ADVERTISEMENT
United States
ESG / Sustainability
Major US Asset Managers Withdraw from Climate Action 100+
By Nithya Subramanian | 16/02/2024
CA100+ expectations are said to be in conflict with US laws which require fund managers to act solely in clients’ long-term economic interest.
Enforcement
US Court Charges Digitex CEO with BSA Violations
By Mark Johnston | 16/02/2024
Founder and CEO of Digitex Futures Exchange has been indicted for failing to establish and implement an AML program as required by the Bank Secrecy Act.
Securities / Derivatives
US SEC Chair Warns Companies Against ‘AI Washing’
By Nithya Subramanian | 15/02/2024
Gary Gensler has asked companies looking to raise money from the public to be truthful and transparent about their use of AI and the associated risks.
Sanctions
OFAC Sanctions 7 Targets Over Illegal Exports to Iran
By Editors | 15/02/2024
Three individuals and four entities, including a subsidiary of Iran’s central banks, were sanctioned for illegally exporting US goods and tech to Iran.
AML / KYC
US DOJ Secures Guilty Plea in Russia Sanctions Evasion Case
By Editors | 14/02/2024
A Canadian-Russian national helped ship US-origin electronic components that were later found in Russian weapons in Ukraine.
AML / KYC
FinCEN to Extend AML/CFT Requirements to Investment Advisers
By Editors | 14/02/2024
Investment advisers would have to implement risk-based AML/CFT programmes and report suspicious activity to FinCEN.
Enforcement
NYAG Expands Fraud Lawsuit Against Crypto Firms to $3b
By Mark Johnston | 13/02/2024
Investigations have revealed that additional investors were defrauded beyond the $1bn claimed in the original suit against Gemini, Genesis and DCG, filed in October 2023.
Sanctions
US VC Firms Accused of Supporting China’s Tech Ambitions
By Editors | 13/02/2024
A report released by a US congressional committee accuses Sequoia Capital China, Qualcomm Ventures and three other VC firms of supporting China’s military.
Enforcement
US SEC Fines 16 More Firms in WhatsApp Probe
By Editors | 11/02/2024
The broker-dealer and investment adviser firms, including Oppenheimer and US Bancorp, agreed to pay a combined $81mn.
Securities / Derivatives
US Regulators Expand Reporting Requirements for Private Funds
By Manesh Samtani | 10/02/2024
The amendments will require detailed reporting on hedge funds’ concentrated positions, counterparty exposures and financing arrangements.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.