United States

PEPs & Sanctions

OFAC Fines Italian Animation Company for Sanctions Violations

By Editors | 27/06/2024

Mondo TV made wire transfers via US financial institutions to an animation studio owned by the North Korean government.

Conduct, Culture & Accountability

ASIC Issues Guidance on Communications Surveillance

By Editors | 26/06/2024

A new information sheet calls for market intermediaries to ensure effective monitoring and supervision of business communications.

Capital Adequacy

CFTC Approves Four Comparability Determinations for Foreign Jurisdictions

By Editors | 26/06/2024

Certain swap dealers in Japan, Mexico, the EU, and UK can satisfy certain US capital and financial reporting requirements by complying with home country rules.

PEPs & Sanctions

OFAC Targets Iranian ‘Shadow Banking’ Network With Sanctions

By Editors | 26/06/2024

The sanctions target 25 companies based in Hong Kong, 13 in UAE, five in Iran, and one each in Türkiye and Marshall Islands.

Capital Adequacy

US Fed Proposes Changes to Bank Capital Reform Plan

By Manesh Samtani | 26/06/2024

The Fed proposed changes to the FDIC and OCC that would significantly lessen the capital increase required of banks under the reform plan.

Trading & Investment

Thailand Revises Rules on Short Selling, Algorithmic Trading

By Sanday Chongo Kabange | 26/06/2024

The revised rules introduce the uptick rule and a registration requirement for HFT investors, among other measures, effective from 1 July.

Structural Regulation

US Teasury Proposes Rules to Curb Investment in Chinese Tech

By Editors | 25/06/2024

The proposed rules prohibit US investment in certain technologies and products, and require notification for certain other transactions.

Trading & Investment

Nasdaq Scrutinising IPO Applicants from China, Hong Kong

By Mark Johnston | 25/06/2024

Nasdaq officials have reportedly been inquiring into the identities and independence of pre-IPO investors of Chinese and Hong Kong companies seeking to list in the US.

Resolution & Recovery

US Regulators Identify Shortcomings in Bank Resolution Plans

By Editors | 25/06/2024

BofA, Goldman, JPMorgan and Citi are required to address the identified shortcomings in their next resolution plans, due by 1 July 2025.