United States

Fraud, Scams & Cybercrime

DOJ Charges Two for Fraud Involving Fake Crypto Mining Operation

By Editors | 28/11/2022

Two Estonians induced victims to enter into “fraudulent equipment rental contracts” and to invest in a fake digital currency bank.

Sustainable Finance

Law Change Needed to Protect ESG Rules for US Pension Plans

By ESG Investor | 25/11/2022

ERISA pensions are now permitted to incorporate material ESG factors into their investment and voting decisions.

Resolution & Recovery

US Federal Agencies Find Shortcoming in Citigroup Resolution Plan

By Editors | 24/11/2022

The agencies said the shortcoming raises questions about the bank’s ability to produce accurate financial information during stress conditions and could undermine its resolution plan.

Reporting & Disclosures

US SEC Fines Goldman Unit For Not Following ESG Policies

By Editors | 24/11/2022

Goldman Sachs Asset Management had policies and procedures failures involving the ESG research its investment teams used to select and monitor securities.

Market Data & Technology

ISDA Launches Digital Regulatory Reporting 1.0

By Editors | 23/11/2022

The DRR is now available to market participants in full production mode to support compliance with the CFTC’s amended swap data reporting rules.

Anti-Money Laundering

Regulation Asia Awards for Excellence 2022 – Results Announcement

By Editors | 23/11/2022

Regulation Asia held its fifth annual Awards ceremony on 22 November 2022. Here we explain our methodology and announce the winners for the year.

Fraud, Scams & Cybercrime

US Court Sentences Theranos Founder Elizabeth Homes to Jail

By Editors | 21/11/2022

A California court sentenced Elizabeth Holmes to 11 years and three months in prison. She will also be required to pay restitution to investors.

PEPs & Sanctions

Western Allies Sanction Iran Over Protest Handling, Drone Sales

By Editors | 18/11/2022

The EU, UK, US and Canada imposed sanctions over the use of use of force against peaceful protestors and the sale of drones to Russia.

Fraud, Scams & Cybercrime

FTX’s “Complete Failure” of Corporate Controls, Worse Than Enron

By Manesh Samtani | 18/11/2022

Restructuring specialist John J Ray says FTX’s failure is the worst he has ever seen, citing control failures and the “complete absence” of trustworthy financial information.