United States

AI Risk & Governance

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.

Reporting & Disclosures

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.

Anti-Bribery & Corruption

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.

PEPs & 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.

PEPs & 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.

PEPs & 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.

Market Abuse

US Regulators Announce $350m Penalty for JPMorgan

By Editors | 15/03/2024

The action, taken to address trade surveillance deficiencies, requires the bank to seek regulatory approval to onboard any new trading venue.

PEPs & Sanctions

OFAC Penalises Swiss Bank for Apparent Sanctions Violations

By Editors | 15/03/2024

OFAC said EFG International caused US firms to process 873 securities-related transactions on behalf of sanctioned individuals.

Cryptocurrency

Thai SEC to Allow Private Funds to Invest in Spot Crypto ETFs

By Editors | 14/03/2024

SEC Secretary General Pornanong Budsaratragoon said the funds can only be offered to institutional investors and ultra-high-net-worth investors.