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Miami International Holdings Announces Execution Of Purchase Agreement To Acquire LedgerX
Date 25/04/2023
Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEX™), The Bermuda Stock Exchange (BSX), and Dorman Trading LLC, today announced that it has entered into a purchase agreement (the Purchase Agreement) to acquire all of the issued and outstanding membership interests of LedgerX, LLC (LedgerX) from Ledger Holdings, Inc. (LHI) in connection with the bankruptcy proceedings involving FTX Trading Ltd. and certain of its affiliated entities, pursuant to which LHI is a party.
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US Treasury Announces $508 Million Settlement With British American Tobacco Largest Ever Against Non-Financial Institution - Half-Billion Dollar Fine Issued For Apparent Violations Of North Korea And WMD Sanctions
Date 25/04/2023
Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a $508 million settlement agreement with London-headquartered British American Tobacco p.l.c. (BAT) to resolve its apparent violations of U.S. sanctions on the Democratic People’s Republic of Korea (DPRK) and proliferators of weapons of mass destruction (WMD). This settlement is OFAC’s largest ever with a non-financial institution and reflects the statutory maximum penalty.
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United States Obtains $629 Million Settlement With British American Tobacco To Resolve Illegal Sales To North Korea, Charges Facilitators In Illicit Tobacco Trade - Cases Part Of Greater Disruption Effort To Combat Funding Of North Korean Nuclear Program And Counter Nation-State Threats
Date 25/04/2023
British American Tobacco (BAT) and its subsidiary, BAT Marketing Singapore (BATMS), one of the world’s largest manufacturers of tobacco products based in the United Kingdom, has agreed to pay combined penalties of more than $629 million to resolve bank fraud and sanctions violations charges with U.S. authorities, arising out of the companies’ scheme to do business in North Korea through a third-party company in Singapore, in violation of the bank fraud statute and the International Emergency Economic Powers Act (IEEPA). Separately, charges were unsealed today in the District of Columbia against a North Korean banker and Chinese facilitators for their roles in facilitating the illicit sale of tobacco products in North Korea.
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Illicit Finance And Other Key Risks Of Digital Assets: Keynote At City Week 2023 - CFTC Commissioner Christy Goldsmith Romero In London
Date 25/04/2023
Thank you to the Organising Partners and Patrons for the invitation to speak here at City Week on key risks of digital assets.
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Nigerian Exchange, Ecobank Transnational Incorporated Mull Partnership On Sustainability, Market Development
Date 25/04/2023
Nigerian Exchange Limited (NGX) and Ecobank Transnational Incorporated (ETI) have expressed mutual interest in partnering on sustainability initiatives and overall market development.
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ESAs Call For Vigilance In The Face Of Mounting Financial Risks
Date 25/04/2023
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) today issued their Spring 2023 Joint Committee Report on risks and vulnerabilities in the EU financial system. While noting that EU financial markets remained broadly stable despite the challenging macro environment and recent market pressure in the banking sector, the three Authorities are calling on national supervisors, financial institutions and market participants to remain vigilant in the face of mounting risks.
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UK Economic Secretary Re-Establishes The Asset Management Taskforce - City Minister Re-Establishes Influential Forum Convening Senior Leadership From Industry And The FCA To Identify And Harness The Potential Of Innovative New Technologies For The UK Asset Management Industry
Date 25/04/2023
The Economic Secretary’s Asset Management Taskforce has been joined by five new senior executives from the UK’s world-class investment industry, it was announced today (25 April 2023).
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Life Science Companies With Swiss Listing Perform Better Than Those On Other Exchanges
Date 25/04/2023
Despite the adverse market conditions and widespread volatility over the last 12 months, the life sciences sector at SIX Swiss Exchange has proven to be less exposed to volatility and valuation corrections compared to other capital markets. The recent turbulence also reinforces how important it is for companies to think carefully about where they choose to list their businesses.
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ITRS Appoints Tim Blunt As Chief Revenue Officer As Part Of Ongoing Growth Strategy
Date 25/04/2023
ITRS, the leading provider of real-time enterprise monitoring and analytics software, today announces the appointment of Tim Blunt as Chief Revenue Officer (CRO) and member of the Executive Leadership Team. The appointment comes as part of ITRS’ plans to significantly scale its growth in the year ahead.
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EBA Publishes Final Draft Technical Standards On The Determination Of The Exposure Value Of Synthetic Excess Spread In Synthetic Securitisations
Date 25/04/2023
The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the determination by originator institutions of the exposure value of synthetic excess spread (SES). These draft RTS clarify the calculation of the components that should be included in this exposure value taking into account the relevant losses expected to be covered by SES.
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