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AML / KYC
US Issues New Russia Sanctions, EU Approves 6th Package
By Editors | 02/06/2022
The US is targeting more Russian government and business officials and technology. The EU approved an embargo on seaborne oil imports.
ESG / Sustainability
DWS CEO Quits Over Greenwashing Accusations
By ESG Investor | 02/06/2022
Resignation sparked by German police raids to investigate claims over mis-representation of ESG funds.
Crypto / Digital Assets
Fed Explores CBDC Impacts on Monetary Policy Implementation
By Manesh Samtani | 02/06/2022
CBDC withdrawals could reduce bank reserves, which would result in competition for funding, higher interest rates, and ultimately a larger Fed balance sheet.
Crypto / Digital Assets
Ex-OpenSea Employee Charged for Insider Trading in NFTs
By Editors | 02/06/2022
The former product manager traded on confidential information about which NFTs were going to be featured by OpenSea’s website.
ESG / Sustainability
German Prosecutors Raid DWS Offices Over ESG Claims
By Editors | 01/06/2022
“Sufficient factual evidence” has emerged that ESG factors were not taken into account in many investments, contrary to claims made in DWS fund prospectuses.
Enforcement
US SEC Penalises Online Broker Over Meme Stock Restrictions
By Mark Johnston | 01/06/2022
In January 2021, TradeZero America halted trading in three meme stocks for about 10 minutes, but later told investors it had resisted instructions from its clearing broker to do so.
Crypto / Digital Assets
Crypto Ads to be Screened in the Philippines from 7 July
By Editors | 29/05/2022
Firms advertising crypto services to Philippine users will have to provide proof they have registered with the SEC as companies and with BSP as remittance and transfer providers.
Market Infrastructure
Hong Kong, US to End Mutual Recognition of Accountants
By Editors | 29/05/2022
An agreement could not be reached about a requirement for US accountants to have one year of local experience to practise in Hong Kong.
AML / KYC
US Treasury Puts Russia on Path to Sovereign Default
By Manesh Samtani | 27/05/2022
The US Treasury Department allowed its sanctions exemption for Russian payments to US bondholders to expire.
ESG / Sustainability
US SEC Funds Proposals Aim to Tackle Greenwashing
By ESG Investor | 27/05/2022
Asset managers will be required to justify their use of ESG labels under new proposals from the SEC.
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