SEC Investor Advisory Committee to Examine Pass-Through Voting and Other Means of Reaching the Ultimate Beneficial Owner; Discuss Market Perspectives on Non-GAAP Financial Disclosures at June 5 Meeting
SEC
Washington D.C., May 29, 2025 —
The Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting at the SEC Headquarters in Washington D.C. on June 5, 2025, at 10 a.m. ET. The meeting will also be webcast on the SEC website.
The committee will host two panels:
Engaging with Beneficial Owners: Exploring Pass-Through Voting and Other Means of Reaching the Ultimate Beneficial Owner; and
Beyond the GAAP: Market Perspectives on Non-GAAP Financial Disclosures
Treasury Takes Action Against Major Cyber Scam Facilitator
OFAC
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Funnull Technology Inc., a Philippines-based company that provides computer infrastructure for hundreds of thousands of websites involved in virtual currency investment scams, commonly known as “pig butchering,” along with its administrator, Liu Lizhi. Americans lose billions of dollars annually to these cyber scams, with revenues generated from these crimes rising to record levels in 2024. Funnull has directly facilitated several of these schemes, resulting in over $200 million in U.S. victim-reported losses.
Rise in production and trafficking of synthetic drugs from the Golden Triangle, new report shows
UNODC
The illicit manufacture and trafficking of synthetic drugs from the Golden Triangle have grown exponentially, according to a report released today by the United Nations Office on Drugs and Crime (UNODC). The explosive growth has led to a record amount of methamphetamine seizures in East and Southeast Asia, totaling 236 tons, marking a 24 per cent increase compared to 2023.
"The 236 tons represent only the amount seized;much more methamphetamine is actually reaching the market,” said Benedikt Hofmann, UNODC Acting Regional Representative for Southeast Asia and the Pacific. “While these seizures reflect, in part, successful law enforcement efforts, we are clearly seeing unprecedented levels of methamphetamine production and trafficking from the Golden Triangle, in particular Shan State.”