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New York settles with Paxos for $48m over BUSD compliance deficiencies
The blockchain technology company was accused of AML/KYC control failures, and insufficient oversight of its relationship with Binance.
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Senate Banking Committee releases crypto market structure discussion draft
Check out the latest moves in the government’s strategy to merge digital assets and blockchain into the American financial system.
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VC fund hit with maximum penalty for Russia sanctions breaches
OFAC said GVA had willfully violated US sanctions and ignored OFAC’s legal advice cautioning against sale or transfer of assets.
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Sanctions enforcement boosted as MOU between OFSI and OFAC strengthens information sharing
The MOU aims to facilitate the exchange of information between UK and US authorities.
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OFAC settles with SkyGeek Logistics for alleged Russian sanctions violations
SkyGeek agreed to settle its potential civil liability for six apparent violations of OFAC sanctions related to Russia’s aerospace and technology sectors.
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OFAC fines firm for sanctions lapses, failure to use technology properly
The NJ-based supply-chain logistics firm was charged because several subsidiaries’ brokerage management systems hadn’t yet been incorporated into C.H. Robinson’s system.
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The 2024 regulatory landscape and thoughts on a post-US-election version
The US election campaign is, perhaps predictably, closing amid sound and fury. We step back to take a measured view of America’s prospects.
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OFAC’s interim rule pushes recordkeeping mandate to 10 years
Amendment to Reporting, Procedures and Penalties Regulations extends recordkeeping mandates.