United States

    AML / KYC

    US DOJ Creates National Cryptocurrency Enforcement Team

    By Editors | 07/10/2021

    The NCET will cooperate with international law enforcement agencies as well as private sector actors to target the criminal misuse of cryptocurrency.

    Enforcement

    US Inspector General Probes Fed Officials’ Stock Trades

    By Sanday Chongo Kabange | 06/10/2021

    The Office of Inspector General will conduct an independent review to determine whether Fed officials violated ethics rules and the law.

    AML / KYC

    US to Gather 30 Countries to Coordinate Ransomware Response

    By Editors | 06/10/2021

    The Counter-Ransomware Initiative is aimed at improving law enforcement collaboration and stemming the illicit use of cryptocurrency.

    Securities / Derivatives

    Thailand, China to Explore Market Connectivity Initiatives

    By Editors | 05/10/2021

    SEC and CSRC officials have agreed to explore the development and implementation of connectivity initiatives between their markets.

    ESG / Sustainability

    US SEC Moves to Boost Transparency on Proxy Votes

    By ESG Investor | 03/10/2021

    The proposed rule changes will make it easier for asset owners to see how asset managers are voting at AGMs.

    Enforcement

    CFTC Penalises Interactive Brokers Over Negative Oil Prices

    By Editors | 02/10/2021

    Interactive Brokers was penalised for not adequately preparing for and configuring its electronic trading system to recognise negative prices on 20 April 2020.

    Big Picture

    BIS Turns Attention to Practical Issues of Retail CBDC

    By Editors | 30/09/2021

    The BIS and seven central banks have published three new reports exploring practical policy and implementation issues of general purpose CBDCs.

    Market Infrastructure

    Open Letter from FPIs to SEBI on T+1 Settlement

    By Editors | 30/09/2021

    ASIFMA, Asia TraderForum and The Investment Association have issued an open letter on behalf of FPIs asking SEBI to delay implementation of T+1 settlement.

    AML / KYC

    US DOJ Links Singapore, Hong Kong to Tax Evasion Case

    By Editors | 30/09/2021

    An unsealed indictment shows that six individuals and a Swiss firm used accounts in Singapore and Hong Kong to help US clients evade taxes from 2009 to 2014.

    Market Infrastructure

    ISDA to Change BSBY, Ameribor Fallback Language

    By Manesh Samtani | 30/09/2021

    The FCA said the current fallback language for credit sensitive rates puts market participants at risk of breaching their obligations under BMR.

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