United States
Crypto
The US Treasury has removed (subscription) its sanctions on cryptocurrency mixer Tornado Cash.
Data
Stalkerware SpyX was hit by a data breach that may have compromised details of up to two million users.
Judge blocks DOGE access to critical social security data.
Enforcement
The SEC obtained a final judgment against man for fraudulently raising $2.7m from over 20 investors in securities scheme.
The DOJ cut short (subscription) independent monitoring of the global mining and energy trading conglomerate Glencore.
ESG
Despite rejecting the accusations Google has agreed to settle a lawsuit accusing it of racial bias.
JP Morgan is the latest large bank to step back (subscription) from DEI policies renaming its programmes in this area as diversity, opportunity and inclusion and striking the term from its most recent annual report.
Climate and scientific data is being scrubbed from government websites.
Regulation
The SEC updated the “Portfolio or Investment Characteristics” and the “Extracted Performance” sections of its Marketing Compliance FAQ
CFTC offers new advisory on generative AI-enabled fraud.
US health-tech industry continues to self-regulate without official guidance, sources say.
California AI experts request increased transparency, setting up a new framework for statewide regulation in the aftermath of Governor Gavin Newsom’s veto of the state’s landmark AI bill.
Australia
Australia’s government has introduced a framework for crypto regulation under existing laws, and offers strategy for mitigating debanking.
China
Two Chinese petrochemicals groups and a refiner have been sanctioned (subscription) by the US for allegedly importing and buying Iranian crude oil.
AstraZeneca will invest (subscription) $2.5bn in a Beijing hub despite regulatory probes by the Chinese government.
China publishes rule designed to counter “discriminatory” IP disputes launched in the West.
EU
The EU has sent details to Apple how it expects the company to comply with interoperability provisions of the bloc’s Digital Markets Act (DMA).
France
The AMF has introduced a fast-track procedure for the approval of defence funds and will work “to ensure that sustainable finance regulations do not create undue obstacles to defence financing” as the focus on climate shifts to the bolstering of militaries in Europe.
India
After a period of rapid growth the Indian renewable sector may potentially face regulatory pressures.
International
The IFRS started work on its agenda consultation, which will shape its strategy and workplan from 2027.
IOSCO launched I-SCAN, an alerts portal intended to warn investors of suspicious company and combat retail investment fraud.
activity
Dubai mulls loosening regulations to bring in more hedge funds.
Norway
Demonstrating the propensity of AI systems to “hallucinate” Chat GPT told a Norwegian man that he had killed two of his children and had been jailed for 21 years for the murders.
Switzerland
The Swiss ministry of finance has fined (subscription) Lara Warner, former Credit Suisse CCO and CRO, 100,000 Swiss francs ($114,000) for allegedly failing to notify Swiss authorities of suspicious transactions involving the bank and the finance ministry of Mozambique.
UK
The ONS producer price indices and services producer price indices are “flawed” according to the agency.
