United States

PEPs & 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 Adequacy

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.

Fraud, Scams & Cybercrime

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.

Anti-Bribery & Corruption

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.

Fraud, Scams & Cybercrime

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.

PEPs & Sanctions

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.

Supervision & 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.

PEPs & 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.

Reporting & Disclosures

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.