The US Treasury Department's Office of Foreign Assets Control fined a US-based venture capital firm for managing a $20 million investment tied to a sanctioned official of the Russian government.

As required by a recent Executive Order concerning "overcriminalization in federal regulations," the OCC issued a Notice of new "guidance on referrals for potential criminal enforcement."

FIA CEO Walt Lukken identified three areas critical to forging the future for the global derivatives markets: (i) greater standardization of trade flow; (ii) adoption of distributed ledger technology to improve collateral management and settlement; and (iii) regulatory simplification.

FINRA suspended a broker for engaging in an undisclosed outside business activity.

CFTC Commissioner Kristin N. Johnson touted the promise of artificial intelligence to transform regulatory compliance in the financial marketplace, but urged caution as AI becomes more embedded in supervisory and surveillance functions.