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Understanding Regulatory Trends: Digital Assets & Anti-Money Laundering | King & Spalding

Understanding Regulatory Trends: Digital Assets & Anti-Money Laundering | King & Spalding
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Biden Administration Updates February 18, 2021


Friday, February 19, 2021
This report provides a snapshot of the US Executive Branch priorities via daily schedules and the prior day’s press releases.
POTUS’ Schedule

9:45 a.m. EST – The President and The Vice President receive the President’s Daily Brief | Oval Office
10:30 a.m. EST – The President and The Vice President receive a COVID-19 briefing | Oval Office
VPOTUS’ Schedule

9:45 a.m. EST – the Vice President will receive the President’s Daily Brief in the Oval Office.
10:30 a.m. EST – The President and The Vice President will receive a briefing from members of their COVID-19 team on the COVID-19 response and the state of vaccinations. ....

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North Korean hackers indicted in cybersecurity plot involving Sony


The US justice department said on Wednesday, February 17 that three North Korean computer programmers have been charged in Los Angeles. The trio is accused of conspiring to steal and extort $1.3 billion in crypto and traditional currencies from banks and other victims through widespread cyberattacks.
According to the authorities, these cybercriminals were working for the North Korean military intelligence agency, the Reconnaissance General Bureau. As reported, they were pursuing the strategic and financial goals of the North Korean leader Kim Jong Un.
A federal grand jury charged that these three alleged hackers Jon Chang Hyok, Kim Il and Park Jin Hyok targeted banks, entertainment companies like Sony, online casinos and energy utilities. The threat actors not only targetted the US but also Bangladesh, Mexico, Indonesia, Britain, Pakistan, Vietnam and other countries. ....

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U.S. Charges North Korean Hackers Over $1.3 Billion Bank Heists


 The new indictment expands on a 2018 case against the Pyongyang hacking group blamed for attacks against Sony Pictures,, the destructive Wannacry worm, a series of brazen online bank robberies against the global financial system, and ongoing ransomware extortion schemes.
The group, known publicly as Lazarus, has also been actively draining billions of dollars from hacks against crypto-currency exchanges.
 The newest indictment adds two new North Korean defendants to the government’s case and named a third Canadian-American citizen who was part of the Lazarus group’s money laundering operations.
From the Justice Department announcement:
The hacking indictment filed in the U.S. District Court in Los Angeles alleges that Jon Chang Hyok (전창혁), 31; Kim Il (김일), 27; and Park Jin Hyok (박진혁), 36, were members of units of the Reconnaissance General Bureau (RGB), a military intelligence agency of the Democratic People’s Republic of Korea (DPRK), whic ....

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