United States

Reporting & Disclosures

US SEC Fines WisdomTree for ESG Compliance Failures

By Nithya Subramanian | 22/10/2024

The investment adviser agreed to pay a $4mn fine for failing to exclude fossil fuel and tobacco investments from its ESG-marketed funds.

Fraud, Scams & Cybercrime

US Authorities Arrest Man Over False SEC Tweet on Bitcoin ETFs

By Editors | 22/10/2024

The arrestee had used a SIM swap attack in January to obtain access to the SEC’s X account, while his co-conspirators issued the fraudulent tweet.

Sustainable Finance

CME Group Launches Trading in ACCU Futures on NYMEX

By Editors | 22/10/2024

CME Group’s Peter Keavey said the CBL ACCU futures contract was launched to help firms manage the risks associated with carbon reduction strategies.

PEPs & Sanctions

Chinese Drone-maker Files Suit Seeking Removal from US Blacklist

By Editors | 21/10/2024

DJI says its designation as a “Chinese military company” is wrong and has caused the company significant financial harm.

PEPs & Sanctions

OFAC Issues Sanctions Over China-Russia Drone Project

By Editors | 21/10/2024

These are the first sanctions imposed on China-based entities for “directly developing and producing complete weapons systems in partnership with Russian firms”.

PEPs & Sanctions

OFAC Sanctions More Entities, Vessels Linked to Houthi Financing

By Editors | 20/10/2024

The sanctions target vessels that illicitly transport Iranian oil and companies and captains that managed and operated the vessels, including two Indian nationals.

Anti-Bribery & Corruption

DOJ Secures $950m Settlement to Settle Bribery, Fraud Charges

By Editors | 19/10/2024

RTX Corporation, the defence contractor formerly known as Raytheon, defrauded the US government through its billings and paid bribes to secure contracts in Qatar.

Cybersecurity

NYDFS Issues Guidance on Combatting AI-Related Cyber Risks

By Nithya Subramanian | 18/10/2024

The guidance highlights four key threats arising out of AI and offers recommendations on security controls and mitigation measures.

PEPs & Sanctions

OFAC Fines Beverage Company for Violating DPRK Sanctions

By Editors | 18/10/2024

Vietnam Beverage Company Limited subsidiaries sold beer and spirits to North Korea, with the payments processed through US correspondent banks.