Events listed in United States
CFTC Releases FY 2023 Enforcement Results
ID 25685
On November 7, 2023, the Commodity Futures Trading Commission (CFTC) released its enforcement results for fiscal year 2023 which reveals an exceptionally high number of cases related to digital assets-related issues, regulatory obligation violations, market manipulations, and other serious misconduct. In fact, the Division of Enforcement (DOE) initiated 96 actions, tackling fraud, manipulation, and various violations across diverse markets, resulting in over $4.3 billion ...
Counter Narcotics Designations
ID 25683
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office announced that it has added 13 individuals and 4 entities to its Specially Designated Nationals and Blocked Persons List (SDN List) for being engaged in or supporting the trafficking of fentanyl and other illegal drugs pursuant to Executive Order 14059. The affected parties ...
FinCEN Finalizes Rule on Use of FinCEN Identifiers in Beneficial Ownership ...
ID 25682
On November 7, 2023, the Financial Crimes Enforcement Network, FinCEN, published its final rule regarding the use of FinCEN identifiers when reporting beneficial ownership information. The final rule was subsequently published in the Federal Register on November 11, 2023 with an effective date of January 1, 2024. To recall, in December 2022, FinCEN launched a consultation on proposed modifications to [Statutory Instrument 31 CFR ...
FinCEN and the Bureau of Industry and Security (BIS) Issue Joint Notice and New Key ...
ID 25681
The Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) have issued a *joint notice to inform financial institutions of a new „key term“ to be used in SAR Field 2 when filing suspicious activity reports (SARs) in relation to „potential efforts by individuals or entities seeking to evade U.S. export controls NOT* related to Russia’s ...
Inter-Agency Working Group Releases New Report on Treasury Market Resilience Efforts
ID 25677
The U.S. Department of the Treasury (USDT) has published on behalf of the Inter-Agency Working Group on Treasury Market Surveillance (IAWG) a Report on recent efforts to enhance U.S. Treasury market resilience. The key objective of the Working Group – which is comprised of representatives from the USDT, the U.S. Securities and Exchange Commission (SEC), and the U.S. Commodity Futures Trading Commission (CFTC), the ...
READOUT: Treasury Convenes Discussion on National Financial Inclusion Strategy
ID 25670
The U.S. Department of the Treasury (USDT), led by Assistant Secretary Graham Steele, recently organized a meeting involving civil rights organizations, consumer advocates, and research bodies to discuss financial inclusion challenges faced by underserved communities. This gathering was part of the ongoing efforts by the Treasury to formulate a National Strategy on Financial Inclusion as required by the *[Financial Services and General Government Appropriations ...
READOUT: FinCEN Hosts Public-Private Dialogue on Cyber-Related Terrorism Financing
ID 25666
The Financial Crimes Enforcement Network (FinCEN) has published a press statement to inform about its recently hosted FinCEN Exchange and to encourage financial institutions of all kinds (banks, payment service providers, virtual asset dealers / brokers / platforms, investment firms, brokers, (private equity) fund managers etc.) to participate in the Exchange. Specifically, this recent meeting primarily focused on countering the misuse of virtual currencies ...
Proposed Amendment to Prohibited Transaction Exemption 84-24
ID 25658
In connection with a consultation on a proposed new definition of an „investment advice fiduciary“ which would expand the scope of such to include all individuals and entities that provide investment advice or make investment recommendations whether it be to a pension plan or individual investors (EventID 23651), the Employee Benefits Security Administration (EBSA) has launched another *consultation on changes to the Prohibited Transaction ...
Certified shareholder report of registered management investment companies (PDF)
ID 25657
The U.S. Securities and Exchange Commission (SEC) has published Form N-CSR – Certified Shareholder Report of Registered Management Investment Companies which will be valid through September 30, 2026 unless otherwise modified before, following the approval of the Office of Management and Budget (OMB). Form N-CSR is a regulatory filing required of the SEC on a semi-annual and annual basis for registered management investment companies ...
SR-FINRA-2023-015
ID 25656
The Financial Industry Regulatory Authority (FINRA) has published a draft on proposed rule changes to FINRA Rule 6710, 6750 and 7730 in connection with the dissemination of „On-the-Run Nominal Coupon“ securities transactions and the adoption of a corresponding pricing policy. The draft has been forwarded to the Securities and Exchange Commission for approval. Specifically, FINRA seeks to make available on the day of an ...