OFAC issued one new General License, published new FAQs and updated an FAQ pertaining to the Syria sanctions program.
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OFAC amended Russia-related sanctions FAQs to (i) further clarify the types of transactions that U.S. persons are authorized to engage in with certain Russian telecommunications companies and (ii) update definitions.
Treasury Secretary Janet L. Yellen testified before the House Financial Services Committee on the Financial Stability Oversight Council's 2021 Annual Report to Congress.
The SEC set November 8, 2021 as the "data collection initiation date" marking the end of the "phase-in" period for the de minimis threshold for registration as a security-based swap dealer.
In a paper exploring the accounting implications of investments in digital assets, ISDA described challenges in accounting and reporting for digital assets under U.S. GAAP.