United States

    Crypto / Digital Assets

    IOSCO Outlines Planned Work to Address Crypto Market Risks

    By Editors | 07/07/2022

    The roadmap will initially focus IOSCO’s Fintech Taskforce on work to analyse and respond to market integrity and investor protection concerns.

    Enforcement

    CFTC Fines BNP, JPM for Swap Reporting Violations

    By Editors | 06/07/2022

    BNP Paribas agreed to pay USD 6 million for failing to correctly report over three million swap transactions. JPMorgan was fined USD 850,000.

    Enforcement

    Former Archegos Employee Sues Firm Over Deferred Bonuses

    By Manesh Samtani | 06/07/2022

    Archegos employees were “coerced” to invest their bonus money into the firm through a deferred compensation plan, which evaporated when the company collapsed last March.

    Crypto / Digital Assets

    Crypto Hedge Fund Three Arrows Capital Files for Bankruptcy

    By Manesh Samtani | 05/07/2022

    The bankruptcy filing came three days after Three Arrows entered into liquidation in the British Virgin Islands.

    AML / KYC

    US Bill Set to Bring Gatekeepers into Scope of AML Rules

    By Editors | 05/07/2022

    The Enablers Act would require financial advisers, lawyers, art and antiquities traders to perform due diligence on their clients and file SARs.

    Enforcement

    US DOJ Files Charges Against Six Individuals Over Crypto Frauds

    By Editors | 04/07/2022

    Criminal charges were filed in four separate cases of alleged crypto-related fraud, including the largest known NFT scheme charged to date.

    Market Infrastructure

    US Fed Delays ISO 20022 Implementation Until March 2025

    By Editors | 03/07/2022

    ISO 20022 implementation for the Fedwire Funds Service is being delayed to prioritise the launch of the new FedNow Service.

    Enforcement

    Tougher Enforcement, Regulation on ESG Funds a “Wake-up Call”

    By ESG Investor | 03/07/2022

    DWS whistle-blower Desiree Fixler welcomes enforcement action as necessary to deal with greenwashing.

    Fintech / Regtech

    Thai SEC Launches Open Data Portal to Enhance Transparency

    By Editors | 30/06/2022

    The data centre provides information on business operators, licensed individuals, and the products available – including digital assets.

    Enforcement

    US SEC Fines EY for Employee Cheating on CPA Exams

    By Editors | 30/06/2022

    The settlement is largest penalty the SEC has ever imposed against an audit firm, double KPMG’s 2019 penalty.

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