United States

Sanctions

OFAC Sanctions More Chinese Entities Over Fentanyl Epidemic

By Editors | 01/06/2023

The Chinese embassy in Mexico said the accusations are groundless and that China has been vigorously carrying out international anti-drug law enforcement cooperation

Crypto / Digital Assets

CFTC Issues Advisory on Risks of Clearing Crypto Derivatives

By Editors | 31/05/2023

Commissioner Kristin Johnson said the advisory means a formal rulemaking process on crypto clearing is warranted.

Crypto / Digital Assets

Former Coinbase Manager Settles SEC Insider Trading Case

By Manesh Samtani | 31/05/2023

In light of the prison sentences Ishan Wahi and his brother have to serve, the SEC will not seek civil penalties apart from the disgorgement already ordered.

Market Infrastructure

SGX Lists First Thai Stocks as Depository Receipts

By Manesh Samtani | 31/05/2023

The first three SDRs were issued by Phillip Securities, representing beneficial ownership interest in the underlying securities of three SET50 companies.

Capital / Liquidity

US OCC Sets Out Policy for Addressing “Persistent Weaknesses” at Banks

By Editors | 30/05/2023

The OCC may require banks to increase capital, restrict dividends, sell assets, divest subsidiaries or exit markets if they fail to fix “persistent weaknesses”.

Sanctions

OFAC Sanctions the Head of the Wagner Group in Mali

By Editors | 30/05/2023

OFAC says the Wagner Group has been attempting to purchase military systems from foreign suppliers and routing these weapons through Mali for use in Ukraine.

Crypto / Digital Assets

US Crypto Firm Secures Special Purpose Broker-dealer Licence

By Mark Johnston | 29/05/2023

The licence, granted by FINRA, is considered an important milestone, though there are limitations of what it can be used for.

Capital / Liquidity

EU Commission Grants Antitrust Approval for UBS-Credit Suisse Merger

By Editors | 29/05/2023

The UBS acquisition of Credit Suisse has been approved in the EU, but is being complicated in China by regulatory requirements.

ESG / Sustainability

Anti-ESG Movement a “Red Herring”

By ESG Investor | 28/05/2023

Investors can still take the “middle path” to appease US clients while upholding sustainability-related commitments.