The SEC Office of Investor Education and Advocacy, Office of the Chief Accountant and Division of Corporation Finance warned investors of the risks associated with investments in U.S.-listed companies with operations in China.
A firm settled FINRA charges for failing to establish a reasonable AML program designed to report suspicious transactions, and for failing to respond reasonably to red flags associated with China-based accounts.
The U.S. Departments of State, Treasury, Commerce, Homeland Security and Labor and the Office of the U.S. Trade Representative advised businesses of potential exposure to "reputational, economic, and legal risks" for involvement with entities that engage in human rights violations occurring within China's Xinjiang Uyghur Autonomous Region.
Treasury reported that it "has not identified any foreign financial institution that has knowingly conducted a significant transaction" with previously identified sanctioned foreign persons pursuant to the Hong Kong Autonomy Act.