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United States
Crypto / Digital Assets
BSP Urged to Take Action Against Unregistered Crypto Exchanges
By Mark Johnston | 26/06/2023
Infrawatch PH says exhibiting leniency toward unregistered crypto exchanges risks the Philippines remaining on the FATF gray list.
Enforcement
US SEC Fines JPMorgan for Inadvertently Deleting Emails
By Editors | 25/06/2023
The emails were accidentally permanently deleted during a project to delete certain historical communications from the 1970s and 1980s.
Securities / Derivatives
SET to Revamp Listing Rules and Enhance Supervision of Issuers
By Mark Johnston | 25/06/2023
The SET and MAI requirements will be more closely aligned, and the rules on delistings and backdoor listings will be tightened.
Crypto / Digital Assets
Switzerland Freezes $26m in Crypto Linked to Terra Collapse
By Editors | 25/06/2023
The assets, held at digital asset bank Sygnum, were frozen in response to a request from US and Korean authorities.
Market Infrastructure
CFTC to Propose Rule on Operational and Cyber Resilience
By Editors | 23/06/2023
CFTC commissioner sees a need for the industry to shift “from incident response to cyber resilience”. New rule will be proposed in the next few months.
AML / KYC
US, EU Push for UAE Removal from FATF Gray List
By Editors | 23/06/2023
Some officials have reportedly been pushing for UAE to be removed from the FATF’s grey list. The country could be removed in as soon as a few months.
ESG / Sustainability
CFTC Calls on Public to Report Carbon Market Misconduct
By Ranamita Chakraborty | 23/06/2023
The CFTC says whistleblowers can receive awards for reporting fraud, manipulation, “ghost” carbon credits, and double counting in carbon markets.
Market Infrastructure
Philippines Sets Temporary Replacement Rate for LIBOR
By Editors | 23/06/2023
The temporary O/N reference rate to replace LIBOR will be based on the 28-day BSP bill rate. A permanent benchmark and “credible” yield curve will be developed by January 2024.
Enforcement
Swedbank to Pay $3.4m to Settle Liability for Sanctions Violations
By Mark Johnston | 23/06/2023
Swedbank Latvia sent send payments to persons in Crimea through US correspondent banks in violation of OFAC sanctions.
Fintech / Regtech
US DOJ Launches New Section to Focus on Cyber Threats
By Mark Johnston | 23/06/2023
The new section will focus national security cyber threats, such as state-sponsored hackers, cybercriminals, and money launderers.
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