United States

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    Sanctions

    Google Sues to Prevent Further Asset Seizures by Russia

    By Editors | 28/08/2024

    Court documents have revealed that Russia seized more than $100mn from Google’s Russian bank accounts in 2022.

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    Securities / Derivatives

    Alibaba Converts HK Shares to Gain Stock Connect Inclusion

    By Editors | 28/08/2024

    Inclusion in Stock Connect is expected to provide a boost to Alibaba’s shares as well as the Hong Kong market as a whole.

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    Crypto / Digital Assets

    Crypto Founder Pleads Guilty for Defrauding Investor

    By Editors | 28/08/2024

    CluCoin founder Austin Michael Taylor used $1.14mn of investor funds at online casinos and “lost these investor funds to gambling”.

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    Enforcement

    CFTC Fines BNY Mellon for Swap Reporting Failures

    By Editors | 27/08/2024

    The CFTC said BNY failed to properly report transactions, supervise its swap dealer business, and monitor staff communications.

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    Crypto / Digital Assets

    Thai SEC Enhances Governance Standards for Crypto Firms

    By Editors | 27/08/2024

    Crypto firms must have at least five directors on their board, including two independent directors, and establish an audit committee.

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    AML / KYC

    Former Vitol Trader Pleads Guilty to Bribery Scheme

    By Editors | 27/08/2024

    Javier Aguilar and co-conspirators paid $600,000 in bribes in 2018 to two senior Mexican officials to win contracts for Vitol.

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    Enforcement

    US Warns Countries Against Allowing Russian Banks to Set Up Branches

    By Editors | 26/08/2024

    Deputy Treasury Secretary Wally Adeyemo said the US will go after the branches as well as other entities and companies that work with them.

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    Sanctions

    US Announces New Russia Sanctions Against Nearly 400 Targets

    By Editors | 26/08/2024

    The targets include individuals and entities from across 16 jurisdictions, including China, Hong Kong, Switzerland and the UAE.

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    Sanctions

    US DOJ Secures Guilty Plea in Venezuela Sanctions Evasion Case

    By Editors | 25/08/2024

    The DOJ said George Semerene Quintero lied to US suppliers and created false documents as part of a scheme to evade US sanctions and export controls.

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    AML / KYC

    TD Bank Provisions Additional $2.6b for Expected AML Penalties

    By Editors | 25/08/2024

    TD Bank said a global resolution of investigations by prudential regulators, FinCEN and the DOJ is expected by year-end.

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