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United States
ESG / Sustainability
Philippine SEC Issues New Guidelines on Blue Bond Issuance
By Editors | 26/09/2023
The guidelines set out eligibility criteria for blue projects and activities, based on IFC’s Blue Finance Guidance Framework and ADB’s Green and Blue Bond Framework.
AML / KYC
US SEC Settles ESG Misstatements and AML Cases Against DWS
By Manesh Samtani | 26/09/2023
DWS said it stands by the ESG statements made in its financial disclosures and fund prospectuses and has already taken steps to address weaknesses.
US, China Launch Economic and Financial Working Groups
By Mark Johnston | 25/09/2023
The working groups will address some contentious issues, as well as areas of potential cooperation, such as climate change, global health, and financial stability.
Enforcement
US SEC Fines Citadel Securities for Violating Short-Selling Rules
By Sanday Chongo Kabange | 24/09/2023
Citadel agreed to pay $7mn to settle charges that it incorrectly marked short sale orders as long sales, and vice versa, over a five year period.
Enforcement
US Cities Obtain Green Light to Pursue Class Action Against Eight Banks
By Editors | 24/09/2023
Eight US banks are accused of conspiring to artificially inflate the interest rates on debt securities between 2008 and 2016.
Enforcement
OFAC Penalises 3M and Emigrant Bank for Iran Sanctions Violations
By Editors | 24/09/2023
3M agreed to pay $9.6mn for shipments destined for a customer in Iran. Emigrant Bank agreed to pay about $32,000 for processing transactions for two Iranian residents.
Enforcement
SEC Fines Goldman for Submitting Inaccurate Securities Trading Data
By Sanday Chongo Kabange | 24/09/2023
Goldman Sachs has agreed to USD 6 million for submitting deficient submissions that included missing or inaccurate trade data for at least 163 million transactions.
Sanctions
US Sanctions Entities Linked to Iranian Drone Production
By Editors | 23/09/2023
The sanctions target entities in Iran, China, Russia, and Turkey for aiding the production, maintenance, and procurement of drones and military aircraft by Iran.
Crypto / Digital Assets
Thai Digital Assets Exchange Set to Launch First Investment Token
By Editors | 22/09/2023
The investment token is backed by three Bangkok luxury condominium projects. The ICO raised about THB 2.4 billion (USD 67 million).
Securities / Derivatives
US SEC Adopts Amendments to Fund Naming Rules
By Editors | 21/09/2023
The new rules will help ensure that a fund’s portfolio aligns with a fund’s name and help to better protect investors, said SEC chair Gary Gensler.
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