In a new report, the GAO examined federal responses to two cybersecurity incidents : the hack of SolarWinds and the exploitation of a vulnerability in Microsoft Exchange .
A Hong Kong-based offshore trading and cross-border financing company settled its potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations.
OFAC sanctioned eight Chinese technology firms for supporting the tracking and surveillance of minority groups in China, including members of the predominantly Muslim Uyghur and Kazakh communities. OFAC placed these companies on the Non-Specially Designated Nationals Chinese Military-Industrial Complex List.
Hong Kong and China were designated as jurisdictions where the Public Company Accounting Oversight Board is incapable of full inspections or investigations.
An SEC final rule amending certain annual reporting and registration forms to implement disclosure requirements under the Holding Foreign Companies Accountable Act will go into effect on January 10, 2022.
The SEC amended certain annual reporting and registration forms to implement disclosure requirements under the Holding Foreign Companies Accountable Act. The Act requires the SEC to determine whether a registered issuer has engaged an accounting firm in a foreign jurisdiction that the Public Company Accounting Oversight Board is not able to inspect.
President Joseph R. Biden extended by one year Executive Orders prohibiting U.S. persons and financial institutions from transacting in the securities of Chinese companies identified as supporting the military, intelligence and security services of the People’s Republic of China .
The Council of Institutional Investors expressed support for the "Accelerating Holding Foreign Companies Accountable Act" and the "Stock Exchange Improvement Act."
