United States

    image

    Liquidity Risk

    US Regulator to Propose New Short-term Liquidity Rules for Banks

    By Mark Johnston | 19/01/2024

    OCC to introduce new short-term liquidity rules for larger and midsize banks and promote the use of the Fed’s discount window.

    image

    Custody & Infrastructure

    Thai SEC Updates Crypto Rules on Retail Access, Custody, Advertising

    By Editors | 18/01/2024

    The updates remove some restrictions on retail investors, support the creation of custodial wallet provider businesses, and reduce the documentary burden presented by advertising rules.

    image

    Anti-Money Laundering

    Former VP of US Bank Pleads Guilty to AML Violations

    By Mark Johnston | 18/01/2024

    Peter McVey helped high-risk customers evade the bank’s AML controls, violating the Bank Secrecy Act.

    image

    PEPs & Sanctions

    US Sanctions Prompt China Banks to Review Russia Business

    By Editors | 18/01/2024

    The threat of secondary sanctions has prompted Chinese state-owned banks to review their Russian business and sever ties with clients on the sanctions list.

    image

    PEPs & Sanctions

    US Redesignates Yemen’s Houthis as Global Terrorist Group

    By Editors | 18/01/2024

    The designation comes with sanctions that target the group’s sources of financing and restrict its access to financial markets.

    image

    Conduct, Culture & Accountability

    US SEC Fines JP Morgan for Impeding Potential Whistleblowers

    By Nithya Subramanian | 17/01/2024

    The firm’s securities unit has been fined USD 18 million for disallowing clients from contacting the SEC.

    image

    Structural Regulation

    US House Passes Three Finance Bills to Support Taiwan

    By Mark Johnston | 16/01/2024

    The bills aim to boost Taiwan’s role in the IMF, exclude China from key banking organisations, and push for more […]

    image

    Market Abuse

    US SEC, DOJ Settle Morgan Stanley Block Trading Probe

    By Sanday Chongo Kabange | 15/01/2024

    Morgan Stanley agreed to pay more than USD 249 million to settle fraud charges and for failing to enforce information barriers.

    image

    Anti-Money Laundering

    NYDFS Announces $8m Settlement With Genesis Global Trading

    By Editors | 15/01/2024

    Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.

    image

    Anti-Money Laundering

    Crypto Firms Lead Surge in AML Fines: Report

    By Mark Johnston | 15/01/2024

    Fenergo’s annual report reveals a 57 per cent surge in penalties for non-compliance with financial regulations in 2023.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.