United States

ESG / Sustainability

NYDFS Proposes Guidance on Climate Risk Management

By Editors | 27/12/2022

The guidance focuses on corporate governance; internal control framework; risk management process; data aggregation and reporting; and scenario analysis.

Securities / Derivatives

Thai SEC Launches New Mutual Fund Comparison Tool

By Editors | 27/12/2022

The SEC began developing the “SEC Fund Check” application in Q2 2019. A separate application called “SEC Bond Check” is also under development.

WTO Rules Against US in Hong Kong Labelling Dispute

By Editors | 23/12/2022

A WTO panel found that the US violated an obligation towards Hong Kong by giving it less favourable treatment than other WTO members.

AML / KYC

FTX, Alameda Execs Plead Guilty to US Fraud Charges

By Manesh Samtani | 23/12/2022

Caroline Ellison and Gary Wang are cooperating with the investigation into FTX, Alameda and Sam Bankman-Fried, who has been extradited to the US.

AML / KYC

Co-Founder of OneCoin Pleads Guilty to Fraud

By Editors | 22/12/2022

Karl Sebastian Greenwood faces a maximum of 60 years in person. Co-conspirator Ruja Ignatova is on the FBI’s most wanted list.

Crypto / Digital Assets

FINRA Issues Additional Guidance on Ransomware Risk

By Sanday Chongo Kabange | 22/12/2022

Attacks have proliferated due to the increased use of technology, continued adoption of cryptocurrencies, and the emergence of Ransomware-as-a-Service models.

Citigroup Litigation in Revlon Dispute Comes to an End

By Editors | 22/12/2022

Citigroup reached an agreement with ten remaining Revlon lenders for them to repay the bank USD 504 million for mistakenly sent wire transfers.

Fintech / Regtech

Five Steps to Address E-Comms Risk and Avoid Regulatory Penalties

By Rupal Patel | 22/12/2022

The industry is playing catch up with the impact of working from home and must ensure e-comms risk is managed in a better way, says Rupal Patel at Acin.

Enforcement

US, Brazil Settle Honeywell Bribery Charges for Over $200m

By Editors | 22/12/2022

Manufacturing conglomerate Honeywell will pay $120mn to Brazilian authorities, $39.4mn to the DOJ, and $42.3mn to the SEC.