Senior officials from the Bank of England, the FDIC, the CFTC, the SEC and the Federal Reserve Board reviewed joint progress on central counterparty resolution issues and on the development of detailed operational planning to support prototype resolution strategies for UK and U.S. CCPs.
The SEC took a number of actions to address substituted compliance determinations for security-based swap dealers, including (i) amending orders previously granted covering Germany, France and the United Kingdom, and (ii) adopting an additional determination for Spain.
The SEC issued an Order specifying the conditions that a non-U.S. security-based swap dealer relying on substituted compliance must satisfy when filing certain financial reports.
The SEC moved forward on proposed substituted compliance determination for UK- and French-regulated firms that register as security-based swap dealers.
A federal court in the District of Massachusetts authorized the IRS to serve a "John Doe" summons on a Boston-based "digital currency exchanger" seeking information about as yet unidentified U.S. taxpayers who, from 2016 to 2020, conducted at least $20,000 in cryptocurrency transactions.
A bank settled DOJ and SEC charges for Foreign Corrupt Practices Act violations in connection with its use of third-party intermediaries, business development consultants and finders.
An investment firm was fined $2.9 billion by several authorities for its failure to (i) properly oversee its operations, (i) maintain internal controls and (iii) conduct proper risk management, with regard to its employees' involvement in improper payments to foreign officials.
A foreign private issuer settled SEC charges for failing to make required disclosures concerning certain "trends and uncertainties" that resulted in materially misleading financial results.
The DOJ charged four Chinese military personnel with breaking into Equifax's protected computers and stealing approximately 145 million Americans' personal information.
