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United States
Crypto / Digital Assets
Regulatory Responses to This Year’s Bank Failures
By Sebastian Sohn | 26/10/2023
Sebastian Sohn discusses the lessons learned from bank failures this year and the supervisory and regulatory changes we can expect as a result.
Sanctions
US, China Hold First Meetings of New Working Groups
By Mark Johnston | 25/10/2023
The US “frankly raised” areas of concern at the first economic and financial working group meetings with Chinese officials.
Enforcement
US SEC Fines BlackRock Unit Over Inaccurate Investment Descriptions
By Editors | 25/10/2023
BlackRock Advisors LLC incorrectly described a company that a fund it advised invested in and the interest rate the investment paid.
Capital / Liquidity
US Finalises Climate Risk Framework for Large Banks
By Manesh Samtani | 25/10/2023
The framework comprises a set of principles that are substantively similar to those proposed in December 2022.
Fintech / Regtech
US CFPB Proposes Rule to Implement Open Banking
By Editors | 23/10/2023
The CFPB says the proposed rule would allow consumers to “break up” with banks that provide bad service and forbid companies from misusing personal financial data.
Sanctions
China Imposes Exports Controls on Graphite Products
By Editors | 23/10/2023
China dominates global supply chains for graphite, a key material used in electric vehicle batteries.
AML / KYC
FinCEN Issues Alert to Counter Hamas Financing Activities
By Editors | 23/10/2023
The alert contains red flags that FinCEN has identified to help detect, prevent, and report potential suspicious activity related to Hamas’ terrorist financing activity.
AML / KYC
Germany’s BaFin Fines Deutsche Bank for STR Filing Delays
By Editors | 23/10/2023
BaFin said Deutsche Bank submitted suspicious transaction reports to the FIU “with a delay”.
Crypto / Digital Assets
US SEC Drops Lawsuit Against Ripple Executives
By Editors | 22/10/2023
Analysts say the move will ultimately allow the SEC to appeal the court’s earlier decision about XRP not being a security sooner.
Sanctions
US Treasury Announces Easing of Venezuela Sanctions
By Editors | 21/10/2023
A six-month general licence allows the production, sale and export of Venezuela’s oil and gas, without limitations on customers or destinations.
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