United States

Market Infrastructure

US Regulators Deem Audit Inspections of Chinese Firms a Success

By Manesh Samtani | 16/12/2022

The PCAOB did identify some deficiencies in their inspection work, but it was able to view complete audit work papers with no redactions.

Market Infrastructure

NYSE, Nasdaq Expected to See More Capital Raises via Direct Listings

By Mark Johnston | 16/12/2022

The SEC is expected to permit the NYSE to ease its rules for direct listings, after a similar approval was granted to Nasdaq earlier this month.

AML / KYC

Danske Bank to Pay $2bn to Resolve DOJ, SEC Probes

By Sanday Chongo Kabange | 15/12/2022

Danske Bank admitted to allowing high-risk non-resident customers from other countries including Russia to use its Estonia branch to access US banks.

Sanctions

China Files WTO Complaint Over Semiconductor Export Controls

By Editors | 14/12/2022

China is separately working on a CNY 1 trillion support package to expand domestic semiconductor production and research activities.

AML / KYC

FTX Founder Arrested, Charged by SEC, SDNY, CFTC

By Sanday Chongo Kabange | 14/12/2022

US authorities have charged Sam Bankman-Fried for defrauding customers, investors, lenders, and campaign finance violations.

AML / KYC

UK Police Arrest Chinese Tycoon on US Bribery Charges

By Editors | 14/12/2022

The co-chairman of Chinese real estate firm Guangzhou R&F Properties is accused of paying bribes to San Francisco authorities from 2015 through 2020.

Enforcement

US Court Convicts Another JPM Trader on Spoofing Charges

By Editors | 13/12/2022

Former precious metals trader faces up to 30 years in prison for placing deceptive orders intended in COMEX gold and silver futures.

ESG / Sustainability

Vanguard Withdraws from NZAM Alliance Amid Political Pressure

By Editors | 13/12/2022

The move came a day after a senate committee report was released highlighting the outsized influence of the “Big Three” asset managers towards ESG.

Crypto / Digital Assets

US SEC Directs Issuers to Detail Exposures to Crypto and Related Impacts

By Editors | 13/12/2022

Separately, US senators asked banking regulators to provide details on banks that have engaged in crypto-related services.