Commentary by Ilan T. Graff
The Consumer Financial Protection Bureau and the New York Attorney General filed a Complaint against a U.S.-based international money transfer company for alleged systemic and repeated violations of the Electronic Fund Transfer Act and the Remittance Transfer Rule.
The CFTC renewed the charter of the Market Risk Advisory Committee.
OFAC updated its Specifically Designated Nationals and Blocked Persons List to include additional Russian individuals and enterprises.
FINRA notified firms of operational changes to its Membership Application Program. Firms are not required to take any action in response to these changes.
In response to a House Financial Services Committee request for information, the Council of Institutional Investors described how its members are satisfying their fiduciary obligations and complying with international sanctions against Russia.