United States

Securities / Derivatives

US SEC Shines Spotlight on Executive Compensation

By ESG Investor | 30/08/2022

US companies will be required to disclose information reflecting the relationship between executive compensation and the financial performance.

AML / KYC

Philippine Banks, Telecom Partner to Combat Cybercrime, Fraud

By Editors | 30/08/2022

BAP member banks and Globe Telecom will share data and intelligence to help counter cybercrime and fraud threats.

Market Infrastructure

US, Chinese Authorities Sign Audit Cooperation Deal

By Manesh Samtani | 29/08/2022

PCAOB inspectors will be on the ground in Hong Kong by mid-September to conduct their inspections of auditors of US-listed Chinese firms.

AML / KYC

US Lawmaker Seeks Clarity on Tornado Cash Sanctions

By Editors | 28/08/2022

US Congressman Tom Emmer says the designations against Tornado Cash wallet addresses are a “divergence from previous OFAC precedent”.

AML / KYC

BSP Calls for ‘Limited Amendment’ to Bank Secrecy Law

By Editors | 27/08/2022

BSP senior assistant governor Elmore Capule told a Senate Committee the BSP is looking for a “limited relaxation of the bank secrecy laws”.

Market Infrastructure

US, China Nears Deal to Resolve Long-running Audit Dispute

By Editors | 26/08/2022

The CSRC has informed some accounting firms that US regulators may be visiting Hong Kong in September to inspect the audit records of US-listed Chinese companies.

Crypto / Digital Assets

Malaysia SC Adds Huobi to Investor Alert List

By Editors | 25/08/2022

The Securities Commission said Huobi is operating a digital asset exchange without being registered with the regulator.

Crypto / Digital Assets

FDIC Orders Crypto Firms to Correct Misrepresentations

By Editors | 24/08/2022

Five crypto firms were ordered to correct false representations stating or suggesting that certain crypto-related products are FDIC-insured.

Capital / Liquidity

CFTC Extends No-action Relief for Foreign Nonbank Swap Dealers

By Editors | 24/08/2022

Nonbank swap dealers domiciled in Japan, Mexico, the UK and EU can rely on compliance with home country capital and financial reporting requirements until October 2024.