United States

Enforcement

BNP Paribas Braces for Fine Over Unauthorised Messaging Usage

By Editors | 28/07/2023

BNP Paribas said in its mid-year earnings report that it expects a fine from the CFTC and SEC.

Crypto / Digital Assets

US Lawmakers Advance Bills to Create Regulatory Clarity for Crypto

By Manesh Samtani | 27/07/2023

The ‘Financial Innovation and Technology for the 21st Century Act’ has now advanced in key committees in the US House of Representatives.

Big Picture

Publicly Traded Companies Globally Fall Short in Codes of Conduct: Study

By Ranamita Chakraborty | 27/07/2023

LRN’s study on 200 top-traded companies in Asia, Europe and North America found that only 17 percent of them had highly effective codes of conduct.

Big Picture

US Govt Accountability Office Calls for Federal Oversight of Crypto Sector

By Editors | 27/07/2023

GAO report reveals significant regulatory gaps in crypto asset oversight, recommending comprehensive federal intervention to mitigate blockchain-related risks.

AML / KYC

US Agencies Call on Firms to Self-Disclose Sanctions Violations

By Editors | 27/07/2023

Self-reporting of sanctions and export controls violations make companies potentially eligible for “significant mitigation”.

Capital / Liquidity

FDIC Directs Banks to Fix Incorrectly Reported Uninsured Deposits

By Mark Johnston | 26/07/2023

The FDIC said some banks are understating uninsured deposits by excluding those backed by collateral, which is “incorrect”.

AML / KYC

ESMA Withdraws Recognition Decisions for UAE CCPs

By Editors | 26/07/2023

The recognition decisions were withdrawn due to the UAE’s including in the EU’s AML blacklist.

Capital / Liquidity

UBS Penalised $388m Over Credit Suisse’s Archegos Failings

By Editors | 25/07/2023

US, UK, and Swiss regulators took coordinated action to punish the “unsafe and unsound” risk management practices at Credit Suisse.

AML / KYC

Thailand Launches Initiative to Fight Investment Fraud

By Ranamita Chakraborty | 25/07/2023

The Stock Exchange of Thailand along with the Thai capital market sector, business organisations and government agencies will work together to protect investors and the public from scams.