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Crypto / Digital Assets
Nasdaq Launches Options Trading on BlackRock’s Bitcoin ETF
By Editors | 20/11/2024
On the first day of trading, the options contract saw a record-breaking $1.9bn in notional exposure and drove Bitcoin to an all-time high.

Enforcement
US Agencies Probe AML Policies and Systems at Citi – Reports
By Editors | 20/11/2024
The probe centres on Citigroup’s work for Heritage Trust, which holds assets owned by a sanctioned Russian billionaire.

Enforcement
US Authorities Penalise BIT Mining Over Japan Bribery Scheme
By Mark Johnston | 20/11/2024
The bribery scheme was aimed at influencing Japanese officials in an attempt to establish an integrated resort casino in Japan.

Sanctions
OFAC Sanctions Israeli Group Over West Bank Violence
By Editors | 20/11/2024
Amana is the largest entity targeted with US sanctions for violence in the occupied West Bank by Israeli settlers.

AML / KYC
US Court Jails Bitfinex Hacker for Laundering Stolen Bitcoin
By Nithya Subramanian | 19/11/2024
Ilya Lichtenstein was sentenced to five years in prison and his wife to 18 months for their roles in the 2016 Bitfinex hack.

Sanctions
OFAC Targets Syrian Group Funding Iran’s Quds Force, Houthis
By Editors | 18/11/2024
OFAC sanctions target 13 vessels and companies in Lebanon, Panama, Iran, and the Marshall Islands that own or manage the vessels.

Sanctions
OFAC Penalises MetLife Subsidiary for Violating Iran Sanctions
By Editors | 18/11/2024
The insurer issued group medical and life insurance policies, collected premiums, and paid claims to schools and entities in the UAE and owned by Iran’s government.

Capital / Liquidity
IAIS Approved Final Version of Insurance Capital Standard
By Editors | 17/11/2024
The ICS aims to provide a globally comparable risk-based measure of capital adequacy of internationally active insurance groups.

AML / KYC
New FinCEN Alert Offers Guidance on Detecting AI Deepfakes
By Editors | 15/11/2024
The alert explains typologies and provides red flag indicators to assist in identifying fraud schemes that leverage deepfake media created with GenAI tools.

Crypto / Digital Assets
US Files Lawsuit to Recover Crypto Linked to FTX Bribery
By Nithya Subramanian | 14/11/2024
Prosecutors are suing to obtain cryptocurrency in an account allegedly connected to bribes paid to Chinese officials before FTX collapsed.
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