ADVERTISEMENT
United States
ESG / Sustainability
CFTC Calls on Public to Report Carbon Market Misconduct
By Ranamita Chakraborty | 23/06/2023
The CFTC says whistleblowers can receive awards for reporting fraud, manipulation, “ghost” carbon credits, and double counting in carbon markets.
Market Infrastructure
Philippines Sets Temporary Replacement Rate for LIBOR
By Editors | 23/06/2023
The temporary O/N reference rate to replace LIBOR will be based on the 28-day BSP bill rate. A permanent benchmark and “credible” yield curve will be developed by January 2024.
Enforcement
Swedbank to Pay $3.4m to Settle Liability for Sanctions Violations
By Mark Johnston | 23/06/2023
Swedbank Latvia sent send payments to persons in Crimea through US correspondent banks in violation of OFAC sanctions.
Fintech / Regtech
US DOJ Launches New Section to Focus on Cyber Threats
By Mark Johnston | 23/06/2023
The new section will focus national security cyber threats, such as state-sponsored hackers, cybercriminals, and money launderers.
Sanctions
US Sanctions Myanmar Ministry of Defence, Two State Banks
By Editors | 23/06/2023
OFAC said the two banks facilitate foreign currency exchanges that enable the military regime to buy weapons from foreign markets and entities.
Crypto / Digital Assets
CFTC Files Charges in First Romance Scam Case Involving Crypto
By Sanday Chongo Kabange | 22/06/2023
The CFTC says it is the first time it is handling a romance scam case involving digital asset commodities and forex.
Crypto / Digital Assets
Wall Street Firms Launch New Crypto Exchange, EDX Markets
By Editors | 22/06/2023
EDX Markets is backed by Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital, and Virtu Financial, among others.
Crypto / Digital Assets
MAS Grants Ripple In-Principle Approval to Offer DPT Services
By Editors | 22/06/2023
Ripple said the licence will allow it to offer regulated digital payment token products and services in Singapore and scale on-demand liquidity service.
Enforcement
US DOJ Charges Russian Hacker for LockBit Ransomware Attacks
By Mark Johnston | 22/06/2023
Ruslan Astamirov is the third person to be charged over the LockBit ransomware variant. A global cybersecurity advisory has also been issued.
HKEX Expands Global Footprint with New York Office
By Editors | 22/06/2023
HKEX chief Nicolas Aguzin said the new office will better connect “two of the most important financial centres in the world”.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.