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United States
Enforcement
US Court Dismisses Archegos-related Lawsuit Against Banks
By Editors | 01/04/2023
The judge ruled that Goldman Sachs and Morgan Stanley were not liable to investors for selling stocks they knew Archegos would be forced to sell.
Market Infrastructure
Rules Proposed to Adopt T+1 in US Muni Bond Market
By Editors | 31/03/2023
US equities and corporate bond markets will move to T+1 on 28 May 2024. The same implementation date is proposed for municipal securities.
Enforcement
Bankman-Fried Enters Not Guilty Plea to Revised Indictment
By Editors | 31/03/2023
Bankman-Fried previously pleaded not guilty to eight charges. Four charges were added last month and a bribery charge earlier this week.
Crypto / Digital Assets
US SEC Forces Shut Down of Crypto Platform Beaxy
By Sanday Chongo Kabange | 30/03/2023
The SEC charged Beaxy and its affiliates for performing the functions of an exchange, broker, clearing agency, and dealer without registration.
AML / KYC
Real Estate Sector Vulnerable to BEC Threats: FinCEN
By Editors | 30/03/2023
FinCEN published a report on the patterns and trends of business email compromise scams targeting the real estate sector.
AML / KYC
Credit Suisse Violated 2014 Plea Deal with US DOJ
By Manesh Samtani | 30/03/2023
UBS could be forced to pay US authorities $1.3bn – the amount Credit Suisse had discounted from its 2014 plea deal.
Enforcement
JPMorgan’s Dimon to Give Sworn Deposition for Epstein Lawsuits
By Editors | 29/03/2023
Last week, a judge ruled that JPMorgan Chase and Deutsche Bank must both face sex trafficking lawsuits related to the late Jeffrey Epstein.
Enforcement
US Prosecutors Charge FTX Founder for FCPA Violation
By Editors | 29/03/2023
Sam Bankman-Fried allegedly bribed at least one Chinese official to secure the release of $1bn in frozen assets.
AML / KYC
FinCEN Issues Guidance on Reporting Beneficial Ownership
By Editors | 29/03/2023
The guidance is intended to help businesses understand new beneficial ownership information reporting requirements that come into effect on 1 January 2024.
AML / KYC
26 Countries Commit to Transparent Beneficial Ownership
By Manesh Samtani | 29/03/2023
The US-led initiative commits participating countries to implementing the FATF’s revised Recommendation 24 to combat corruption.
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