United States

ESG / Sustainability

Anti-ESG Movement a “Red Herring”

By ESG Investor | 28/05/2023

Investors can still take the “middle path” to appease US clients while upholding sustainability-related commitments.

Sanctions

US, South Korea Announce New Sanctions on DRPK Cyber Actors

By Editors | 27/05/2023

One of the entities jointly sanctioned by the US and South Korea employs “thousands” of North Korean IT workers that operate in Russia, China and Laos.

Sanctions

[FIXED] Castellum.AI Identifies “Critical” Error in BIS Export Control Data

By Manesh Samtani | 26/05/2023

The Entity List, containing over 2,400 entries, appears to have been accidentally replaced with only the most recent 71 additions.

First Citizens Sues HSBC for Hiring Ex-SVB Employees

By Sanday Chongo Kabange | 25/05/2023

First Citizens says a former SVB executive moved to HSBC and executed a scheme to “plunder” trade secrets.

Enforcement

NYDFS Fines Lender $4.25m for Breaching Cybersecurity Rules

By Mark Johnston | 25/05/2023

OneMain Financial Group failed to properly manage access privileges and conduct due diligence on third-party vendors, NYDFS said.

Market Infrastructure

DTCC, Nomura Partner to Enhance Post-Trade Efficiency in Japan

By Mark Johnston | 25/05/2023

Through the collaboration, DTCC and Nomura Research Institute will streamline and enhance the post-trade process, enabling shorter settlement times and increased efficiency.

SEBI to Streamline Registration Process for Foreign VC Investors

By Sanday Chongo Kabange | 23/05/2023

SEBI is proposing to delegate the registration of foreign venture capital investors and related due diligence to designated depository participants.

Crypto / Digital Assets

Westpac Blocks Payments to Crypto Firms, Including Binance

By Sanday Chongo Kabange | 22/05/2023

Westpac said the move could save millions after it found that a third of all scam payments were transferred directly to crypto exchanges.

Sanctions

G7 Allies Impose Expansive New Russia-related Sanctions

By Manesh Samtani | 22/05/2023

The US issued more than 300 new designations. The UK, Canada, and Japan also announced new sanctions.