OFAC designated a virtual currency exchange and its associated support network for facilitating ransomware actors. To reflect recent trends and red flag indicators, FinCEN also updated its 2020 advisory.
News & Insights
In its November 2021 Financial Stability Report, the Federal Reserve Board assessed economic vulnerabilities and identified a number of potential "near-term shocks" to the stability of the financial system.
SEC Division of Enforcement Director Gurbir Grewal rejected a common criticism of the agency as "regulating by enforcement" when it comes to cryptocurrency, and environmental, social and governance matters.
Acting Comptroller of the Currency Michael J. Hsu urged large bank boards to begin assessing how they are managing and reporting climate risks, given the potential impact that physical and transitional risks can have on a bank's portfolios.
The SEC voted unanimously to propose amendments to filing obligations that would expand the requirement of electronic filing of documents on the SEC's Investment Adviser Registration Depository and EDGAR system.