United States

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    Crypto / Digital Assets

    FTX Sues Binance to Recover $1.8b in Alleged Fraudulent Transfers

    By Nithya Subramanian | 14/11/2024

    FTX has filed a lawsuit against Binance and its former CEO, Changpeng Zhao, seeking to reclaim $1.8bn from a 2021 share buyback deal.

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    AML / KYC

    OFAC Probes UBS for Russia Risk from Credit Suisse Takeover

    By Editors | 13/11/2024

    OFAC is reportedly seeking information from UBS about the Russian clients the bank took on when it bought Credit Suisse in March 2023.

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    Enforcement

    US PCAOB Revokes Registration of China-based Accounting Firm

    By Editors | 13/11/2024

    The Shenzhen-based CPA firm was censured and had its registration revoked over reporting failures and failure to cooperate with an investigation.

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    Sanctions

    Sanctions Landscape Expected to Shift Under Trump Presidency

    By Manesh Samtani | 11/11/2024

    President-elect Donald Trump is expected to take a stronger stance against Iran, and to try to use sanctions to negotiate an end to the Russia-Ukraine war.

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    Enforcement

    US SEC Fines Invesco $17.5m over Misleading ESG Claims

    By ESG Investor | 09/11/2024

    Invesco Advisers was charged for making misleading statements about the percentage of company-wide AUM that integrated ESG factors in investment decisions.

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    Sanctions

    US DOJ Charges Freight Forwarder for Evasion of Russia Export Controls

    By Editors | 09/11/2024

    Eleview International and two senior executives transshipped dual-use and other “high priority” items to Russia via Turkey, Finland, and Kazakhstan.

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    Crypto / Digital Assets

    Major Japanese FIs Call on FSA to Allow Crypto ETFs

    By Thisanka Siripala | 07/11/2024

    MUFJ Trust Bank, Nomura, Daiwa Securities, and bitFlyer are among calling for the introduction of crypto ETFs in Japan to enhance its global competitiveness.

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    Enforcement

    US Charges Chinese Hedge Fund Manager for Stealing Trade Secrets

    By Nithya Subramanian | 06/11/2024

    Xiao Zhang allegedly stole code, projects and research from the US investment firm employing him with the intent of establishing his own operation in China.

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    Crypto / Digital Assets

    Thai SEC Directs Crypto Firms to Report Suspicious Transactions

    By Editors | 05/11/2024

    The SEC directive is a response to a case involving the alleged use of the USDT stablecoin to launder money.

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    Enforcement

    US SEC Fines JPMorgan Units $151m for Regulatory Violations

    By Editors | 05/11/2024

    The amount includes $61mn of civil penalties and $90mn of reimbursements to customers, settling five separate enforcement actions brought by the SEC.

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