In today’s asset management landscape, cybersecurity threats are omnipresent, and with constantly evolving tools of attack, actual breaches have become increasingly prevalent. As the complexity, scope, and frequency of cyber...more
3/2/2022
/ Broker-Dealer ,
Comment Period ,
Cybersecurity ,
Disclosure Requirements ,
Investment Adviser ,
Investment Companies ,
Popular ,
Proposed Rules ,
Registered Investment Advisors ,
Reporting Requirements ,
Risk Management ,
Securities and Exchange Commission (SEC)
U.S. Developments -
Federal and State Regulatory Developments -
U.S. Department of Homeland Security Issues Challenge for Development of Trusted User Interface for Digital Wallets -
The U.S. Department of Homeland Security...more
9/23/2020
/ Bahamas ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
CSBS ,
Department of Homeland Security (DHS) ,
Digital Wallets ,
Distributed Ledger Technology (DLT) ,
EU ,
FinCEN ,
Gibraltar ,
India ,
Money Laundering ,
New Zealand ,
Nigeria ,
No-Action Relief ,
Popular ,
Reinstatement ,
Securities and Exchange Commission (SEC) ,
Security Token Offering (STOs) ,
SEFs ,
Terrorism Funding ,
Virtual Goods
The Office of Compliance Inspections and Examinations (OCIE) of the U.S. Securities and Exchange Commission (the SEC) issued a risk alert (the risk alert) on August 12, 2020, highlighting COVID-19 pandemic-related risks and...more
8/19/2020
/ Broker-Dealer ,
Business Continuity Plans ,
Commodity Futures Modernization Act of 2000 (CFMA) ,
Compliance ,
Coronavirus/COVID-19 ,
Cybersecurity ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Adviser ,
OCIE ,
Popular ,
Remote Sales Transactions ,
Risk Alert ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Sensitive Business Information ,
Supervision
The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) made several regulatory announcements this summer relating to cybersecurity, artificial intelligence (AI), and digital...more
US Developments -
Federal and State Regulatory Developments -
OCC Announces a New Acting Comptroller of the Currency -
On May 21, 2020, current Comptroller of the Currency Joseph M. Otting announced that he is stepping...more
5/29/2020
/ Anti-Money Laundering ,
Bitcoin ,
Blockchain ,
Brazil ,
Counter-Terrorist ,
Digital Currency ,
Financial Action Task Force ,
Financing ,
Iran ,
IRS ,
Popular ,
Tax Returns ,
Virtual Currency
U.S. Developments -
U.S. Federal Regulatory Developments -
SEC Staff Holds FinTech Forum to Discuss Blockchain Technology and Digital Assets -
On May 31, 2019, the staff of the U.S. Securities and Exchange Commission...more
6/7/2019
/ Blockchain ,
Cryptocurrency ,
Distributed Ledger Technology (DLT) ,
FinTech ,
Initial Coin Offering (ICOs) ,
Popular ,
Registration Requirement ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
State Attorneys General ,
Token Sales ,
Utility Tokens ,
Virtual Currency
U.S. Developments -
Congressmen Introduce Legislation to Define “Digital Token” Under the Securities Laws -
On December 20, 2018, two congressmen introduced the “Token Taxonomy Act” (H.R. 7356) before the 115th Congress...more
1/8/2019
/ Anti-Money Laundering ,
Blockchain ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Economic Growth Regulatory Relief and Consumer Protection Act ,
FDIC ,
Financial Regulatory Agencies ,
Hong Kong ,
Initial Coin Offering (ICOs) ,
Initial Public Offering (IPO) ,
No-Action Letters ,
Popular ,
Securities and Exchange Commission (SEC) ,
South Korea ,
Supply Chain ,
Token Sales ,
UCLA ,
UK ,
United Arab Emirates (UAE)
U.S. Developments -
Federal Bank Regulators Issue Joint Statement on Collaborative BSA/AML Compliance -
On October 3, 2018, a group of federal bank regulators and the Financial Crimes Enforcement Network (“FinCEN”)...more
10/9/2018
/ Anti-Money Laundering ,
ASIC ,
Bank Secrecy Act ,
Blockchain ,
CFTC ,
Commodity Exchange Act (CEA) ,
Cryptocurrency ,
Financial Industry Regulatory Authority (FINRA) ,
FinCEN ,
Initial Coin Offering (ICOs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
South Korea ,
Token Sales ,
Virtual Currency
In a flurry of enforcement activity in the digital asset space, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization for broker-dealers,...more
10/8/2018
/ Blockchain ,
Broker-Dealer ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
Initial Coin Offering (ICOs) ,
Investment Adviser ,
Investment Companies ,
Investment Company Act of 1940 ,
Popular ,
Regulation D ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Unregistered Securities
Ohio Enacts Cybersecurity Law with addition of Blockchain to Ohio’s Uniform Electronic Transactions Act -
On August 7, 2018 Ohio Governor John Kasich signed SB 220, which adds “blockchain technology” to the definition of...more
8/14/2018
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Extraterritoriality Rules ,
Germany ,
Governor Kasich ,
Initial Coin Offering (ICOs) ,
Japan ,
Legislative Agendas ,
New Legislation ,
Personal Jurisdiction ,
Philippines ,
Popular ,
Pump and Dump ,
Securities and Exchange Commission (SEC) ,
Thailand ,
Token Sales ,
UK