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August was the most active month for enforcement since September 2020. The SEC filed 71 actions and the CFTC filed four, against a combined total of 148 defendants and respondents. (This…
On August 30, the Securities and Exchange Commission (SEC) announced settlements with three entities, all of which are broker-dealers, investment advisory firms, or both, for failures in…
On August 16, the Securities and Exchange Commission (SEC) announced a settlement with Pearson plc (Pearson), a London-based company that primarily provides educational publishing services…
The order
On August 10, 2021, the Financial Crimes Enforcement Network (FinCEN) and the Commodity Futures Trading Commission (CFTC) announced that the agencies had assessed a $100 million…
On June 30, 2021, the Financial Crimes Enforcement Network (FinCEN) issued the first list of national priorities for anti-money laundering and countering the financing of terrorism (AML/CFT…
The Securities and Exchange Commission (SEC) announced a settled enforcement action on June 15 against a company for violating the requirement that public companies have controls and…
The House of Representatives has passed a bill on a bipartisan basis that would be the first statute directly banning insider trading in the securities markets. The bill largely would…
The Securities and Exchange Commission’s recent case against a registered broker-dealer for not filing Suspicious Activity Reports (SARs) reinforces the SEC’s focus on anti-money laundering…
The U.S. federal banking agencies have issued an interagency statement addressing industry questions on model risk management and AML compliance. Specifically, the statement clarifies the…
The Financial Crimes Enforcement Network of the U.S. Department of the Treasury has begun a rulemaking to implement the beneficial ownership reporting provisions of the new Corporate…