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Cryptocurrency
Ripple, Top Execs File Responses to SEC Complaint
By Manesh Samtani | 06/03/2021
At meetings with crypto trading platforms as recently as 2019, SEC staff did not indicate it may have considered XRP a security, Ripple says.
Anti-Money Laundering
GFI Offers Recommendations on Advancing FinCEN Reforms
By Editors | 06/03/2021
Global Financial Integrity says money laundered from tax evasion and illicit funds entering the US financial system from overseas are estimated at $1tr.
Sustainable Finance
China, US to Co-Chair G20 Sustainable Finance Study Group
By Editors | 02/03/2021
The Sustainable Finance Study Group is being re-established after a two-year suspension, with the PBOC and the US Treasury as its co-chairs.
Fraud, Scams & Cybercrime
Huawei Launches Hong Kong Court Proceedings Against HSBC
By Editors | 02/03/2021
Huawei is seeking internal HSBC documents it says will help it defend against its CFO Meng Wanzhou’s extradiction to the US to face bank and wire fraud charges.
KYC & CDD
Philippine SEC Orders Corporations to Declare Beneficial Owners
By Ranamita Chakraborty | 01/03/2021
Corporations in the Philippines have until 31 March to submit an online form declaring their beneficial owners, principals and nominee arrangements.
Climate Risk
Former SEC Chairman Embraces Climate-Related Disclosure
By ESG Investor | 01/03/2021
Jay Clayton had previously defended voluntary ESG disclosures as opposed to mandatory, insisting that flexible requirements would be effective.
Cryptocurrency
Thailand SEC to Enhance Protections for Digital Asset Investors
By Editors | 01/03/2021
The SEC is consulting new qualifications for retail investors in digital assets, and requiring digital asset fund managers and investment advisors to be licensed.
PEPs & Sanctions
NYSE Announces Decision to Delist Chinese Oil Major CNOOC
By Editors | 01/03/2021
The decision was made in light of Executive Order 13959, which was signed in November, and updated guidance provided by OFAC in January.
Clearing & Post-Trade
DTCC Proposes Move to T+1 in US Markets by Mid-2023
By Editors | 25/02/2021
In a new paper, DTCC outlines plans to modernise post-trade processes and facilitate an industry-wide shift to T+1 settlement in the equities market.
Credit Risk
Philippine SEC Issues Implementing Rules for ‘Bad Bank’ Law
By Editors | 25/02/2021
The implementing rules cover the creation of so-called ‘FIST corporations’, as well as the processes they will use to acquire, transfer and manage non-performing assets.
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