Regulatory Updates
US CFTC Charges Fake Commodity Trading Platform with Fraud and Misappropriation in Scheme Targeting Asian Americans
On 27 September 2024, the United States’ Commodity Futures Trading Commission (US CFTC) filed a civil enforcement action in the U.S. District Court...
US CFTC’s Division of Clearing and Risk to Hold Roundtable on New and Emerging Clearing Issues
On 27 September 2024, the United States’ Commodity Futures Trading Commission (US CFTC)'s Division of Clearing and Risk announced a public...
US FinCEN & US Treasury Takes Coordinated Actions Against Illicit Russian Virtual Currency Exchanges and Cybercrime Facilitators
On 26 September 2024, the United States’ Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Department of the Treasury, passed an...
Singapore High Court Orders WazirX & Zettai Pte. Ltd. to Address Creditors’ Queries Amid Ongoing Moratorium Dispute
On 25 September 2024, in moratorium hearing before the High Court of Singapore, Zettai Pte. Ltd. was enquired with several questions. The...
UK FCA Proposes Consultation Paper to Safeguard Customer Funds in Payments and E-Money Firms
On 26 September 2024, the United Kingdom’s Financial Conduct Authority (FCA), published a consultation paper (CP24/20), to address the existing...
MAS Establishes International Advisory Panel to Strengthen Cyber and Technology Resilience
On 25 September 2024, the Monetary Authority of Singapore (MAS) announced the formation of Singapore’s new Cyber and Technology Resilience Experts...
Latvijas Banka to Issue Energy-Themed Collector Coin Highlighting Nuclear Fusion and Scientific Innovation
On 23 September 2024, Latvijas Banka announced the launch of the "Energy Coin," a collector coin set to be issued on 26th September 2024. The coin...
US CFTC Takes Action Against Unregistered Crypto and Binary Options Platforms
On 3 September 2024, the Commodity Futures Trading Commission (CFTC) took significant enforcement actions against four online trading platforms,...
US SEC Settles Charges with TrueCoin and TrustToken Over Fraud and Unregistered Sale of Securities
On 24 September 2024, the U.S. Securities and Exchange Commission (US SEC) initiated a complaint against TrueCoin LLC and TrustToken Inc. for...
CFTC Orders Piper Sandler Hedging Services to Pay $2 Million for Recordkeeping and Supervision Violations
On 23 September 2024, the US Commodity Futures Trading Commission (CFTC) issued an enforcement order against Piper Sandler Hedging Services LLC for...
Atom Investors Charged with Recordkeeping Violations, Avoids Civil Penalty Due to Cooperation and Prompt Remediation
On 23 September 2024, the U.S. Securities and Exchange Commission (SEC) announced settled charges against Atom Investors LP, a Texas-based...
US Federal Court Orders Koo Ichioka to Pay Over US $36 Million for Forex and Digital Asset Fraud
On 20 September 2024, the U.S. Commodity Futures Trading Commission (US CFTC) announced that William Koo Ichioka, a New York resident formerly of...