options Expiries
By Editors | 18/04/2023
CME will offer expiries every business day to provide market participants with “greater precision and versatility” in managing short-term price risk.
Clearing & Post-Trade
BOE, CFTC Strengthen Supervisory Cooperation on CCPs
By Editors | 18/04/2023
The Bank of England will rely on the CFTC for supervision and oversight of US-based CCPs offering clearing services in the UK.
Market Data & Technology
DSB Launches UPI User Acceptance Test Environment
By Manesh Samtani | 17/04/2023
The UAT environment will help the industry prepare for incoming OTC derivatives reporting requirements. The full UPI Service will launch on 16 October 2023.
Climate Risk
US and Allies to Cooperate to Displace Russia from Nuclear Energy Market
By Editors | 17/04/2023
The US, UK, Canada, Japan and France will leverage their resources and capabilities to undermine Russia’s grip on supply chains.
Emerging Prudential Risks
Fed Approves UBS Acquisition of Credit Suisse US Subsidiaries
By Editors | 16/04/2023
UBS needs authorities in 58 countries to approve the merger, which will create a business with more than $5tr in total invested assets.
Market Abuse
SocGen Agrees to $105m Euribor Rigging Settlement
By Editors | 16/04/2023
If approved by the court, the settlement would mean investors have won USD 651.5 million in Euribor-rigging settlements with seven banks.
PEPs & Sanctions
US Commerce Dept Adds 12 Chinese Entities to Entity List
By Editors | 15/04/2023
The entities allegedly acquired or attempted to acquire US-origin items in support of Russia’s military effort.
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