United States

Enforcement

US Regulators Fine 12 More Entities in WhatsApp Probe

By Editors | 29/09/2023

The latest penalties target broker-dealers, their investment advisory businesses, as well as two credit rating agencies.

Securities / Derivatives

HKEX Allows Saudi Companies to Apply for Secondary Listings in Hong Kong

By Editors | 29/09/2023

Companies with a primary listing on the Saudi Exchange’s Main Market can apply for a secondary listing in Hong Kong.

Enforcement

Citigroup Fined for Violating Disclosure Obligations Under Reg BI

By Editors | 29/09/2023

Citi defaulted about 360,000 accounts to receive disclosures electronically without receiving proper consent from the customers.

Crypto / Digital Assets

US Lawmakers Introduce Bill on Custody of Digital Assets

By Editors | 28/09/2023

The Uniform Treatment of Custodial Assets Act would rescind an SEC accounting bulletin that prevents banks from providing custodial services to digital assets investors.

Securities / Derivatives

Philippine SEC Eases Disclosure Rules for Public Offerings

By Mark Johnston | 28/09/2023

The “streamlined procedures” are part of the SEC’s efforts to encourage more companies to tap the capital markets.

Sanctions

OFAC Sanctions Procurement Network for Iranian Drones

By Editors | 28/09/2023

The new sanctions target five entities and two individuals based in Iran, China, Hong Kong, Turkey and UAE.

Enforcement

UPDATED – US DOJ Probes Possible Sanctions Violations at Credit Suisse, UBS – Report

By Editors | 28/09/2023

The DOJ has requested information about how Credit Suisse and UBS handled the accounts of sanctioned clients in recent years.

AML / KYC

FinCEN to Extend Deadline for New Companies to Report Beneficial Owners

By Editors | 27/09/2023

Entities created or registered in 2024 would have 90 days instead of 30 days to file their beneficial ownership reports.

ESG / Sustainability

SFDR Overhaul Signals More Uncertainty for Managers

By ESG Investor | 27/09/2023

Review could permit greater interoperability with fund-labelling, disclosure regimes in other jurisdictions.