Craig Buchan

Unisys, Avaya, Check Point and Mimecast have settled with the US securities regulator after allegedly misleading investors about the extent of their exposure to a major cyber attack in 2020.

An investigation by the US export controls enforcer previously yielded a civil penalty against the California-based company that manufactured the semiconductor building equipment sent to a banned Chinese company.

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Singaporean proposals to increase scrutiny of “gatekeepers” and expand a data sharing programme will result in “tangible changes” to the city-state's anti-money laundering regime, local lawyers have said.

“Sanctions are now being misused by the USA to bring international financial centres such as Switzerland under its total influence and comprehensive control,” said the lawyers, who have been designated in the US for allegedly helping clients evade Russia sanctions.

Two months after a short-seller accused the California-based server manufacturer of “glaring accounting red flags”, Supermicro's auditor has cancelled its statutory review of the company's finances.

In the latest people news, the former mayor of Seattle has moved into private practice and firms such as Gibson Dunn, Akin and Quinn Emanuel have announced the hires of former prosecutors.

A report detailing that a legal regulator in England and Wales may have uncovered alleged fraud at a law firm before its collapse could indicate the direction of a parallel SFO investigation, lawyers told GIR.

FCA bosses told a House of Lords select committee that they stood by plans to publicise enforcement investigations but accepted that the initial communication of the proposal was not the regulator's “finest hour”.

The Swiss financial regulator said it will “take the necessary steps to prepare supervised institutions for a crisis and integrate the lessons learned from the Credit Suisse case” as part of its 2025 to 2028 strategic goals.