United States

AML / KYC

Western Leaders Pledge to Remove Russian Banks from SWIFT

By Manesh Samtani | 28/02/2022

Western leaders have committed to removing “selected Russian banks” from the SWIFT financial messaging system to harm their ability to operate globally.

Securities / Derivatives

US SEC Proposes New Rule to Increase Short Selling Transparency

By Editors | 28/02/2022

Institutional investment managers will have to report information relating to short positions to the SEC on a monthly basis. The data will be aggregated and made available to the public.

AML / KYC

BitMEX Founders Agree Settlement for US AML Violations

By Editors | 28/02/2022

Arthur Hayes and Benjamin Delo have pleaded guilty to breaching AML laws and agreed to pay a USD 10 million fine each.

Securities / Derivatives

US Fed Approves New Trading Rules for Senior Officials

By Sanday Chongo Kabange | 27/02/2022

The rules aim to support public confidence in the impartiality and integrity of the FOMC’s work by guarding against “even the appearance of any conflict of interest”.

AML / KYC

Russia Facing Comprehensive Sanctions Over Ukraine Invasion

By Manesh Samtani | 25/02/2022

The US is targeting all ten of Russia’s largest financial institutions. Russian access to most major markets has been restricted.

Fintech / Regtech

ICE Makes ‘Strategic Investment’ in Digital Securities Platform tZero

By Editors | 24/02/2022

tZERO operates a digital marketplace for unique private assets, public equities, cryptocurrencies, and other digital assets, including NFTs.

AML / KYC

Ex-Goldman Exec Alleges BNM Was Involved in 1MDB Graft

By Editors | 24/02/2022

Tim Leissner said BNM approved a USD 1 billion overnight transfer out of 1MDB but that he could not independently verify whether a bribe was paid.

Securities / Derivatives

SET Revises Rules to Encourage Listings by Foreign Firms

By Editors | 24/02/2022

Foreign companies will now only have to retain financial advisors for 1 year after listing and the quiet period of strategic shareholders has been shortened to 1.5 years.

Securities / Derivatives

SEBI to Enhance Disclosures on IPOs by Loss-making Tech Firms

By Ranamita Chakraborty | 23/02/2022

SEBI proposes that new age technology companies be required to disclose all presentations made to pre-IPO investors during the three years prior to the IPO.