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United States
ESG / Sustainability
Thailand to Allow SMEs Issue Sustainability-Themed Bonds
By Editors | 16/03/2023
Regulatory amendments will enable small “businesses of all types and sizes” to offer sustainability-themed bonds.
Enforcement
US Charges Exiled Chinese Businessman with $1b Fraud Scheme
By Editors | 16/03/2023
Guo Wengui and his financial adviser allegedly cheated thousands of investors since 2018 by promising outsized returns on various offerings.
Fintech / Regtech
US Announces July Launch Date for FedNow Service
By Editors | 16/03/2023
The Federal Reserve said it will begin the formal certification of participants for launch of the FedNow Service in the first week of April.
AML / KYC
US, German Authorities Coordinate on Takedown of Crypto Mixer
By Editors | 16/03/2023
Authorities dismantled ChipMixer’s infrastructure and seized four servers, about USD 46 million worth of bitcoin, 7 TB of data, two domains, and a Github account.
Fintech / Regtech
DTCC Offers New Tool to Facilitate LIBOR Transition
By Editors | 16/03/2023
Widespread usage of the tool will be “an important component to help ensure a successful transition,” said Tom Wipf, who chairs the ARRC.
ESG / Sustainability
New Zealand Considers Climate Reporting Exemptions for Secondary Listed Issuers
By Sanday Chongo Kabange | 15/03/2023
The exemptions seek to reduce compliance costs for foreign exempt issuers that already produce similar reporting in their home jurisdiction.
Enforcement
US OCC Fines Ex-Wells Fargo Exec for Sales Misconduct
By Editors | 15/03/2023
Carrie Tolstedt was not required to admit or deny the OCC allegations, but she faces up to 16 months in prison under a plea agreement with federal prosecutors.
Crypto / Digital Assets
US Prosecutors Probe Possible Terra Manipulation by Trading Firms
By Editors | 15/03/2023
SDNY prosecutors are said to be looking into Telegram chats among employees at Jump Trading and Jane Street from last May.
Crypto / Digital Assets
Barney Frank Says Signature Bank Was Targeted to Deliver Anti-Crypto Message
By Manesh Samtani | 15/03/2023
Barney Frank, who was on the board of Signature Bank, says the regulatory takeover was intended to send a message to US banks to stay away from crypto.
Crypto / Digital Assets
SEC Thailand Consults on Proposal to Ban Crypto Lending
By Editors | 15/03/2023
The ban is being proposed to protect investors from situations where service providers suffer financial problems or their services are discontinued.
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