Edition:
United Kingdom

Katanga Johnson

Digital assets subject to money-laundering, disclosure laws: U.S. regulators

12 Oct 2019

WASHINGTON Three U.S. financial regulators on Friday issued a warning to firms with registered digital assets that they have an obligation to follow securities laws prohibiting money laundering and requiring disclosure of suspicious activity.

Citi pays $30 million fine to settle real-estate violations: regulator

12 Oct 2019

WASHINGTON Citibank has agreed to pay a $30 million fine to settle charges of repeated violations of real estate holding rules and for failing to meet its commitment to take corrective actions, the U.S. Office of the Comptroller of the Currency (OCC) said on Friday.

U.S. Treasury proposes guidance to reduce tax headaches from Libor transition

09 Oct 2019

WASHINGTON The U.S. Treasury Department and Internal Revenue Service proposed guidance on Tuesday to help taxpayers avoid "negative consequences" as U.S. banks switch from the tainted London Interbank Offered Rate (Libor) to other benchmarks.

U.S. SEC proposes exchanges seek public consultation on data fee changes

02 Oct 2019

WASHINGTON The U.S. securities regulator on Tuesday proposed a change to the way exchange operators alter their fees, in a move aimed at improving transparency but which could make it harder for operators to compete on price to propel revenue growth.

Herbalife Nutrition to pay $20 million to settle false disclosure charges: U.S. SEC

28 Sep 2019

WASHINGTON The U.S. Securities and Exchange Commission (SEC) said on Friday that Herbalife Nutrition Ltd. has agreed to pay $20 million to settle charges that it made false and misleading statements about its business operations in China.

U.S. SEC finalizes rules to encourage public offerings, boost fund competition

27 Sep 2019

WASHINGTON The U.S. Securities and Exchange Commission on Thursday finalized a new rule that allows all companies to privately sound out prospective investors before filing for a stock exchange listing.

U.S. consumer watchdog hires new enforcement chief, fills other vacancies

25 Sep 2019

WASHINGTON The U.S. Consumer Financial Protection Bureau on Wednesday announced new hires at the agency, including a former state regulator to serve as new permanent chief of its enforcement office.

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