A Laundry List of Compliance Failures Landed BitMEX a $100M Penalty from CFTC and FinCEN
In a recent assessment, CFTC and FinCEN found the virtual currency exchange BitMEX lacked a number of licenses and had ...
Tag: Commodity Futures Trading Commission (CFTC)
The Vitol Enforcement Action
If there was ever a question about energy traders and FCPA risk, a recent FCPA enforcement action against Vitol answers ...
How to Safeguard Your Firm from Regulatory Action
A recent SEC settlement with Interactive Brokers underscores the need for true commitment to compliance. Guidepost Solutions’ Megan Prendergast Millard ...
CFTC Updates Reporting and Cooperation Advisory for Foreign Corrupt Practices
Early last month, the CFTC issued new advisory addressing foreign corrupt practices. Willkie Farr attorneys provide highlights and discuss implications.
How Does a Compliance Officer Blow the Whistle – And What Happens Then?
Compliance officers eligible to participate in the SEC and CFTC whistleblower programs must navigate strict rules. Speaking up always carries ...
The Cost of Noncompliance is Rising – How Regtech Can Help
In this follow-up to a recent piece extolling the benefits of regtech, ACA Technology’s Burt Esrig provides insight into the ...
Can Compliance Officers Be Whistleblowers?
Whistleblower award programs had record-breaking years in 2018, with more than $243 million in award payouts. Attorneys Michael Filoromo and ...
A Look Back on the CFTC’s Robust Year in Enforcement
Gregory S. Kaufman and Amber S. Unwala of Eversheds Sutherland (US) LLP review enforcement activity by the Commodity Futures Trading ...
The CFTC Wants You to Turn Yourself In
Commission Prepares to Implement Self-Reporting Program The Director of the Division of Enforcement at the Commodity Futures Trading Commission (CFTC) ...
Cyber Crime is Professional
This year, we’ve seen some significant, high-profile cyber crime, from email hacks to cyber bank theft. Because the attackers and ...
Cognitive Risk Framework for Cybersecurity
Despite the fact that organizations are spending more than ever on cybersecurity, the threats continue to increase. Cyber risk is ...
Social Media Sites: An Open Door for Financial Fraud
As the use of social media becomes intertwined with daily business activity, a new threat is emerging: hackers are finding ...
