United States

Supervision & Enforcement

US SEC Fines Former FTX Auditor for Negligence-related Fraud

By Nithya Subramanian | 19/09/2024

Prager Metis issued two audit reports for FTX between 2021 and 2022, but failed to comply with auditing standards and apply “due care” in those audits.

Emerging Prudential Risks

US, Hong Kong Cut Rates for the First Time in Four Years

By Manesh Samtani | 19/09/2024

The last time the US Federal Reserve and HKMA lowered their benchmark interest rates was during the early days of the Covid-19 pandemic in 2020.

Market Abuse

US DOJ Probing Whether Banks Colluded During Archegos Wind-down

By Nithya Subramanian | 19/09/2024

The Justice Department is reportedly investigating whether some Wall Street banks coordinated stock sales during the Archegos collapse.

PEPs & Sanctions

US, Canada Announce New Human Rights Sanctions on Iran

By Editors | 18/09/2024

Iran’s new President Masoud Pezeshkian, who took office in July, said he will ensure that authorities do not “bother” women.

PEPs & Sanctions

Meta Blocks Russian State Media on Facebook, Instagram

By Editors | 18/09/2024

Meta’s decision came just days after OFAC imposed sanctions on RT’s parent companies Rossiya Segodnya and TV-Novosti.

Fraud, Scams & Cybercrime

FTX Founder Files Appeal Against Fraud Conviction

By Thisanka Siripala | 18/09/2024

Sam Bankman-Fried’s lawyers argue that the judge in the case undermined the defence and blocked evidence from being shown in court.

Reporting & Disclosures

US SEC Has Disbanded Enforcement Division’s ESG Task Force

By Nithya Subramanian | 18/09/2024

The SEC shut down the task force following increasing anti-ESG backlash from companies, investors, state officials and courts.

Cryptocurrency

Switzerland’s SIX Explores Launching Crypto Exchange

By Thisanka Siripala | 18/09/2024

The platform is expected to cater to the growing institutional interest in the crypto space, rather than retail investors.

PEPs & Sanctions

OFAC Sanctions More Members of Intellexa Spyware Consortium

By Editors | 18/09/2024

The sanctions target five individuals and an entity for their roles in developing, operating, and distributing commercial spyware technology marketed under the “Predator” brand.