The SEC on Tuesday proposed “Regulation Crypto Assets,” a new framework that would give issuers of certain investment contracts involving crypto assets two purpose-built ways to raise capital without registering the offering under the Securities Act of 1933. One would allow up to $5 million to be raised over four years. The other would permit as much as $75 million in each 12-month period.
The Czech Republic’s competition authority has upheld approximately $13.4 million (CZK 279.152 million) in fines against three meal voucher issuers, bringing the regulator’s long-running case over a cartel that operated for more than 14 years to a close.
The Australian Prudential Regulation Authority imposed licence conditions on Bendigo Bank after an independent review found weaknesses in non-financial risk management spread across the organization, including shortcomings in governance, accountability, compliance management and risk oversight. Some had persisted through years of remediation.
Amazon.com has agreed to pay a $2.25 million civil penalty to resolve allegations that it violated the Fair Credit Reporting Act by failing to give identity theft victims requested records of transactions involving people believed to have fraudulently used their identification. In other cases, according to the government, Amazon provided the records too late.
The Austrian Financial Market Authority (FMA) has issued an update to the ordinance regarding additional provisions for capital investment risks in premium-subsidized future provision (PZV-ZRV). This regulation establishes specific mathematical formulas and parameters for calculating maximum losses and guarantee amounts related to unhedged equity portions in these specific insurance contracts.
The Securities and Exchange Commission has initiated enforcement proceedings against GlennCap LLC and Jonathan Vincent Glenn. This action signals heightened regulatory scrutiny regarding the conduct of specific investment entities and their principals within the US jurisdiction.
Financial institutions flagged nearly $5 billion in suspicious activity potentially connected to human smuggling between 2023 and 2025, according to an analysis released Thursday by the U.S. Treasury Department’s Financial Crimes Enforcement Network. FinCEN examined 67,540 Bank Secrecy Act reports from the three-year period, looking for the financial patterns that appeared repeatedly around suspected smuggling activity.