The founders of a cryptocurrency derivatives exchange settled CFTC charges related to owning and operating an unregistered platform.
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.
NFA instructed futures commission merchants and introducing brokers to revise their AML programs to reflect the updated Financial Action Task Force list of jurisdictions with strategic AML and Combating the Financing of Terrorism deficiencies.