News Centre

SEC Chair Gary Gensler Reveals Agency Is Reviewing Whistleblower Program

Date 29/07/2021

Today, Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), delivered keynote remarks at the National Whistleblower Center’s (NWC) National Whistleblower Day 2021 celebration. Gensler spoke of the critical role whistleblowers play in SEC enforcement efforts and reemphasized his commitment to the agency’s whistleblower program. He also revealed that he has directed staff to review the whistleblower program in order to improve its efficiency and effectiveness.

BIS: AML And CFT In Banking – Executive Summary

Date 29/07/2021

Jurisdictions outlaw money laundering (ML) to achieve three main objectives: (i) to curb criminality in general by making it difficult for criminals to reap the proceeds of their crimes; (ii) to protect the rights that are violated by crimes by aiding the seizure of illegally obtained funds; and (iii) to protect the integrity of the financial system more broadly. Terrorist financing (TF) is outlawed to deny terrorists access to funds and thus reduce the risk of attacks.

SEC Charges Founder Of Nikola Corp. With Fraud

Date 29/07/2021

The Securities and Exchange Commission today announced charges against Trevor R. Milton, the founder, former CEO and former executive chairman of Nikola Corporation, for repeatedly disseminating false and misleading information – typically by speaking directly to investors through social media – about Nikola’s products and technological accomplishments.

ACER: The REMIT Forum 2021 Will Celebrate The 10th Anniversary Of The Regulation With A Series Of Events. (25, 26 And 28 October)

Date 29/07/2021

25th of October 2021 marks the 10th anniversary of the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT), which came into force in 2011 to support open and fair competition in the European wholesale energy markets. On 25 October an introductory webinar to REMIT will be followed by the main plenary session, which will foster a high level political discussion among key stakeholders. On 26 and 28 October, the Forum will provide special interest groups sessions on data, reporting and technology as well as on the ACER Guidance.

UK Financial Conduct Authority Obtains High Court Order To Remove Hundreds Of HM Land Registry Charges, Notices And Restrictions Registered Against Consumers’ Properties By Illegal Money Lender

Date 29/07/2021

Today the FCA was successful in obtaining a High Court Order to remove around 625 charges, notices or restrictions registered in the name of illegal money lender, Dharam Prakash Gopee’s, former companies.

DFM Company Posts Net Profit Of AED 38.8 Million During The First Half Of 2021

Date 29/07/2021

H.E. Essa Kazim highlighting key developments of the first half:

• Positive performance underscores DFM’s attractiveness to investors and Dubai’s robust economy
• The General Index up 13% and 1842 new investors joined the market, including 315 institutions
• Foreign investors accounted for 48.2% of trading value equivalent to AED 13.7 Billion
• The Market Capitalization of listed securities up 14% to AED 388 Billion
• Ownership of foreign investors reached to 18.5% of the Market Capitalization

SIA: Consolidated Financial Results At 30 June 2021 Approved Strong Growth Of Revenues And EBITDA

Date 29/07/2021

• Revenues of €381.6 million (+13.6% YoY)
• EBITDA of €145.7 million (+28.1% YoY)
• Normalized earnings of €59.2 million (+52.6% YoY)
• Issuing and acquiring transaction volumes back to pre-Covid growth levels
• Rapid increase in volumes in Q2 2021 following the progressive easing of restrictions: +28% YoY in June and +17% on June 2019
• Strengthening of partnerships with banks, corporates and public sector bodies confirming the effectiveness of the Group's business model in seizing opportunities in the payments market

ACER Publishes The Latest Q&As On REMIT

Date 29/07/2021

ACER publishes today the 25th edition of the Q&As on REMIT developed in cooperation with the national regulatory authorities and containing the most up-to-date information concerning REMIT policy issues. In this edition, two existing Q&As have been updated and clarified, and two new Q&As have been included.

IMF Executive Board Discusses The Rise Of Public And Private Digital Money—A Strategy To Continue Delivering On The IMF's Mandate

Date 29/07/2021

The Executive Board of the International Monetary Fund (IMF) discussed a staff paper on “The Rise of Public and Private Digital Money—A Strategy to Continue Delivering on the IMF's Mandate”. A companion paper, “The Rise of Digital Money—A Strategic Plan to Continue Delivering on the IMF’s Mandate,” was discussed by the Executive Board in an informal meeting on April 2, 2021, and is also being published today.

ACER Publishes The Latest REMIT Quarterly

Date 29/07/2021

The 25th edition of ACER’s REMIT Quarterly has been published on the REMIT Portal. Covering the second quarter of 2021, this edition provides an update on ACER’s data quality work and describes its management of the List of Organised Market Places, briefly outlines ACER’s current registration processes for inside information platforms and registered reporting mechanisms (RRMs), and summarises the benefits of using its Notification Platform tool.