United States

PEPs & Sanctions

OFAC Sanctions Iranian Administrator of Shuttered Darknet Marketplace

By Manesh Samtani | 05/03/2025

Behrouz Parsarad was designated for contributing to the international proliferation of narcotics via his darknet marketplace, which was dismantled in 2024.

PEPs & Sanctions

China Sanctions 25 US Companies in Response to Trump Tariffs

By Manesh Samtani | 05/03/2025

15 companies added to export control list and 10 companies to “Unreliable Entity” list. Import levies on US agricultural and food products also increased.

Anti-Money Laundering

Philippine SEC Outlines Reforms for Staying Off FATF Grey List

By Thisanka Siripala | 05/03/2025

A new digital registry will modernise how the SEC manages beneficial ownership data. The regulator will also tighten rules governing crypto firms.

Market Abuse

China Tightens Scrutiny on Offshore Listings, Use of Proceeds

By Mark Johnston | 05/03/2025

Chinese firms need approval to deploy proceeds from Hong Kong share sales overseas. Small cap listings in New York are also facing scrutiny.

PEPs & Sanctions

OFAC Withdraws Licence Authorising Chevron’s Venezuela Operations

By Editors | 04/03/2025

A new general licence gives Chevon just 30 days to wind down operations instead of the six-month period normally allowed.

Fraud, Scams & Cybercrime

Singapore Charges Three for False Representation in Chip Smuggling Case

By Nithya Subramanian | 04/03/2025

The charges come after US officials started a probe last month to determine whether DeepSeek sourced advanced Nvidia chips through third parties in Singapore.

KYC & CDD

US Treasury Suspends Enforcement of Corporate Transparency Act

By Manesh Samtani | 04/03/2025

The BOI reporting rule will be amended to “narrow the scope of the rule to foreign reporting companies only”. US citizens and companies won’t have to file BOI reports.

Cryptocurrency

US President Announces Plans to Establish Strategic Crypto Reserve

By Thisanka Siripala | 03/03/2025

The Strategic Crypto Reserve would include Bitcoin, Ethereum, XRP, Solana, and Cardano. Further details have not yet been disclosed.

Cryptocurrency

US SEC Declares Meme Coins Are Not Securities

By Thisanka Siripala | 03/03/2025

The US regulator issued a statement offering regulatory clarity on how meme coins are treated under securities regulations.