What is happening Many of the largest blockchain networks today are subject to a proof-of-stake (PoS) consensus mechanism, such as Ethereum, Solana, and Polygon, which are reliant on users participating in the activity of...more
The U.S. Securities and Exchange Commission (SEC) has obtained an asset freeze and other emergency relief to stop an alleged securities fraud by former Washington state senator David Schmidt and two others, who dishonestly...more
On 27 February 2020, the Office of Foreign Assets Controls (OFAC) issued General License (GL) 8 authorizing certain humanitarian trade transactions involving the Central Bank of Iran (CBI) that are otherwise prohibited under...more
3/6/2020
/ Banks ,
Commodities ,
Economic Sanctions ,
Food Supply ,
Foreign Relations ,
General Licenses ,
Global Terrorism Sanctions Regulations (GTSR) ,
Humanitarian Assistance ,
Iran ,
Iran Sanctions ,
ITSR ,
Medical Devices ,
Office of Foreign Assets Control (OFAC) ,
Regulatory Requirements ,
Reporting Requirements ,
SDN List ,
Securities and Exchange Commission (SEC) ,
Switzerland ,
Trade Agreements
The SEC has settled its fraud action against Longfin CEO Venkata Meenavalli, who has agreed to pay $400,000 in disgorgement and penalties.
The SEC's complaint alleged that Longfin and Meenavalli obtained qualification for...more
1/21/2020
/ Blockchain ,
Civil Monetary Penalty ,
Commodities ,
Corruption ,
Criminal Investigations ,
Criminal Prosecution ,
Default Judgment ,
Disgorgement ,
Enforcement Actions ,
False Reporting ,
Filing Requirements ,
Fraud ,
Listing Rules ,
Misrepresentation ,
Nasdaq ,
Offering Fraud ,
Offerings ,
Penalties ,
Preferred Shares ,
Regulation A ,
Revenue ,
Securities and Exchange Commission (SEC) ,
Securities Transactions ,
Unregistered Securities ,
White Collar Crimes
On Friday, September 29, the SEC filed an emergency action in Federal District Court in New York against Maksim Zaslavskiy and two of his companies, REcoin Group and Diamond Reserve Club.
...more
10/5/2017
/ Blockchain ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
Financial Markets ,
Initial Coin Offering (ICOs) ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Token Sales ,
Unregistered Securities ,
Virtual Currency
Earlier this month, the Securities and Exchange Commission (SEC) announced its Office of Compliance Inspections and Examinations’ (OCIE) 2017 Examination Priorities regarding certain practices, products, and services that...more
1/31/2017
/ AML/CFT ,
Anti-Money Laundering ,
Broker-Dealer ,
BSA/AML ,
Cybersecurity ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
Financial Markets ,
OCIE ,
Personally Identifiable Information ,
Popular ,
SEC Examination Priorities ,
Securities and Exchange Commission (SEC) ,
Terrorism Funding