Singapore banks will put in place the more stringent measures within the next two weeks, and work on more permanent solutions in the coming months.
January 20, 2022NatWest traders engaged in schemes to defraud in connection with spoof orders designed to profit from manipulation of the US Treasury securities and futures markets, the DOJ said.
December 24, 2021The Propex Derivatives trader is required to repay $21,000 in disgorgement and cease and desist from violating anti-spoofing and manipulation rules.
June 16, 2021Video-based KYC can be used for onboarding individual customers, business owners, and authorised signatories and beneficial owners of legal entities.
May 18, 2021The settlement will fully resolve investigations carried out by the DOJ, CFTC and SEC into trades made over nearly ten years.
October 1, 2020The two former traders were found guilty of fraud charges for their respective roles in manipulating gold and silver futures prices.
September 30, 2020Four Scotiabank traders based in New York, London and Hong Kong placed thousands of orders in precious metals futures between 2008 and 2016 to manipulate prices.
August 21, 2020Deutsche Bank will pay $9mn for violating swap data reporting requirements during a system outage, and $1.25mn for spoofing carried out by two Tokyo-based traders.
June 19, 2020The investor KYC process can be completed through websites or apps, which should include video-based ID verification, liveness checks, and electronic signatures and documents.
April 27, 2020The CFTC has ordered Propex Derivatives to pay $1mn, comprising restitution, disgorgement, and a civil monetary penalty. The DOJ has also entered a deferred prosecution agreement with the firm.
January 23, 2020