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United States
Reporting & Disclosures
BCBS Postpones Climate Risk Disclosure Framework for Banks
By Thisanka Siripala | 21/11/2024
The BCBS has been unable to finalise the Pillar 3 disclosure framework for climate-related financial risks because the US refuses to endorse it.
AI Risk & Governance
EU and Singapore Strengthen Cooperation on AI Safety
By Nithya Subramanian | 21/11/2024
The US also launched the “International Network of AI Safety Institutes” to drive alignment and encourage safe, secure, and trustworthy AI innovation around the world.
Anti-Bribery & Corruption
US Authorities Charge Billionaire Gautam Adani for Bribery, Fraud
By Nithya Subramanian | 21/11/2024
The SEC also filed a complaint saying Adani induced US investors to buy $175mn in bonds by misrepresenting an aversion to paying bribes.
Anti-Money Laundering
US Court Jails Operator of Darknet Cryptocurrency Mixer ‘Helix’
By Nithya Subramanian | 21/11/2024
Helix was popular among online drug dealers to launder their illicit proceeds, processing $300m in cryptocurrency transactions between 2014 and 2017.
Supervision & Enforcement
US Finalises Rule to Expand Enforcement Authorities of CFIUS
By Editors | 20/11/2024
The final rule increases penalties for violations and expands the types of information CFIUS can demand from transacting parties and third parties.
Cryptocurrency
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.
PEPs & Sanctions
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.
Anti-Bribery & Corruption
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.
PEPs & 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.
Anti-Money Laundering
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.
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