United States

Fraud, Scams & Cybercrime

FinCEN Joins Task Force on Preventing Fraud and Scams

By Nithya Subramanian | 29/11/2024

The task force. convened by the Aspen Institute, will seek to develop a national strategy for combating fraud and scams.

Cryptocurrency

CFTC Poised to Lead US Digital Asset Regulation Under Trump

By Thisanka Siripala | 29/11/2024

President-elect Donald Trump is expected to scale back the SEC role in favour of a more innovation-friendly regulatory framework led by the CFTC.

PEPs & Sanctions

US Appeals Court Overturns Tornado Cash Sanctions

By Editors | 28/11/2024

The court said federal law only gives OFAC the authority to sanction property, and Tornado Cash’s smart contracts do not qualify as property.

Anti-Bribery & Corruption

US Charges Against Gautam Adani Have Had Extensive Impacts

By Manesh Samtani | 27/11/2024

Opposition parties demand parliamentary probe; Kenya cancels deals; Sri Lanka opens investigation; Global banks halting credit.

PEPs & Sanctions

US Imposes New Controls on Exports to Pakistan

By Editors | 27/11/2024

The new controls are being imposed on six categories of items being sought by entities on the Entity List for “regional stability reasons”.

PEPs & Sanctions

Hong Kong Has Become a Money Laundering Hub, US Lawmakers Say

By Editors | 27/11/2024

US lawmakers are calling for a re-evaluation of the treatment of Hong Kong banks, saying the city has become a hub for money laundering and sanctions evasion.

AI Risk & Governance

US Federal Reserve Governor Cautions Against Hasty AI Regulation

By Mark Johnston | 26/11/2024

Fed Governor Michelle Bowman cautions policymakers against hastily imposing strict AI regulations, as it could hinder banking innovation.

Market Abuse

US Authorities Charge Former Co-CIO of WAMCO with Fraud

By Editors | 26/11/2024

Ken Leech disproportionally allocate winning trades to favoured portfolios and loss-making trades to disfavoured portfolios.

Market Data & Technology

NY Fed Starts Publishing SOFR With Revised Methodology

By Editors | 26/11/2024

The revised methodology removes transactions between affiliated institutions and mitigates the influence of “specials” transactions