United States

Supervision & Enforcement

JPMorgan to Pay $350m in Fines for Trade Surveillance Gaps

By Mark Johnston | 20/02/2024

The bank said certain trading and order data was not feeding into its trade surveillance platforms.

PEPs & Sanctions

EU, US, UK to Respond to Death of Top Putin Critic With Sanctions

By Editors | 20/02/2024

Aleksei Navalny, who survived a poisoning four years ago, died in a remote Arctic prison where he was serving a three-decade sentence.

Trading & Investment

Philippine Exchange to Launch VWAP Trading on 1 March

By Sanday Chongo Kabange | 20/02/2024

Volume weighted average price (VWAP) trading enables investors to execute large orders without artificially inflating securities prices.

Structural Regulation

SIFMA Backs Lawsuit Against SEC Over CAT Funding Model

By Mark Johnston | 19/02/2024

SIFMA and others say the SEC has unlawfully imposed “massive costs” on broker-dealers and investors by adopting a revised CAT funding model.

PEPs & Sanctions

US Eases Restrictions on DRPK Humanitarian Activities

By Editors | 18/02/2024

NGOs will be able to engage in a broader range of humanitarian-related activities involving North Korea with fewer bureaucratic hurdles.

Sustainable Finance

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.

Anti-Money Laundering

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.

AI Risk & Governance

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.

PEPs & 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.