The DOJ, OFAC, FinCEN and the CFTC settled enforcement actions against Binance, its CEO and former CCO. The coordinated settlements addressed charges against the digital asset exchange for CFTC registration failures and for violations of the Bank Secrecy Act and International Emergency Economic Powers Act sanctions programs.
The CFTC and French financial regulators have signed a Memorandum of Understanding aimed at facilitating cooperation and the exchange of information related to supervising covered institutions that operate on a cross-border basis in the United States and France.
Commentary by Nihal Patel
The CFTC Division of Market Oversight extended until July 1, 2024 no-action relief from compliance with recent amendments to CFTC rules for reporting block transactions in swaps.
In an annual report, the SEC Division of Examinations identified current risks for investors and registrants and highlighted key areas for examination in 2024.
Swap dealers at three different financial institutions settled separate CFTC enforcement actions for trade reporting and other compliance violations.