Events listed in United States
Rules of Practice for Hearings
ID 21427
The Board of Governors of the Federal Reserve System (FED) has published in the Federal Register the annual inflation adjustment to the civil money penalty amounts for certain conduct violations under the Bank Holding Company Act, the Federal Deposit Insurance Act, the Federal Reserve Act and / or subsequent orders and regulations. The adjustments apply to (bank) holding companies and savings institutions. The amount ...
FINRA Publishes 2023 Report on Exam and Risk Monitoring Program
ID 21395
The Financial Industry Regulatory Authority, FINRA, has issued a press release to announce the publication of the 2023 Report on FINRA’s Examination and Risk Monitoring Program. The report is meant to provide guidance to member firms regarding important regulatory issues and compliance with such. The issues covered in the report thereby include the following, among others: (1) (compliance with) regulation best interest; (2) best ...
Issuance of Venezuela-related General License and Amended Frequently Asked Questions
ID 21383
The Office of Foreign Assets Control (OFAC) has published a press statement to inform of the issuance of a new Venezuela-related General License (GL) and several revised frequently asked questions (FAQs) in this context. Specifically, OFAC has issued new license GL 31B which supersedes GL 31A to permit „Certain Transactions Involving the IV Venezuelan National Assembly, the Interim President of Venezuela, and Certain Other ...
Iran-related Designations and Designation Update; Non-Proliferation Designations ...
ID 21378
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added several individuals to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations (Executive Order 13382) for their engagement in the Iranian company „Qods Aviation Industries (QAI)“ which is involved in the production of unmanned aerial vehicles ...
Counter Terrorism Designations
ID 21373
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added several individuals and two entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations to combat global terrorism (31 CFR Part 594 and Executive Order 13224). The following persons and entities are affected and now ...
OCC Issues Annual Report for 2022
ID 21371
The Office of the Comptroller of the Currency (OCC) has published its Annual Report 2022 which primarily informs of the current condition of the federal banking system, the key priorities of the regulator for both the past reporting period and the upcoming one, and of the key actions taken by the regulator to accomplish its goals. As far as the condition of the banking ...
Regulatory Notice 23-01
ID 21357
After sending e-bills to supervised firms, the Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 23-01 in connection with its annual Renewal Program to remind broker-dealers, investment adviser firms, agents and investment adviser representatives, and branches of their obligation to pay their yearly licensing, branch, and – if applicable – processing fees by January 27, 2023 and to support them in their reconciliation of ...
Agencies issue joint statement on crypto-asset risks to banking organizations
ID 21352
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FED), and the Federal Deposit Insurance Corporation (FDIC) have published a joint statement as regards crypto-assets in the banking sector. Therein, the regulators outline the key risks associated with crypto-assets and corresponding activities and engagements in such assets including the following, among others: – the risk ...