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United States
Enforcement
US SEC Fines BMO Capital Markets Over Bond Desk Supervision Failure
By Nithya Subramanian | 17/01/2025
The SEC said BMO Capital Markets failed to supervise employees who sold mortgage-backed bonds using misleading marketing practices.
AML / KYC
CFPB Fines Block Inc Over Cash App Security Lapses
By Nithya Subramanian | 17/01/2025
The CFPB has fined Block for allowing fraud to proliferate and closing cases of reported fraud without even opening a legally required investigation.
Sanctions
US State Dept Publishes Strategy for Countering Wrongful Detentions
By Editors | 16/01/2025
Part of the strategy is the implementation of EO 14078, which authorises sanctions on individuals or entities responsible for or complicit in a wrongful detention.
Crypto / Digital Assets
US Supreme Court Denies Binance Petition on Securities Law Applicability
By Mark Johnston | 16/01/2025
The US Supreme Court has rejected a request to review whether US securities laws apply to Binance, which doesn’t have a physical location
AML / KYC
US Fines Crypto Firm BitMEX $100m for AML Violations
By Nithya Subramanian | 16/01/2025
The Justice Department said the penalty sends a clear message that companies which violate AML and KYC rules will face strict consequences.
Enforcement
Zambia Sanctions StanChart for Mis-selling China Property Bond
By Mark Johnston | 16/01/2025
Zambia’s SEC said Standard Chartered failed to disclose material information and used contract clauses which placed all responsibility for risk on clients
Crypto / Digital Assets
US Appeals Court Orders SEC to Explain Denial of Coinbase Petition
By Thisanka Siripala | 15/01/2025
The court said the SEC must provide a more complete explanation for its decision but did not order it to undertake a rulemaking process
Philippine SEC Directs Listed Firms to Disclose Auditor Fees
By Sanday Chongo Kabange | 15/01/2025
Listed firms must disclose the fees paid to external auditors in their annual financial statements for the period ending 31 December 2024, and thereafter.
Securities / Derivatives
SEC and ThaiBMA Release Updated Sample Bond Terms
By Editors | 14/01/2025
The revision reflects revised regulations on the issuance and offering of bonds and measure to enhance the effectiveness of the bondholders’ representative
Sanctions
OFAC, OFSI Publish MOU on Sanctions Cooperation
By Manesh Samtani | 14/01/2025
The MOU aims to foster greater alignment in sanctions enforcement by facilitating secure and collaborative information sharing.
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