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United States
AML / KYC
US Fed Imposes Conditions on Customers Bank for AML Deficiencies
By Manesh Samtani | 12/08/2024
The Fed cited risk management deficiencies relating to an instant payments platform used to enable crypto firms to make around-the-clock US dollar payments.
Sanctions
JPMorgan Requests Dismissal of NY Lawsuit Against Russia’s VTB
By Editors | 12/08/2024
JPMorgan said it is seeking to dismiss the lawsuit “against its will” because it faces uncertain risks if it violates an injunction issued by a Russian court.
Securities / Derivatives
Cboe to Launch Options on VIX Futures on 14 October
By Editors | 11/08/2024
Cboe said the new options contracts will help market participants better manage portfolio risk and trade volatility, especially with the US election coming up.
Crypto / Digital Assets
NY Fed Assesses Effectiveness of Tornado Cash Sanctions
By Editors | 11/08/2024
The study found that non-cooperation with the Tornado Cash sanctions was not monetarily driven, but instead motivated by “philosophical reasons”.
Sanctions
US, UK, Canada Announce Coordinated Sanctions Against Belarus
By Editors | 11/08/2024
The sanctions mark the four-year anniversary of the 2020 presidential election in Belarus, which was widely regarded as fraudulent.
Enforcement
US Man Arrested for Facilitating DPRK Remote IT Worker Fraud
By Editors | 10/08/2024
DOJ said Matthew Isaac Knoot enabled North Korean IT workers to work for US and UK companies from locations in China, and laundered money for them.
Securities / Derivatives
Korean Securities Firms Under Fire Over US Trade Cancellations
By Manesh Samtani | 09/08/2024
A malfunction at Blue Ocean ATS, which provides connectivity to the US after-hours market, caused $457mn in trade cancellations for Korean investors.
Capital / Liquidity
US Fed Finalises New Guidance on Banks Resolution Plans
By Editors | 09/08/2024
The final guidance generally applies to banks, including foreign banks, with over $250bn in total assets, but not G-SIBs.
Crypto / Digital Assets
US Court Approves $12.7B Settlement Between CFTC, FTX
By Editors | 09/08/2024
The CFTC’s Ian McGinley said the settlement represents the largest recovery for investors in the regulator’s history.
AML / KYC
US, Germany Take Down Illicit Crypto Platform Cryptonator
By Editors | 08/08/2024
Cryptonator facilitated transactions worth USD 1.4 billion, including those linked to sanctioned entities and criminal marketplaces.
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