Treasury releases 2023 DeFi illicit finance risk assessment
Yahoo Finance 04/07/2023
Although there is no formal definition of DeFi, the term has come to commonly refer to virtual asset protocols and services purporting to allow automated peer-to-peer transactions that often use self-executing code…
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US SEC Proposes New Safeguarding Rule for Investment Advisers
Mayer Brown 04/10/2023
On February 15, the US Securities and Exchange Commission (the “SEC” or the “Commission”) proposed rule changes (the “Proposal”) to enhance protections of client assets managed by investment advisers registered with the SEC (“RIAs”).1 If adopted, the changes would amend…
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DOJ Announces Changes to Corporate Compliance Program Evaluation Criteria
Harvard 04/10/2023
During speeches on March 2 and 3, 2023, at the American Bar Association (ABA) National Institute on White Collar Crime (the 2023 White Collar Conference), Deputy Attorney General (DAG) Lisa Monaco, Assistant Attorney General (AAG) for the Criminal Division…
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US Audit Regulator Plans Modernization of Over 30 Legacy Standards
Pymnts 04/07/2023
The regulator, which is overseen by the Securities and Exchange Commission (SEC), is set to update more than 30 standards that have remained largely unchanged since first introduced — on an interim basis — nearly two decades ago, at the start of the 21st century…
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What boards should know about balancing ESG critics and key stakeholders
Harvard 04/09/2023
Environmental, social and governance (ESG) topics are often discussed as if there is a collective understanding about what they mean. But company leaders, regulators, investment analysts, portfolio managers, activists and retail investors…
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