The U.S. Treasury Department Office of Foreign Assets Control designated two shipping companies based in China for allegedly helping North Korea evade U.S. sanctions and Congolese officials for undermining elections.
The Consumer Financial Protection Bureau provided its annual report to Congress on the administration of the Fair Debt Collection Practices Act. The report highlights CFPB and Federal Trade Commission efforts to combat unlawful debt collection practices.
FINRA reminded broker dealers of rules that require firms to provide information upon request to any person that voices an interest in a transaction involving the securities of foreign private issuers.
On Monday, March 25, 2019, Cadwalader partners Jodi Avergun and Steven Lofchie will host a SIFMA Lunch & Learn demonstration of how technology can be leveraged to keep pace with regulatory uncertainty.
SIFMA, the Institute of International Bankers, the American Bankers Association and others urged the House Financial Services Committee to amend the "outdated" and "inefficient" Bank Secrecy Act regulatory framework.