United States

Clearing & Post-Trade

Transitioning to T+1 Settlement: Lessons for Asian Firms

By Nithya Subramanian | 22/08/2024

Asia Pacific jurisdictions are increasingly considering moving to a T+1 securities settlement cycle following the US move in May, says DTCC’s Val Wotton.

PEPs & Sanctions

US Sanctions Former Haitian President for Drug Trafficking

By Editors | 21/08/2024

OFAC said Michel Joseph Martelly facilitated the trafficking of dangerous drugs, laundered illicit drug proceeds, and sponsored criminal gangs.

Supervision & Enforcement

US SEC’s WhatsApp Probe is Not Yet Over – Report

By Manesh Samtani | 21/08/2024

Penalties still expected against companies including BlackRock, Invesco, Charles Schwab, Blackstone, Apollo Global, Moody’s and S&P Global Ratings.

PEPs & Sanctions

Shanghai Chip Equipment Firm Sues for Removal from US Blacklist

By Editors | 20/08/2024

AMEC said it has never been involved in any military-related activities and its inclusion in the US blacklist was without legal basis.

Resolution & Recovery

China, US Exchange Letters of Cooperation on Financial Stability

By Editors | 20/08/2024

PBOC and US Treasury officials agreed to strengthen information sharing and coordinate in times of financial stress and operational resilience issues.

Market Abuse

US SEC Fines Billionaire Investor Carl Icahn for Disclosure Failures

By Editors | 20/08/2024

Carl Icahn failed to disclose pledges of more than half of his stock in publicly traded Icahn Enterprises for billions of dollars in personal margin loans.

Structural Regulation

Getting Your Ducks in a Row for APAC Rules Rewrites

By Priya Kundamal | 19/08/2024

DTCC’s Priya Kundamal discusses the lessons learned from markets that have implemented the first phase of changes to derivatives reporting rules.

Anti-Money Laundering

US SEC Fines ATS Operator OTC Link for AML Failings

By Editors | 18/08/2024

OTC Link did not file a single SAR over 38 months. Its AML department consisted of only two individuals who together spent just five hours per month reviewing trading alerts.

PEPs & Sanctions

China Imposes New Export Controls on Strategic Minerals

By Editors | 18/08/2024

The export controls apply to antimony and related products as well as certain equipment and technologies used in materials science and engineering.