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United States
Enforcement
HSBC, Scotia Fined for Use of Unapproved Messaging Tools
By Editors | 12/05/2023
Employees, including those at senior levels and in compliance roles, used unapproved messaging tools to engage in business-related communications.
Crypto / Digital Assets
IRS, Chainalysis Team Up to Support Ukraine Law Enforcement
By Editors | 11/05/2023
The IRS is sponsoring Ukraine’s access to a Chainalysis blockchain analysis tool and also organising cyber training sessions.
FSB Assessing Role of Social Media in Bank Failures
By Sanday Chongo Kabange | 11/05/2023
Head of financial stability analysis Costas Stephanou said the FSB plans to issue a detailed report on its findings later in 2023 or next year.
Crypto / Digital Assets
Ex-Coinbase Employee Sentenced to Jail for Insider Trading
By Editors | 11/05/2023
The former Coinbase product manager was sentenced to two years in prison for feeding his brother and a friend information about upcoming crypto listings.
ESG / Sustainability
Goldman Sachs Settles Gender Bias Lawsuit for $215m
By Editors | 11/05/2023
The settlement requires Goldman to hire independent experts to analyse its gender pay gaps and performance evaluation and career advancement processes.
Crypto / Digital Assets
Bankrupt FTX Affiliate Alameda Research Hit with $44b Tax Bill
By Mark Johnston | 10/05/2023
In bankruptcy proceedings, the IRS claims would take precedence over those of unsecured creditors, including FTX’s one million users.
Market Infrastructure
Philippine SEC Issues Guidelines on Financial Instrument Identifiers
By Editors | 09/05/2023
The SEC issued guidelines on the allocation of ISIN, CFI and FISN codes to financial instruments in the Philippines.
Enforcement
US Authorities Investigating Short Sales of Banking Stocks
By Editors | 09/05/2023
SEC chair Gary Gensler said the agency would go after any form of misconduct that might threaten investors or markets.
Capital / Liquidity
Fed Warns of Credit Contraction Resulting from Bank Stress
By Editors | 09/05/2023
Ongoing stresses in the banking system could lead to a broader contraction in credit, resulting in a “marked slowdown in economic activity”.
Crypto / Digital Assets
US SEC Ordered to Respond to Coinbase Petition Within 10 Days
By Editors | 08/05/2023
The SEC must indicate whether or not it will provide formal rule-making for the digital assets sector, and the reasons for its decision.
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