United States

Crypto / Digital Assets

US SEC Settles Charges Against Crypto Firm Abra

By Editors | 30/08/2024

The SEC said Abra operated as an unregistered investment company and sold a retail crypto asset lending product that should have been registered.

AML / KYC

FinCEN Finalises AML Rules for Investment Advisers, Real Estate

By Manesh Samtani | 30/08/2024

Based on feedback to the February proposals, the final rules walk back certain measures to reduce potential burdens on businesses.

Crypto / Digital Assets

US SEC Planning Legal Action Against NFT Platform OpenSea

By Editors | 29/08/2024

OpenSea CEO Devin Finzer said the SEC is threatening to sue because “they believe NFTs on our platform are securities”.

AML / KYC

NYDFS Fines Nordea Bank $35mn for AML Failures

By Editors | 29/08/2024

NYDFS said Nordea’s deficient AML programme exposed it to a “high risk of criminal abuse” which was “imported” to New York’s financial system.

Sanctions

US Sanctions Israeli NGO and Civilian Security Officer

By Editors | 29/08/2024

The NGO and security officer were sanctioned for providing support to sanctioned Israeli settlers in the West Bank.

Securities / Derivatives

US SEC Charges Chinese Asset Manager and CEO with Fraud

By Nithya Subramanian | 29/08/2024

The SEC accused QZ Asset Management, QZ Global, and CEO Blake Yeung of using false claims about their investments to defraud investors.

Crypto / Digital Assets

CME to Launch Weekly Bitcoin Futures on 30 September

By Editors | 29/08/2024

The new contracts will be cash-settled at 4pm New York time every Friday to help investors mitigate weekend price moves.

Enforcement

Austal and Australian Parent Settle US Fraud Charges for $24m

By Editors | 28/08/2024

Austal manipulated its financial results to avoid falling short of analyst expectations and mislead shareholders, the SEC and DOJ said.

Enforcement

Thailand Vows Stronger Action Against Capital Market Crime

By Nithya Subramanian | 28/08/2024

AMLO, SEC and SET signed an MOU agreeing to collaborate in the fight against illegal securities trading activities.