United States

    Crypto / Digital Assets

    Crypto Hedge Fund Three Arrows Capital Files for Bankruptcy

    By Manesh Samtani | 05/07/2022

    The bankruptcy filing came three days after Three Arrows entered into liquidation in the British Virgin Islands.

    AML / KYC

    US Bill Set to Bring Gatekeepers into Scope of AML Rules

    By Editors | 05/07/2022

    The Enablers Act would require financial advisers, lawyers, art and antiquities traders to perform due diligence on their clients and file SARs.

    Enforcement

    US DOJ Files Charges Against Six Individuals Over Crypto Frauds

    By Editors | 04/07/2022

    Criminal charges were filed in four separate cases of alleged crypto-related fraud, including the largest known NFT scheme charged to date.

    Market Infrastructure

    US Fed Delays ISO 20022 Implementation Until March 2025

    By Editors | 03/07/2022

    ISO 20022 implementation for the Fedwire Funds Service is being delayed to prioritise the launch of the new FedNow Service.

    Enforcement

    Tougher Enforcement, Regulation on ESG Funds a “Wake-up Call”

    By ESG Investor | 03/07/2022

    DWS whistle-blower Desiree Fixler welcomes enforcement action as necessary to deal with greenwashing.

    Fintech / Regtech

    Thai SEC Launches Open Data Portal to Enhance Transparency

    By Editors | 30/06/2022

    The data centre provides information on business operators, licensed individuals, and the products available – including digital assets.

    Enforcement

    US SEC Fines EY for Employee Cheating on CPA Exams

    By Editors | 30/06/2022

    The settlement is largest penalty the SEC has ever imposed against an audit firm, double KPMG’s 2019 penalty.

    AML / KYC

    G7 Nations Announce Ban on Russian Gold Imports

    By Manesh Samtani | 30/06/2022

    The ban has so far been announced by US, UK, Japan, and Canada, while discussions within the EU are still ongoing.

    Crypto / Digital Assets

    Thai SEC Proposes to Tighten Rules for ICO Portals

    By Editors | 28/06/2022

    ICO portals cannot provide services for digital token offerings if there is a conflict of interest, such as in situations where they hold shares in the issuer.

    Capital / Liquidity

    US Banks Pass Severe Recession Scenario of Fed Stress Test

    By Editors | 28/06/2022

    JPMorgan, BofA and Citi said their CET1 capital ratios relative to risk-weighted assets would rise by about one full percentage point starting October.

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