NFA directed member firms to a recent FinCEN Alert stressing the AML obligations of futures commission merchants and introducing brokers in the wake of recent Russia-related economic sanctions.

A derivative exchange specializing in the trading of products based on virtual currencies settled CFTC and FinCEN charges for operating as an unregistered futures commission merchant and for Bank Secrecy Act violations.

CFTC amendments intended to "comprehensively" update its bankruptcy regulations were published in the Federal Register.

The CFTC unanimously approved amendments intended to "comprehensively update" its bankruptcy regulations.

FinCEN solicited comment on potential amendments to the rules under the Bank Secrecy Act that would specify the elements of "an effective and reasonably designed" AML program.