United States

Four Jurisdictions “Slow” on Approvals for UBS-Credit Suisse Merger

By Editors | 20/09/2023

Internal UBS document says uncooperative regulators could jeopardise the timeline of the merger as well as other related transactions.

Crypto / Digital Assets

NYDFS Proposes Enhanced Requirements for Crypto Token Listings

By Manesh Samtani | 20/09/2023

Licensees will have to board-approved policies for listing and delisting coins. NYDFS asks firms to start drafting their coin-delisting policies now.

Enforcement

US SEC Charges NY Investment Firm for Advising Russian Oligarch

By Sanday Chongo Kabange | 19/09/2023

The SEC charged Concord Management and its owner for failing to register as investment advisers while advising a sanctioned Russian oligarch.

ESG / Sustainability

US Treasury Publishes Net Zero Guidance for Financial Institutions

By Editors | 19/09/2023

Adherence will help promote consistency and credibility in how financial institutions implement their net-zero commitments, Treasury said.

Enforcement

US Court Jails Former Deutsche Bank Exec for Crypto Fraud

By Mark Johnston | 19/09/2023

Rashawn Russell, who operated a fake cryptocurrency investment fund and an identity theft scheme, was sentenced to 30 years in prison.

Sanctions

OFAC Sanctions Iran’s Former President, Intelligence Ministry

By Editors | 19/09/2023

The sanctions were announced after the completion of a prisoner swap, which saw five US citizens released from Iranian detention.

Sanctions

US and Allies Impose New Wave of Sanctions Against Iran

By Editors | 18/09/2023

The sanctions by the US, UK, Canada and Australia come one year after the death of Mahsa Amini while in the custody of Iran’s Morality Police.

Sanctions

G7 Plans to Ban Imports of Russian Diamonds – Report

By Mark Johnston | 17/09/2023

The move is part of efforts to reduce Russia’s revenues and pressure it to end its war in Ukraine.

AML / KYC

Philippine SEC Teams Up With US Counterpart, IOSCO to Tackle Securities-related Crime

By Editors | 15/09/2023

The Philippines SEC is looking to strengthen its enforcement capabilities to protect investors from securities fraud and other forms of investment scams.