Enforcement

US Prosecutors Charge FTX Founder for FCPA Violation

29/03/2023

Sam Bankman-Fried allegedly bribed at least one Chinese official to secure the release of $1bn in frozen assets.

Securities / Derivatives

Credit Agricole Launches Investment Banking Unit in China

29/03/2023

The new investment banking unit will focus on cross-border M&A, encompassing purchases, disposals and capital raising.

Capital / Liquidity

FINMA May Discipline Credit Suisse Managers

29/03/2023

FINMA president Marlene Amstad said Credit Suisse had a cultural problem and made numerous mistakes over several years.

Market Infrastructure

CPMI Calls for Action to Boost PvP Adoption in FX Trades

29/03/2023

CPMI proposes steps private and public sector stakeholders can take to foster greater PvP adoption in FX trades to reduce settlement risk.

AML / KYC

FinCEN Issues Guidance on Reporting Beneficial Ownership

29/03/2023

The guidance is intended to help businesses understand new beneficial ownership information reporting requirements that come into effect on 1 January 2024.

Securities / Derivatives

LME Resumes Asian Hours Trading in Nickel

29/03/2023

The LME hopes the expanded hours will boost nickel trading volumes, which were little changed on Monday.

AML / KYC

EU Lawmakers Agree New AML/CFT Rules

29/03/2023

Members of the European Parliament approved draft AML/CFT legislation, including plans for the new Anti-Money Laundering Authority.

Securities / Derivatives

CSRC Proposes to Update Rules for Futures Companies

28/03/2023

Futures companies will be allowed to expand their business scope to areas like consulting, market-making, proprietary trading and asset management.

Australia Won’t Force Banks to Reimburse Scam Losses

28/03/2023

Minister Stephen Jones reportedly said compensation for scams should only be required if banks have not met consumer protection standards.