Crypto / Digital Assets

US Court Approves $12.7B Settlement Between CFTC, FTX

09/08/2024

The CFTC’s Ian McGinley said the settlement represents the largest recovery for investors in the regulator’s history.

Enforcement

Asset Manager H2O Avoids UK Fine by Agreeing to Repay Investors

09/08/2024

The FCA decided not to impose a fine despite “extremely serious” regulatory breaches that resulted in investors being trapped in funds since 2020.

ESG / Sustainability

Malaysia to Develop Fundraising Platform for Domestic Carbon Projects

09/08/2024

Bursa Malaysia is establishing a new industry working group to help develop a conceptual framework for the new fundraising platform.

BOJ Pledges No Rate Hikes While Markets are “Unstable”

08/08/2024

BOJ’s recent rate hike prompted a significant unwinding of the Japanese yen carry trade which fueled a rout in global stock markets.

Securities / Derivatives

PBOC Requests Daily Reports from FIs on Bond Holdings

08/08/2024

NAFMII has also launched a probe against four rural commercial banks over suspected manipulation in the treasury bond market.

AML / KYC

US, Germany Take Down Illicit Crypto Platform Cryptonator

08/08/2024

Cryptonator facilitated transactions worth USD 1.4 billion, including those linked to sanctioned entities and criminal marketplaces.

Fintech / Regtech

US Lawmakers Introduce Regulatory Sandbox Bill for AI

08/08/2024

The legislation would require the Fed, SEC, OCC, CFPB, FDIC, FHFA, and NCUA to establish regulatory sandboxes for AI experimentation.

AML / KYC

Taiwan FSC Imposes AML Fine on Crypto Firm Rybit

07/08/2024

Rybit failed to properly conduct customer risk assessments, confirm customer identities, and retain complete records, among other violations.

AML / KYC

HKMA Expands FINEST Platform to Ten Participating Banks

07/08/2024

HKMA’s Raymond Chan said the proposal to expand FINEST to allow sharing of personal account information received broad support.