October 2020 Regulatory Updates
Regulatory Actions and Updates from Around the Globe
Enforcement Updates – October 2020
International: Regulators in the United States, Hong Kong, and the United Kingdom charged Goldman Sachs for deficiencies in its compliance and AML controls that led to multi-billion misappropriation of funds in a 1MDB bond offering underwritten by the firm in 2012 and 2013. Goldman Sachs agreed to pay over $3 billion in fines to the SEC, SFC, and FCA.
United States: The SEC fined Israel-based day-trading education firm $130,000 for selling security-based swaps to over 5,000 retail investors without registration.
United Kingdom: The Financial Conduct Authority censured Aviva plc insurance company for listing and transparency rules breaches.
Oct 13, 2020 | In our October Expert Insight series, Denisse Rudich of Rudich Advisory reviews the FCA’s recent findings on the growth of the cryptoassets industry in the UK and potential regulatory changes.
October’s Regtech Theme: UBO Due Diligence
Learn more in the recent iComply Glossary article: Ultimate Beneficial Owner due diligence.
Fireside Chat: Navigating the Complexities of Beneficial Ownership
Date: Thursday, November 26, 2020 | 10am PST – 1pm EST – 7pm CET
Curious about the challenges and importance of beneficial ownership and proper due diligence?
Join our live November fireside chat, “Navigating the Complexities of Beneficial Ownership: The Challenges of UBO Due Diligence.“
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Join our latest live fireside chat to learn how compliance teams are navigating some of the key complexities involving due diligence for UBOs
Regulatory actions and updates from financial authorities around the globe in September 2020, including Expert Insights from our partner network
Our latest expert insight from Denisse Rudich of Rudich Advisory reviews the FCA’s recent findings on the growth of the cryptoassets industry in the UK