United States

Sanctions

UK to Help Cyprus Establish Sanctions Implementation Unit

By Editors | 12/12/2024

That new unit will have new analytical tools and powers to investigate sanctions evasion and ensure the effectiveness of Russia-related sanctions.

Market Infrastructure

FINMA Recognises KRX as Qualified Clearing Organisation

By Editors | 12/12/2024

The recognition means Swiss FIs can receive clearing services from KRX, which has previously been recognized by the CFTC and ESMA.

Sanctions

China Launches Antitrust Probe into US Chip Giant Nvidia

By Editors | 11/12/2024

The probe is seen as a geopolitical rather than a regulatory or legal action, in retaliation against the US’ latest curbs on China’s chip sector.

Securities / Derivatives

Transitioning to T+1 Settlement: Challenges for Europe and Asia 

By Nithya Subramanian | 11/12/2024

DTCC’s Val Wotton discusses how Asia-based firms will be impacted by the transition to T+1 in the UK and Europe.

Enforcement

US SEC Fines Morgan Stanley Smith Barney Over Theft of Client Funds

By Thisanka Siripala | 11/12/2024

The SEC said the firm failed to prevent four financial advisors from misappropriating nearly $10mn of client funds.

Sanctions

OFAC Sanctions Chinese Cybersecurity Company and Employee

By Editors | 11/12/2024

OFAC said the employee was responsible for deploying malware to 81,000 firewalls owned by thousands of businesses worldwide in April 2020.

Enforcement

US Regulator Places Google Payment Corp Under Supervision

By Thisanka Siripala | 11/12/2024

Google Payment Corp says the consumer complaints cited by the CFPB are based on a discontinued service that no longer poses a risk.

Enforcement

US Lawmakers Allege Widespread Abuse of BSA for Surveillance

By Thisanka Siripala | 11/12/2024

The lawmakers say the government access to the private financial data of US citizens is “widespread and virtually unchecked”.

ESG / Sustainability

Goldman Sachs Withdraws from Net-Zero Banking Alliance

By Thisanka Siripala | 11/12/2024

The bank said it will continue to advance its net zero goals and that its priorities remain to help clients achieve their sustainability goals.