Treasury Extends Anti-Money-Laundering Rules to Private Equity

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 20 February 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Feb. 20. The first case involving what defense lawyers call “shadow insider trading” goes to trial next month. Reporter Dave Michaels explains the test it poses for the SEC. And after decades of debate, the U.S. Treasury Department is planning to extend anti-money-laundering rules to private equity. WSJ Pro reporter Chris Cumming has more. Plus, FuboTV sues ESPN, Warner and Fox over their planned sports-streaming service. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	F word and travel.
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0:15.5	Pay no H.S.B.C. fees overseas with a global money account.
0:19.0	H.S.C. UK, opening up a world of opportunity.
0:22.2	Available to H.S.CC UK customers with an eligible current
0:24.6	account exclude some accounts such as the HSPC Basic Bank account for mobile banking
0:28.0	app users only non-HSPC fees may apply.
0:31.0	The SEC brings the first Shadow Insider Trading case to court.
0:38.0	And the U.S. Treasury Department is planning to extend anti-money laundering rules to private equity.
0:43.7	It's the fruit of a lot of pressure by certain members of Congress who've been asking for
0:48.2	this for many years, as well as financial reform groups that have said this is just a glaring hole in the
0:55.5	anti-money laundering controls for a really long time.
0:58.5	Plus ESPN, Warner, and Fox are being sued over their planned sports streaming platform.
1:04.0	It's Tuesday, February 20th.
1:05.8	I'm Anne-Marie Fertulli for the Wall Street Journal.
1:08.1	This is the PM edition of What's News,
1:10.2	the top headlines and business stories that move the world today.
	...

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