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United States
Sanctions
US Commerce Dept Fines Materials Supplier for Exports to Russia
By Editors | 29/12/2024
Indium shipped solder materials used in electronics manufacturing to Russia on 11 occasions between April 2022 and March 2023
AML / KYC
OCC Issues Order Requiring BofA to Fix AML Deficiencies
By Editors | 28/12/2024
The order requires BofA to obtain OCC approval to launch new products or services that present high money laundering or sanctions risk.
Sanctions
US Extends Sanctions on HK Officials for Five More Years
By Editors | 27/12/2024
The Hong Kong government said the sanctions will ultimately harm the interests of the US and its companies.
Capital / Liquidity
US Fed Proposes Changes to Bank Stress Testing Framework
By Editors | 26/12/2024
Five US banking lobby groups filed a lawsuit a day later to force the Fed to increase transparency of its stress testing framework.
Sanctions
US Launches Probe Into Legacy Chips Made in China
By Editors | 26/12/2024
The probe will examine the impact of Chinese-made legacy chips used in everyday household goods and the defence industry.
AML / KYC
Court Reinstates FinCEN’s Beneficial Ownership Reporting Rule
By Manesh Samtani | 25/12/2024
The Court lifted an injunction that reinstates a 1 January 2025 reporting deadline. FinCEN has extended the deadline to 13 January 2025.
Enforcement
US SEC Fines Deutsche Bank Securities for Late SAR Filings
By Editors | 24/12/2024
The SEC said the firm took months or years to conduct or complete investigations prompted by law enforcement or regulatory requests.
Sanctions
Calls Grow for Sanctions Against Syria to be Lifted
By Editors | 24/12/2024
The UN special envoy to Syria, as well as Turkiye and Qatar, have called for international sanctions on Syria to be quickly lifted.
Enforcement
US Regulator Files Lawsuit Targeting Zelle and Three Major Banks
By Editors | 24/12/2024
The CFPB says JPMorgan, BofA and Wells Fargo failed to implement anti-fraud safeguards on Zelle, resulting in $870mn in losses to customers over 7 years.
Sanctions
US Sanctions Four Entities for Supporting Pakistan Missile Programme
By Editors | 23/12/2024
The entities worked to supply equipment and missile‐applicable items to Pakistan’s ballistic missile programme
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