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United States
Crypto / Digital Assets
US SEC Secures $21m Settlement from Crypto Lender Genesis
By Editors | 20/03/2024
Genesis will only have to pay the civil penalty after all allowed claims in its bankruptcy are settled, including claims by Gemini Earn investors.
Big Picture
US Move to T+1 Settlement Poses Systemic Risk to Europe
By Mark Johnston | 20/03/2024
EFAMA says in a policy paper that the US move to a T+1 settlement cycle could dmea European fund managers would be unable to meet CLS cut-off times.
Enforcement
China’s Didi Required to Face Investor Lawsuit Over 2021 IPO
By Editors | 19/03/2024
Besides allowing the investor lawsuit to proceed against Didi, the US court also refused to dismiss claims against banks that helped the company go public.
Enforcement
US DOJ Proposes 50 Year Prison Term for FTX Founder
By Mark Johnston | 19/03/2024
Prosecutors proposed a 40-50 year prison term, $11bn fine and forfeiture for Sam Bankman-Fried, who faces sentencing on 28 March.
Enforcement
US SEC Fines Two Investment Advisers for AI Washing
By Editors | 19/03/2024
“Investment advisers should not mislead the public by saying they are using an AI model when they are not,” said the SEC’s Gary Gensler.
ESG / Sustainability
UNDP, MAS, GLEIF Launch Whitepaper on Project Savannah
By Ranamita Chakraborty | 18/03/2024
The whitepaper details Project Savannah’s goals and strategy for empowering MSMEs in sustainability reporting through three key pillars.
Enforcement
US DOJ Probes Adani Group Over Potential Bribery Allegations
By Mark Johnston | 18/03/2024
The latest probe delves into whether an Adani entity was involved in making payments to Indian officials for favourable outcomes on an energy project.
Sanctions
Russia Imposes New Personal Sanctions on 227 US Citizens
By Editors | 17/03/2024
The sanctions target several current and former State Department officials, along with journalists, researchers, and members of the business community.
Sanctions
OFAC Targets Another Vessel Over Iran Commodity Shipments
By Editors | 17/03/2024
The sanctions target a Panama-flagged vessel which OFAC says headed to China carrying Iranian commodities received on behalf of a Houthi financial facilitator.
Sanctions
G7 Warns of Sanctions if Iran Delivers Missiles to Russia
By Editors | 17/03/2024
If Iran delivers ballistic missiles to Russia, Iran Air flights to European cities could be suspended, among other unspecified measures.
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