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By Mike Castiglione, Director of Regulatory Affairs, Digital Assets In late June 2022, EU Parliament members announced agreement on a comprehensive bill that would require crypto businesses to follow anti-market abuse rules that build on the already-established rules for other asset classes outlined in the EU’s Market Abuse Regulation (MAR). This new bill, called the […]

By: Chris Montagnino, Director of Regulatory Affairs A US broker-dealer (the “Firm”) recently paid a fine of $75,000 and agreed to an undertaking in order to resolve a matter involving violations of the SEC’s Market Access Rule, 15c3-5.  The Firm was noted to have had inadequate controls to address particular requirements of 15c3-5 concerning erroneous

Originally published by City A.M.   Demand for Nickel has boomed over the last decade as car companies scramble to secure supplies to make batteries for their new ranges of electric vehicles. At the start of this year, concerns about supply shortages following Russia’s invasion of Ukraine – where Russia delivers nine per cent of the world’s

Originally published by WatersTechnology   Anti-money laundering laws and sanctions have brought complexity to banks’ KYC/AML processes. Some vendors are responding by investing in their systems. Know-your-customer and anti-money laundering (KYC/AML) processes at banks are a source of reputational risk. Corrupt elites don’t make themselves easy to catch, obfuscating their identities and hiding their tracks

Originally published by IFLR   Following the publication of the Lummis-Gillibrand bill in the US, market participants reiterate the need for consistency between standards adopted for digital asset regulation globally The Lummis-Gillibrand bill has been welcomed as a positive step towards the establishment of a regulatory framework for digital assets in the US, but consistency

Originally published by IFLR   A persistent lack of clarity from US authorities over digital asset regulation has forced some market participants to draw their own conclusions The absence of clear guidelines on cryptoasset regulation in the US has left market participants to their own devices when it comes to knowing which regulator they should

On June 1, 2022, the Department of Financial Protection and Innovation (DFPI) in California issued a request for comments seeking input from the public in developing guidance and regulatory clarity and supervision of covered persons/service providers involved in the offering and provision of crypto asset-related financial products.  The DFPI provided a number of sample questions

On May 24, 2022, the Commodity Futures Trading Commission (CFTC) setted charges against a global energy and commodities trading firm for manipulative and deceptive conduct. The conduct in question spanned 11 years from 2007 to 2018 and involved manipulation and foreign corruption in the U.S. and global oil markets, including manipulation or attempted manipulation of

Market valuations have been under pressure in 2022 but financial data volumes have only gone one way: up. How has the dynamic impacted surveillance approaches for financial services firms? In April, Eventus participated in the RegTech Asia 2022 conference. Vince Turcotte, Director Digital Assets, Asia Pacific, joined a panel examining how recent challenges of elevated

Originally published by Markets Media By Martin Appiah, Director of Regulatory Affairs, EMEA, Eventus   On 17 May 2022, the U.K.’s Financial Conduct Authority (FCA) published Market Watch 69, its latest newsletter on market conduct and transaction reporting issues. For decades the FCA have been undertaking suspicious transaction and order (STR/STOR) supervisory visits and questionnaires in