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Regulatory Watch News

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  SEC Charges Multiple Individuals and Entities in Relationship Investment Scams

  SEC

  September 17, 2024

  Schemers allegedly used WhatsApp, LinkedIn, and Instagram to lure investors to fake crypto asset trading platforms before stealing their money

  Washington D.C., Sept. 17, 2024 —

  The Securities and Exchange Commission today charged five entities and three individuals in connection with two relationship investment scams involving fake crypto asset trading platforms NanoBit and CoinW6, respectively. The SEC’s two complaints allege that the defendants solicited investors via social media apps, lied to them to gain their trust and confidence, and then stole their money. These charges are the SEC’s first enforcement actions alleging these types of scams.

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  Justice Department Announces Five Cases Tied to Disruptive Technology Strike Force

  US Department of Justice

  September 17, 2024

  The Justice Department today announced criminal charges in five cases from four U.S. Attorney’s offices in connection with the multi-agency Disruptive Technology Strike Force (Strike Force). The Strike Force is co-led by the Departments of Justice and Commerce to counter efforts by hostile nation states to illicitly acquire sensitive U.S. technology to advance their authoritarian regimes and facilitate human rights abuses. Launched in February 2023, the Strike Force’s work has led to the unsealing of charges against 34 defendants in 24 cases involving alleged export control violations, smuggling, theft of trade secrets, and other charges by actors connected to Russia, China, and Iran.

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  Painting like Rembrandt: managing risks in the age of AI

  DNB

  September 17, 2024

  ‘Many of the potential risks of AI may seem new, but if you look beneath the surface, they are strikingly similar to traditional financial risks. Risks that we are familiar with.’, said Steven Maijoor at a Bloomberg event in Amsterdam on September 16th. He spoke about the benefits and risk of digital innovation in the financial sector.