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Enforcement
US Treasury Issues CFIUS Enforcement and Penalty Guidelines
By Editors | 26/10/2022
The guidelines describe three categories of conduct that may constitute a violation of foreign investment laws and regulations, and how penalties may be imposed.
Enforcement
Credit Suisse Clears Litigation Docket Ahead of Overhaul
By Editors | 25/10/2022
Credit Suisse has been cleared of FX rigging charges and settled separate cases with French and US prosecutors.
Securities / Derivatives
Thai SEC to Improve Efficiency of Private Placements
By Editors | 25/10/2022
The SEC proposes to scrap requirements for firms to seek approval for private placement offerings, provided other investor protections are in place.
Fintech / Regtech
Thai SEC, DFSA Sign MOU on Fintech, Innovation Cooperation
By Editors | 25/10/2022
The agreement will help to promote cooperation on financial services regulation and fintech and regtech innovations.
Securities / Derivatives
Nasdaq Halts At Least Four Chinese IPOs – Report
By Editors | 24/10/2022
Nasdaq will reportedly not allow certain IPOs to proceed until it can address concerns about large stock rallies seen by some Chinese issuers.
Crypto / Digital Assets
US Tax Filing Instructions Amendments Includes NFT Reference
By Editors | 24/10/2022
The new language obliged individual taxpayers to report income received from disposals of NFTs, as well as any other “digital asset”.
Enforcement
Philippine SEC Sets Out Penalties for Disclosure Violations
By Mark Johnston | 24/10/2022
Directors, trustees, and officers can be fined personally and barred for five years for failure to ensure compliance with beneficial ownership disclosure requirements.
AML / KYC
Sri Lanka Will Not Adopt Russia’s Mir Card Scheme
By Editors | 23/10/2022
The CBSL said it is not in a position to consider Russia’s request to operate the Mir card scheme in Sri Lanka, due to US sanctions.
AML / KYC
US Sanctions, Files Criminal Charges Against Russians
By Editors | 21/10/2022
The sanctions target a procurement network supplying technology to Russia. The indictment explains that crypto was used to facilitate the payments.
Market Infrastructure
IOSCO Appoints New Chair, Two Vice Chairs to Board
By Editors | 20/10/2022
IOSCO’s new chair is Jean-Paul Servais, chairman of Belgium’s FSMA. The two new vice chairs are the FSA’s Ariizumi Shigeru and the CFTC’s Rostin Behnam.
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