Regulatory Updates
FATF Publishes Blacklist of High-Risk Jurisdictions Requiring Enhanced Due Diligence as of 13 June 2025
On 13 June 2025, the Financial Action Task Force (FATF) released its latest update on High-Risk Jurisdictions subject to a Call for Action, commonly...
Singapore MAS Imposes S$960,000 in Composition Penalties on Five Payment Institutions for AML/CFT Breaches in Q2 2025
On 1 July 2025, the Monetary Authority of Singapore (MAS) released its quarterly update on regulatory and enforcement actions. MAS...
US CFTC Issues Comprehensive FAQ Guidance on Futures Commission Merchant Registration and Compliance Obligations
On 30 June 2025, the United States Commodity Futures Trading Commission (US CFTC) released a set of Frequently Asked Questions (FAQs) clarifying the...
US CFTC Issues No-Action Letter for MIAX Futures on Derivatives Trading of Wheat Options
On 25 June 2025, the United States Commodity Futures Trading Commission (US CFTC) issued a No-Action Letter (CFTC No-Action Letter No. 25-17) in...
US SEC Reviews NYSE Arca Proposal to List Grayscale Crypto ETF: Amendment Filed to Enable Spot Market Exposure via Digital Large Cap Fund
On 27 June 2025, the United States Securities and Exchange Commission (US SEC) issued Release No. 34-103345 (File No. SR-NYSEARCA-2024-87), inviting...
SEC Extends Compliance Date for Daily Reserve Computation Rule for Broker-Dealers to 30 June 2026
On 25 June 2025, the US Securities and Exchange Commission (SEC) announced an extension of the compliance date for the amendments to US SEC Rule...
Billy Long Sworn in as 51st US IRS Commissioner, Pledges Taxpayer-Friendly Reforms
On 16 June 2025, Billy Long was appointed as the 51st Commissioner of the United States Internal Revenue Service (IRS), following his Senate...
FATF Updates List of Jurisdictions Under Increased Monitoring for AML/CFT Compliance
On 13 June 2025, the Financial Action Task Force (FATF) published its latest update on countries under increased monitoring for anti-money...
Cayman Islands Monetary Authority Cancels AC Holding Limited’s VASP Registration for Non-Compliance
On 5 June 2025, the Cayman Islands Monetary Authority (CIMA) issued a notice and thereby cancelled the Virtual Asset Service Provider registration...
Global Regulators Crack Down on Unlawful Finfluencers: ASIC Targets Finfluencers in Global Regulatory Sweep
On 12 June 2025, the Australian Securities and Investments Commission (ASIC) joined a global coalition of nine international regulators in a...
US CFTC Commissioner Kristin Johnson’s 2025 CCP AGM Address Highlights Urgent Cybersecurity Measures and Crypto Exchange Oversight Amid Bybit Hack Fallout
On 19 June 2025, Commissioner Kristin N. Johnson delivered a speech at the CCP Global Annual General Meeting in Amsterdam recognising the need for...
Singapore MAS Launches 2025 SFF FinTech Excellence Awards with Focus on AI and Crypto-Relevant Regulatory Innovation
On 16 June 2025, Singapore, the Monetary Authority of Singapore (MAS), in partnership with the Singapore FinTech Association (SFA) and supported by...