United States

Cryptocurrency

Major Japanese FIs Call on FSA to Allow Crypto ETFs

By Thisanka Siripala | 07/11/2024

MUFJ Trust Bank, Nomura, Daiwa Securities, and bitFlyer are among calling for the introduction of crypto ETFs in Japan to enhance its global competitiveness.

Fraud, Scams & Cybercrime

US Charges Chinese Hedge Fund Manager for Stealing Trade Secrets

By Nithya Subramanian | 06/11/2024

Xiao Zhang allegedly stole code, projects and research from the US investment firm employing him with the intent of establishing his own operation in China.

Anti-Money Laundering

Thai SEC Directs Crypto Firms to Report Suspicious Transactions

By Editors | 05/11/2024

The SEC directive is a response to a case involving the alleged use of the USDT stablecoin to launder money.

Supervision & Enforcement

US SEC Fines JPMorgan Units $151m for Regulatory Violations

By Editors | 05/11/2024

The amount includes $61mn of civil penalties and $90mn of reimbursements to customers, settling five separate enforcement actions brought by the SEC.

PEPs & Sanctions

US Commerce Dept Fines Chipmaker Over Shipments to China

By Editors | 04/11/2024

The chipmaker shipped semiconductor wafers to a Chinese firm on the Entity List without a licence, due to a data entry error that impacted its transaction screening system.

PEPs & Sanctions

OFAC Issues New Sanctions Compliance Guidance for Maritime Industry

By Editors | 03/11/2024

The guidance describes five scenarios indicative of sanctions evasion and offers recommendations for maritime sector stakeholders.

Structural Regulation

Nasdaq, Cboe Challenge SEC Amendments to Reg-NMS

By Thisanka Siripala | 01/11/2024

The amendments lower the cap on fees that exchanges can charge brokers for accessing the best displayed prices.

Fraud, Scams & Cybercrime

FTX’s Former Engineering Director Spared Prison Time

By Nithya Subramanian | 01/11/2024

Nishad Singh has avoided prison time after cooperating with prosecutors. But the court has ordered him to pay $11bn in restitution.

Structural Regulation

US Publishes First Ever National Strategy on Financial Inclusion

By Editors | 01/11/2024

The strategy calls on FIs to help consumers open transaction accounts, expand credit access for underserved communities, and help consumers build retirement savings.