United States

Crypto / Digital Assets

US SEC Fines eToro $1.5m for Not Registering Crypto Services

By Nithya Subramanian | 16/09/2024

As part of the settlement, eToro is required to delist 102 crypto tokens, leaving only Bitcoin, Bitcoin Cash, and Ether available to investors.

Fintech / Regtech

FINRA Warns of Rising Cyber Risks from Outsourced Services

By Nithya Subramanian | 16/09/2024

FINRA warns of threats from data breaches, zero-day vulnerabilities, weather-related outages, and social engineering campaigns.

Enforcement

US Firm Deere & Co Fined $10m in Thailand Bribery Case

By Mark Johnston | 13/09/2024

The company’s subsidiary paid bribes to Thai officials to win government contracts and employees at another company to win sales.

Big Picture

SIFMA Calls for Technology-Neutral Approach to AI Regulation

By Nithya Subramanian | 13/09/2024

SIFMA says additional rules should only be considered if gaps are identified that existing regulatory and legal frameworks cannot address.

Sanctions

US Imposes Sanctions on Venezuelan Officials Over “Electoral Fraud”

By Editors | 13/09/2024

The sanctions target 16 Venezuelan officials aligned with Nicolas Maduro for obstructing fair elections and violating the rights of the Venezuelan people.

AML / KYC

OFAC Sanctions Cambodian Tycoon for Scam Centre Operations

By Manesh Samtani | 13/09/2024

Billionaire Ly Yong Phat was sanctioned for his role in human trafficking and human rights abuses tied to scam centre operations he controls in Cambodia.

Sanctions

US Advances Bill That Could Force Closure of Hong Kong Trade Offices

By Editors | 13/09/2024

The Hong Kong government called the House bill a “politically driven” attack that violates international law and interferes with the city’s internal affairs.

Capital / Liquidity

UK Publishes 2nd Policy Statement on Basel III Implementation

By Manesh Samtani | 13/09/2024

The new rules will come into force on 1 January 2026, which is six months later than was stated in the December proposal.

Sanctions

OFAC Sanctions Hezbollah Oil and LPG Smuggling Network

By Editors | 12/09/2024

The sanctions target a senior Hezbollah finance team official, two Lebanese businessmen and companies they operate, along with a shipping company and two vessels.