United States

PEPs & Sanctions

OFAC Issues New Russia Sanctions Over ‘Malign Influence Efforts’

By Editors | 20/03/2024

Two individuals and their companies were sanctioned for creating fake websites designed to impersonate government bodies and media outlets with intent to deceive.

Conduct, Culture & Accountability

CFTC Fines US Bank, Oppenheimer for Record Keeping Failures

By Editors | 20/03/2024

US Bank was fined $6mn and Oppenheimer $1mn. Last month, the SEC also announced fines against Oppenheimer and a US Bank affiliate in a related case.

Cryptocurrency

US SEC Secures $21m Settlement from Crypto Lender Genesis

By Editors | 20/03/2024

Genesis will only have to pay the civil penalty after all allowed claims in its bankruptcy are settled, including claims by Gemini Earn investors.

Payments & Settlements

US Move to T+1 Settlement Poses Systemic Risk to Europe

By Mark Johnston | 20/03/2024

EFAMA says in a policy paper that the US move to a T+1 settlement cycle could dmea European fund managers would be unable to meet CLS cut-off times.

Market Abuse

China’s Didi Required to Face Investor Lawsuit Over 2021 IPO

By Editors | 19/03/2024

Besides allowing the investor lawsuit to proceed against Didi, the US court also refused to dismiss claims against banks that helped the company go public.

Fraud, Scams & Cybercrime

US DOJ Proposes 50 Year Prison Term for FTX Founder

By Mark Johnston | 19/03/2024

Prosecutors proposed a 40-50 year prison term, $11bn fine and forfeiture for Sam Bankman-Fried, who faces sentencing on 28 March.

AI Risk & Governance

US SEC Fines Two Investment Advisers for AI Washing

By Editors | 19/03/2024

“Investment advisers should not mislead the public by saying they are using an AI model when they are not,” said the SEC’s Gary Gensler.

Reporting & Disclosures

UNDP, MAS, GLEIF Launch Whitepaper on Project Savannah

By Ranamita Chakraborty | 18/03/2024

The whitepaper details Project Savannah’s goals and strategy for empowering MSMEs in sustainability reporting through three key pillars.

Anti-Bribery & Corruption

US DOJ Probes Adani Group Over Potential Bribery Allegations

By Mark Johnston | 18/03/2024

The latest probe delves into whether an Adani entity was involved in making payments to Indian officials for favourable outcomes on an energy project.