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  • ASX: Update On The CHESS Replacement Partnership Program

    Date 28/04/2023

    ASX today released details of proposed eligibility criteria for certain stakeholders to receive an incentive payment as part of the CHESS Replacement Partnership Program, (“Partnership Program”). In a message to stakeholders, ASX invited feedback on the proposed criteria ahead of making the first development incentive payment under the $70 million program. 

  • Readout: G7 Enforcement Coordination Mechanism Deputies Meeting

    Date 27/04/2023

    Treasury Deputy Secretary Wally Adeyemo, Commerce Deputy Secretary Don Graves, and Vice Minister Masato Kanda of the Japanese Finance Ministry convened Deputies of the G7 Enforcement Coordination Mechanism to bolster the enforcement of multilateral sanctions and export controls aimed at denying Russia the inputs it needs to equip its military and the revenue necessary to fund its illegal war.

  • Federal Court Orders South African CEO To Pay Over $3.4 Billion For Forex Fraud - CFTC’s Largest Fraud Scheme Case Involving Bitcoin - Highest Civil Monetary Penalty Ordered In A CFTC Case

    Date 27/04/2023

    The Commodity Futures Trading Commission today announced Judge Lee Yeakel of the U.S. District Court for the Western District of Texas entered an order of default judgment and permanent injunction against Cornelius Johannes Steynberg of Stellenbosch, Western Cape, Republic of South Africa. The order requires Steynberg to pay $1,733,838,372 in restitution to defrauded victims and a $1,733,838,372 civil monetary penalty, which is the highest civil monetary penalty ordered in any CFTC case. This action is also the largest fraudulent scheme involving Bitcoin charged in any CFTC case.

  • B.C. Securities Commission Launches A New Streamlined Enforcement Tool

    Date 27/04/2023

    The B.C. Securities Commission (BCSC) will begin imposing administrative penalties for less serious violations of investment market rules without holding a hearing before a panel of commissioners.

  • Readout: Senior US Treasury And Commerce Department Officials Travel To Kazakhstan

    Date 27/04/2023

    Assistant Secretary for Terrorist Financing and Financial Crimes at the U.S. Department of the Treasury Elizabeth Rosenberg and Assistant Secretary for Export Enforcement at the U.S. Department of Commerce Matthew Axelrod joined an interagency, multilateral visit to Astana and Almaty, Kazakhstan to continue close partnership on many issues, including countering the evasion of sanctions and export controls imposed on Russia for its war against Ukraine.