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United States
Fintech / Regtech
US Launches AI Safety Consortium With 225 Members
By Editors | 09/02/2024
Members include OpenAI, Google, Microsoft, Meta, Apple, Amazon, Nvidia, JPMorgan Chase, Bank of America, Mastercard, Visa and others.
Sanctions
OFAC Announces Russian Diamond Ban, Price Cap Sanctions
By Editors | 09/02/2024
Import ban on Russian diamonds starts 1 March 2024. New sanctions target UAE-based entities and an oil tanker.
Securities / Derivatives
US SEC Approves Post-trade Transparency Rule for Treasury Market
By Editors | 09/02/2024
Post-trade transparency in the Treasury markets will for the first time be on a trade-by-trade basis, rather than aggregated.
Securities / Derivatives
Goldman Agrees to Penalties for Trade Surveillance Failures
By Editors | 09/02/2024
Goldman did not include some of the securities it traded in surveillance reports between February 2009 and mid-April 2023.
AML / KYC
New FinCEN Rule Targets Money Laundering in Real Estate
By Editors | 09/02/2024
Certain real estate professionals would be required to report all-cash transfers of residential real estate to legal entities or trusts.
Market Infrastructure
US SEC Approves Rule Change to Shift Municipal Bonds to T+1
By Mark Johnston | 08/02/2024
The amendment promotes the completion of allocations, confirmations, and affirmations by the end of trade date for municipal securities transactions.
Securities / Derivatives
US SEC Adopts Rule to Boost Oversight of Proprietary Traders
By Editors | 07/02/2024
Firms that take on significant liquidity-providing roles in markets will be required to register as dealers and meet other requirements.
Crypto / Digital Assets
Thailand Announces Vat Exemption for Digital Asset Trading
By Editors | 07/02/2024
The Finance Ministry has dispensed of requirements to pay seven percent VAT on income derived from crypto and digital token trading.
Enforcement
US SEC Settles Charges Against China-Based Firm With No Penalty
By Sanday Chongo Kabange | 07/02/2024
The firm self-reported its violations, provided “substantial cooperation” to SEC staff, and undertook prompt remedial measures.
Enforcement
US Unseals Charges Against Iranian Oil Trafficking Network
By Editors | 05/02/2024
Nine individuals were charged over the illicit sale of Iranian oil to government-linked buyers in Russia, Syria and China.
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