United States

AML / KYC

US SEC Flags Deficiencies in Broker Dealer AML Programmes

By Editors | 03/08/2023

Some broker dealers had deficiencies in independent testing, staff training, customer identification and due diligence practices.

Crypto / Digital Assets

US SEC Files Charges Over $1bn in Unregistered Crypto Securities Offerings

By Editors | 01/08/2023

Richard Heart misappropriated at least $12mn of offering proceeds to purchase luxury goods, including the largest black diamond in the world.

Securities / Derivatives

US Plans More Investment Curbs on China as France Bolsters Bilateral Ties

By Editors | 01/08/2023

Amid rising US-China tensions, Biden plans further tech investment curbs. Yet, France is fostering deeper economic cooperation with China.

Sanctions

Helsinki Commission Calls for Sanctions Against Swiss Nationals

By Editors | 31/07/2023

Three Swiss nationals allegedly received bribes to release frozen funds linked to Russian officials implicated in the 2009 murder of Sergei Magnitsky.

AML / KYC

US Senate Approves Defence Bill with Provisions Targeting Crypto Mixers

By Editors | 31/07/2023

The US Senate’s approval of the 2024 NDAA includes stringent provisions aimed at cryptocurrency mixers, marking a regulatory milestone.

Securities / Derivatives

SEC Finalises Cybersecurity Disclosure Rules for Public Companies

By Editors | 31/07/2023

Public companies will be required to disclose their cyber risk management practices and report significant incidents within four business days.

Securities / Derivatives

CFTC Finalises New DCO Rule and Introduces Three Proposals

By Editors | 31/07/2023

The final rule amends reporting requirements for DCOs. The three proposals cover SEF regulations, uncleared swap confirmations, and margin requirements.

Market Infrastructure

DTCC Exits Global Markets Entity Identifier Business

By Editors | 31/07/2023

DTCC to exit Global Markets Entity Identifier operations by 22 August, partnering with GLEIF for a seamless transition.

Capital / Liquidity

US Agencies Update Guidance on Liquidity Risk, Contingency Planning

By Sanday Chongo Kabange | 31/07/2023

The guidance requires depository institutions to regularly evaluate and update their contingency funding plans, more frequently in changing market conditions.