OFAC designated seven individuals and one entity alleged to be "financial facilitators and conduits for the Islamic State of Iraq and Syria ("ISIS") operating in Europe, Africa and the Middle East." Six of the individuals and the entity, a money services business, are allegedly part of the Iraq-based Rawi Network, which was the target of OFAC (and concurrent military) action in October 2018. The seventh individual, based in Kenya, is an alleged financial facilitator for ISIS.

The SEC named Sara Cortes and David P. Bartels as Deputy Chief Counsels of the Division of Investment Management (the "Division"). According to the SEC announcement, Ms. Cortes and Mr. Bartels will be responsible for legal and policy guidance, applications for exemptive relief, the Division's enforcement liaison program, and legislative technical assistance. Ms. Cortes will supervise the exemptive applications program. Mr. Bartels will supervise the enforcement liaison program. Ms. Cortes served as Assistant Director and head of the Investment Adviser Regulation. Mr. Bartels worked as Senior

A broker-dealer agreed to settle FINRA charges for failing to establish and enforce a supervisory system for email review. According to the Letter of Acceptance, Waiver and Consent, Wilson-Davis & Co., Inc. ("Wilson") failed to review a sufficient number of its emails, and the design of its "lexicon-based review" was inadequate, in light of the firm's business, for catching potentially problematic emails. To settle the charges, Wilson agreed to a censure and to pay a fine of $32,500.

FINRA proposed amending FINRA Rule 5110 ("Corporate Financing Rule - Underwriting Terms and Arrangements") to make "substantive, organizational and terminology" changes. FINRA stated that the proposal is intended to enhance the rule by simplifying its provisions, while simultaneously maintaining critical protections for market participants. FINRA's proposed rule changes would: increase the time allowed for filing, as well as eliminate duplicative requirements; exempt from filing securities in an investment-grade rated series, as well as add an experienced issuer concept to the Form S-3

Ministers of finance of Financial Action Task Force ("FATF") member countries agreed to make permanent the mandate for the FATF to protect the international financial system from money laundering and terrorist financing. FATF Ministers reaffirmed "the central role of the FATF as the global international standard setter to take decisive, coordinated, and effective action against money laundering, terrorist financing, and proliferation financing related to weapons of mass destruction (WMD)." The mandate states, among other things, that: the objectives of the FATF are to safeguard financial