KAPITALBANC & TRUST
What we do
Dealing with the impact of sanctions on financial instruments
EU and US sanctions against Russia and China has created a new compliance burden for all segments of financial services. The latest Executive Orders placed on China by the US also imposes indirect sanctions on financial instruments issued by sanctioned entities.
Sanctions of this nature are unprecedented and make it imperative that organisations trading financial instruments remain compliant and avoid violating sanctions regulations, which can result in potentially significant financial and reputational damage.
• How EO 14032 will impact compliance policies relating to China
• An update on how securities are sanctioned by OFAC, the UN, the EU, and the JMOF
• Challenges associated with sanction compliance for financial instruments
• Best practice for identifying sanctioned entities and screening funds
• Practical example with World-Check Financial Instrument Risk Intelligence
- Price analysis 9/25: SPX, DXY, BTC, ETH, BNB,...
The strength in the United States dollar index could keep Bitcoin and select altcoins under pressure in the near term. Bitcoin’s (BTC) weakness on Sep. 24 shows that the bears remain in control. Sellers are trying to pull the price below $26,000 but the bulls are likely to defend the level with vigor. Buyers are trying to achieve a positive monthly close for Bitcoin in September for the first time since 2016.If they can pull it off, it will be a major sentiment booster as […]
- $200M Mixin Network hack draws controversy
Xiaodong Feng, Mixin's founder, immediately outlined a compensation plan but would only reimburse up to 50% of users' assets for now. Hong Kong-based decentralized cross-chain transfer protocol Mixin Network is drawing controversy over the disclosure of a $200 million hack on Sept. 25.In a post on Sept. 25, Zhuoer Jiang, CEO of Bitcoin mining pool BTC.TOP, claimed that BTC stored in the Mixin protocol "should have never been stolen in the first place." Jiang claims that, […]
- Bitcoin price fights for $26K as US dollar...
Bitcoin faces the highest levels in the U.S. Dollar Index of 2023 so far as BTC price action wobbles. Bitcoin (BTC) hugged $26,000 at the Sept. 24 Wall Street open as a weekly close “nosedive” brought lasting consequences.BTC/USD 1-hour chart. Source: TradingViewBitcoin must preserve support now, analysis saysData from Cointelegraph Markets Pro and TradingView showed BTC price trajectory uncertain after briefly piercing $26,000 support.Sideways weekend trading soon […]
- Huobi Global hacked for $7.9M: Report
HTX crypto exchange has been hacked, but it claims to know the identity of the attacker. Huobi Global’s HTX crypto exchange was hacked on Sept. 24, according to a report from blockchain analytics platform Cyvers. A total of $7.9 million of crypto has been drained in the attack.A known Huobi hot wallet posted a message to the attacker in Chinese. According to the message, the exchange knows the identity of the attacker and has offered to let them keep 5% of the drained […]
- Amazon invests $4B in Anthropic AI startup
Amazon has agreed to invest $4 billion into the artificial intelligence startup Anthropic to develop high-performing foundation models. Amazon and artificial intelligence (AI) startup Anthropic have announced a new investment agreement to aid the research and development of new high-performing foundation models. In a post on X (formerly Twitter), Anthropic revealed that Amazon will invest $4 billion in its work and give it access to Amazon Web Services Trainium and […]