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Reporting & Disclosures
Japan Sets Timeline for Domestic Implementation of ISSB Standards
By Editors | 03/03/2023
Japan will issue draft sustainability disclosure standards based on the ISSB standards by 31 March 2024, and final standards by 31 March 2025.
Clearing & Post-Trade
AFME Announces Establishment of T+1 Industry Taskforce
By Editors | 02/03/2023
The task force will assess whether Europe should follow the US and other jurisdictions in moving to shorter settlement cycles.
Reporting & Disclosures
US Senate Votes to Overturn ESG Investing Rule for Retirement Funds
By Mark Johnston | 02/03/2023
The US Senate voted to repeal a Labour Department rule that allowed managers of retirement funds to consider ESG factors in their investments.
Fraud, Scams & Cybercrime
Third FTX Executive Pleads Guilty to US Fraud Charges
By Manesh Samtani | 01/03/2023
Nishad Singh created the software code that allowed FTX customer funds to be diverted to the Alameda Research hedge fund.
Fraud, Scams & Cybercrime
Class Action Alleges Banks, VC Firms Were Complicit in FTX Fraud
By Manesh Samtani | 01/03/2023
The lawsuit seeks damages from four banks, one banking executive, ten investment firms, a law firm, and two accounting firms.
AI Risk & Governance
US Banks Impose Restrictions on Use of ChatGPT
By Editors | 01/03/2023
JPMorgan, Citigroup, Goldman Sachs, Deutsche Bank, Wells Fargo and Bank of America are among those reported to have imposed restrictions.
Fraud, Scams & Cybercrime
Five Banks Settle Allegations They Aided Ponzi Scheme
By Mark Johnston | 28/02/2023
Toronto-Dominion Bank, HSBC Holdings, Independent Bank Group, Societe Generale and Trustmark Corp agreed to pay a combined USD 1.6 billion.
Cryptocurrency
New York AG Files Suit Against Crypto Exchange CoinEx
By Editors | 28/02/2023
CoinEx falsely represented itself as being an exchange and did not register as a securities and commodities broker-dealer.
Fraud, Scams & Cybercrime
US SEC Penalises SPAC for Allowing Embezzlement by CFO
By Editors | 27/02/2023
A lack of internal controls and oversight allowed the SPAC’s CFO to misappropriate cash and falsify financial reports for over a year.
Fraud, Scams & Cybercrime
US Prosecutors Unveil More Charges Against FTX Founder
By Editors | 26/02/2023
The additional charges allege that Sam Bankman-Fried conspired to commit bank fraud and to make more than 300 illegal political donations.
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