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January 2021 Regulatory Updates

by | Feb 2, 2021 | Compliance Updates, iComply Insights | 0 comments

iComply Regwatch Updates

January 2021 Regulatory Updates

Feb 2, 2021 | Compliance Updates, iComply Insights

iComply Regwatch Updates

Regulatory Actions and Updates from Around the Globe

Enforcement Highlights – January 2021

 

United States: 

 

  • Fund manager at MG Capital Management real estate fund was charged by the SEC with misappropriating $7 million from retail investors.

 

  • The SEC charged Deutsche Bank AG with violations of the Foreign Corrupt Practices Act (FCPA) due to a lack of sufficient internal accounting controls. The bank agreed to pay $43 million in disgorgement and interest.

 

Germany:

 

Hong Kong:

  • The Securities and Futures Commission (SFC) has issued restriction notices to five brokers to freeze client accounts related to suspected market manipulation.

 

Regulatory Updates

Austria:

An Austrian startup building an app for trading in security tokens became the first fintech company to be admitted to Austria’s Financial Market Authority (FMA) regulatory sandbox.

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FMA announced that it has granted registration to 18 virtual asset providers since tightening anti-money laundering regulations in January 2020.

 

 

Past events:

Mergers & Acquisitions – The Future of Enhanced Due Diligence

 

Missed our January 2021 Fireside Chat? Watch the full event where guest panelists discuss the trends for enhanced due diligence within mergers and acquisitions for both buyers and sellers, and the importance that proper due diligence plays in successful M&A transactions.

Watch Now

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Praveen Mandal
Praveen Mandal

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A serial entrepreneur, Praveen has been involved with and influential in the founding of five successful startups, most notably serving as CEO of Pipal Systems and president of ChargePoint. He is currently an MIT Connection Science Fellow. Praveen has held senior...

Michael Stephens
Michael Stephens

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Mike Stephens is a leading information technology law partner in the Vancouver office of Fasken (formerly Fasken Martineau LLP). A recognized leader in the British Columbia technology ecosystem, Mike represents companies in all stages of their development, with a...

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