Judge Approves Puerto Rico Debt Restructuring, But Unelected “Junta” Could Remain for Years Longer

This is a rush transcript. Copy may not be in its final form. AMY GOODMAN: A federal judge on Tuesday approved yet another adjustment to restructuring some of Puerto Rico’s massive debt. The proposal was presented by Puerto Rico’s U.S.-imposed financial oversight board — known as La Junta — and it reduces the biggest portion of the …
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The Kingdom of Saudi Arabia approves new Anti-Financial Fraud and Deceit Law

By Richard Gibbon and Malak Abbas, July 7, 2021 On April 30, 2021, Ministers in Saudi Arabia approved a new law, due to come into force in September of this year, which is designed to enhance the Kingdom’s efforts to combat financial crime. Cabinet Decision and New Law According to the Saudi Arabian Central Bank …
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SEC Approves Changes to Its Whistleblower Program

This week, in a 3-2 vote, the U.S. Securities and Exchange Commission (“SEC” or the “Commission”) approved significant changes to the rules governing its whistleblower program.  The program, established by the Dodd-Frank Act in 2011, incentivizes those with information about possible securities law violations to report to the SEC.  If the tipster provides “high-quality original …
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