Enforcement

Ex-OpenSea Manager Convicted for NFT Insider Trading Scheme

05/05/2023

Nathaniel Chastain chose which NFTs to feature on OpenSea’s home page and then covertly traded those NFTs, altogether making about $57,000 in profits.

AML / KYC

Taiwan P2P Lender Collapses, Operator Arrested for Fraud

05/05/2023

The FSC is investigating five banks that dealt with the P2P lending platform, which was operated as a Ponzi scheme and stole an estimated $81.6mn from investors.

Enforcement

Goldman Under Probe for Possible Role in SVB Collapse

05/05/2023

Goldman Sachs said it is cooperating with governmental bodies in connection with their investigations and inquiries into SVB.

Market Infrastructure

India Asks State Lenders to Bring Overseas Business to GIFT City

05/05/2023

India’s government has asked public sector banks to explore consolidating the business they conduct through overseas branches to GIFT City.

Sanctions

India, Russia Suspend Efforts to Enable Trade via Rupees – Report

05/05/2023

Russia is reportedly concerned that a rupee settlement mechanism could cause it to end up with a large rupee surplus which is “not desirable”.

ESG / Sustainability

Working Group Formed to Update Bank Guidance on Biodiversity

05/05/2023

The working group, co-led by Crédit Agricole SA, First Abu Dhabi Bank and UBS, will issue updated guidance for banks on setting and achieving biodiversity targets.

ESG / Sustainability

ISSB Seeks Stakeholder Feedback on New Research Projects

05/05/2023

The ISSB is proposing to start work on three new sustainability-related research projects and a project researching integration in reporting.

Enforcement

CFTC Suspends Longest Serving Inspector General for Misconduct

05/05/2023

An oversight body for inspectors general found that Roy Lavik wasted government funds, revealed the identities of whistleblowers, and disparaged employees.

AML / KYC

Chinese Firms Block Overseas Access to Corporate Data – Reports

05/05/2023

Wind Information Co has cut off access to databases containing information about companies’ shareholders, ultimate controllers, affiliates, and other data.