United States

Fintech / Regtech

NIST Finalises First Three Post-Quantum Encryption Standards

By Manesh Samtani | 15/08/2024

Each standard contains the computer code and instructions for encryption algorithms that can withstand attacks from a quantum computer.

AML / KYC

Global Cybercrime Leader Extradited to Face Charges in the US

By Manesh Samtani | 15/08/2024

Maksim Silnikau was responsible for developing and distributing the Reveton and Ransom Cartel ransomware strains, as well as the Angler Exploit Kit.

Enforcement

US SEC, CFTC Announce $470m in New Fines in WhatsApp Probe

By Manesh Samtani | 15/08/2024

Since 2021, the SEC and CFTC have issued more than $3.3bn in penalties for record-keeping failures involving messaging platforms.

Crypto / Digital Assets

Three Arrows Capital Sues Terraform Labs for Crypto Losses

By Editors | 14/08/2024

Liquidators for the failed crypto hedge fund say TerraForm Labs induced Three Arrows to purchase TerraUSD and Luna through market manipulation.

Sanctions

US to Remove Chinese Laser Sensor Maker from Blacklist

By Editors | 14/08/2024

The Department of Defence has reportedly decided to remove Hesai Technology Co Ltd from its blacklist of Chinese military-affiliated companies.

AML / KYC

Bulgarian Man Extradited to US Over Illegal Exports to Russia

By Editors | 14/08/2024

Milan Dimitrov conspired with two others to use a Bulgarian company to receive export-controlled items from the US and transship them to Russia.

ESG / Sustainability

ICVCM Rejects Eight Methodologies in Latest CCP Assessment

By Ranamita Chakraborty | 13/08/2024

Eight renewable energy methodologies, representing 32% of the carbon credit market, fail to meet Core Carbon Principles requirements.

Enforcement

US Court Convicts Former Mozambique Official in Bribery Case

By Editors | 12/08/2024

Following a four-week trial in New York, Mozambique’s former finance minister was found guilty for accepting $7mn in bribes.

Crypto / Digital Assets

Thailand SEC Launches Digital Asset Regulatory Sandbox

By Editors | 12/08/2024

Six types of digital asset services will be allowed to participate in sandbox testing, subject to them meeting certain qualifications.