United States

PEPs & Sanctions

OFAC Targets Russian Finance With Sweeping New Sanctions

By Editors | 24/11/2024

The sanctions target Gazprombank, over 50 other Russian banks, more than 40 Russian securities registrars, and 15 Russian finance officials.

PEPs & Sanctions

Myanmar Groups Call for Sanctions on Myanma Economic Bank

By Editors | 23/11/2024

Civil society groups say state-owned Myanma Economic Bank is being used to circumvent sanctions and enable the military junta to access foreign currency.

Capital Adequacy

ECB Compares EU and US Capital Requirements for Banks

By Mark Johnston | 23/11/2024

The ECB hasn’t yet decided whether to publish its analysis, which reportedly shows that EU banks would face significantly higher capital requirements if they were subject to US rules.

PEPs & Sanctions

OFAC Sanctions Six Senior Hamas Officials and Financiers

By Editors | 22/11/2024

OFAC said the targets facilitate terrorist activities, represent Hamas interests abroad, and coordinate transfers of money and goods into Gaza.

Market Abuse

Former Richmond Fed Official Pleads Guilty to Insider Trading

By Mark Johnston | 22/11/2024

The official used confidential information about FIs under Federal Reserve Bank of Richmond supervision to profit from stock trading.

Fraud, Scams & Cybercrime

Former FTX CTO Gary Wang Sentenced, Avoids Prison Term

By Nithya Subramanian | 21/11/2024

Wang’s assistance had helped convict Sam Bankman-Fried. He even built a software programme to help the DOJ detect fraud in financial markets.

Fraud, Scams & Cybercrime

Korea Extradites Russian National to US to Face Cybercrime Charges

By Editors | 21/11/2024

Evgenii Ptitsyn and co-conspirators developed and offered access to Phobos ransomware to enable others to encrypt victims’ data and extort ransom payments from them.

Market Abuse

US Court Sentences Archegos Founder to 18 Years in Jail

By Nithya Subramanian | 21/11/2024

Bill Hwang caused over $100bn in shareholder losses at companies in Archegos’ portfolio and $10bn in losses at banks that lent to the firm.

PEPs & Sanctions

OFAC Fines Individual $1.1m for Violating Iran Sanctions

By Editors | 21/11/2024

The violations related to the individual’s use of an IVTS to remit funds to Iran to purchase, renovate, and operate a hotel.