Enforcement

CFTC Penalises Nasdaq Futures Over False Disclosures

30/08/2024

Nasdaq Futures, which operated an energy commodity futures market from 2015-2018, did not fully disclose details of an incentive programme.

Crypto / Digital Assets

WFE Offers Recommendations on Crypto Custody Practices

30/08/2024

The recommendations draw lessons from traditional finance to guide crypto custody providers in creating a safer space for investors.

Enforcement

Australian Court Sentences Financial Adviser to 12 Years Jail

30/08/2024

Ben Jayaweera dishonestly obtained money from clients for investments and then transferred the funds to his own accounts.

Crypto / Digital Assets

US SEC Settles Charges Against Crypto Firm Abra

30/08/2024

The SEC said Abra operated as an unregistered investment company and sold a retail crypto asset lending product that should have been registered.

Fintech / Regtech

ASIC Launches Pilot Digital Portal for AFS Licensing

30/08/2024

The pilot involves a limited number of new AFSL applications before the new digital portal is fully adopted in Q1 2025.

Crypto / Digital Assets

US SEC Planning Legal Action Against NFT Platform OpenSea

29/08/2024

OpenSea CEO Devin Finzer said the SEC is threatening to sue because “they believe NFTs on our platform are securities”.

Market Infrastructure

EU, China Launch Formal Discussions on Cross-border Data

29/08/2024

The discussions seek to find ways for EU businesses to receive non-personal data from China without breaking the country’s data laws.

AML / KYC

NYDFS Fines Nordea Bank $35mn for AML Failures

29/08/2024

NYDFS said Nordea’s deficient AML programme exposed it to a “high risk of criminal abuse” which was “imported” to New York’s financial system.

Sanctions

US Sanctions Israeli NGO and Civilian Security Officer

29/08/2024

The NGO and security officer were sanctioned for providing support to sanctioned Israeli settlers in the West Bank.