United States

Sanctions

OFAC Sanctions Eight Executives of Iranian Drone Maker

By Editors | 06/02/2023

The US has issued five rounds of designations of individuals and entities involved in transferring drones to Russia for use in Ukraine.

ESG / Sustainability

SEC Philippines Drafts Guidance on Sustainability-linked Bonds

By Editors | 06/02/2023

Under the guidelines, the issuer must be an ASEAN Issuer or a non-ASEAN issuer with KPIs linked to an ASEAN member country.

Sanctions

OFAC Targets Sanctions Evasion Network Supporting Russia

By Editors | 06/02/2023

Entities based in Singapore, Israel, Latvia, Cyprus, and Bulgaria were among those sanctioned for supporting sanctioned, state-owned Russian defence firms.

AML / KYC

New York Woman Charged for Financing Terrorist Groups With Crypto

By Editors | 06/02/2023

The case is one of the rare cases worldwide where cryptocurrency is alleged to have financed terrorism, said Manhattan District Attorney Alvin Bragg.

Crypto / Digital Assets

US Authorities Probe Crypto Bank Silvergate Over FTX Dealings

By Editors | 06/02/2023

The criminal probe is said to be focused on Silvergate’s dealings with the now-bankrupt FTX and Alameda Research, and its hosting of accounts tied to both companies.

Crypto / Digital Assets

“My Big Coin” Crypto Founder Gets Eight Year Jail Sentence

By Sam Chen | 04/02/2023

In the first sentencing of a crypto founder for a marketing fraud, prosecutors said Randall Crater defrauded investors of more than $7.5mn.

Securities / Derivatives

Ransomware Attack Against ION Markets Hit Derivatives Traders

By Manesh Samtani | 03/02/2023

The incident has forced firms to manually process derivatives trades. Ransomware gang Lockbit has threatened to publish stolen data unless a ransom is paid.

Securities / Derivatives

US SEC Proposes Amendments to Staff Trading Rules

By Sanday Chongo Kabange | 02/02/2023

Investments in financial industry sector funds will be prohibited. The SEC will be able to collect employee trading data via an automated electronic system.

Market Infrastructure

NYSE Faces Claims Over Last Week’s Trading Halts

By Editors | 01/02/2023

Charles Schwab, Robinhood, Virtu Financial and Citadel Securities are among the firms that submitted claims. The total impact is estimated at over $20mn.