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United States
PEPs & 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.
Sustainable Finance
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.
PEPs & 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.
Anti-Money Laundering
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.
Anti-Money Laundering
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.
Fraud, Scams & Cybercrime
“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.
Cybersecurity
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.
Conduct, Culture & Accountability
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.
Trading & Investment
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.
PEPs & Sanctions
US, Canada, UK Announce Fresh Myanmar Sanctions
By Editors | 01/02/2023
The sanctions come two years after the February 2021 military coup. Myanmar’s air force is among the targets for its civilian bombing campaign.
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