News Centre

Supervising Cryptoassets For Anti-Money Laundering

Date 08/04/2021

Although certain cryptoassets have the potential to make payments and transfers more efficient, some of their features may heighten money laundering/terrorist financing (ML/TF) risks. In particular, the speed of transactions, global reach, potential for anonymous activity and the potential for transactions to take place without financial intermediaries make cryptoassets vulnerable to misuse. In fact, the scale of illicit use of cryptoassets is already significant, highlighting the importance of AML/CFT regulation and supervision, as well as law enforcement, in this area.

Federal Court Orders New Mexico Man To Pay Over $10.3 Million For Defrauding Commodity Futures Clients In Long-Running Ponzi Scheme

Date 08/04/2021

The Commodity Futures Trading Commission today announced that the U.S. District Court for the District of New Mexico entered a consent order for permanent injunction, monetary sanctions, and equitable relief against Douglas Lien of Santa Fe, New Mexico. The court imposed more than $10.3 million in monetary sanctions and relief for defendant’s wrongdoing, including his misappropriation of client money intended for futures trading. According to the order, the defendant admitted to misappropriating the funds and issuing false account statements to conceal his fraud for nearly 20 years.

Brevan Howard Ltd/WinnGroups Ltd – Online Trading Platform winngc.com: BaFin Prohibits Unauthorised Portfolio Management

Date 08/04/2021

In a notice dated 15 March 2021, BaFin ordered Brevan Howard Ltd/WinnGroups Ltd to immediately cease unauthorised portfolio management activities.

Record Q1 For TISE Listings

Date 08/04/2021

There have been a record number of first quarter listings on The International Stock Exchange (TISE).

Federal Reserve Announces Final Rule Making Technical, Clarifying Changes To The Federal Open Market Committee’s Rules Describing Its Freedom Of Information Act Procedures

Date 08/04/2021

The Federal Reserve on Thursday announced a final rule that makes technical, clarifying updates to the Federal Open Market Committee's rules describing its Freedom of Information Act (FOIA) procedures. The final rule is generally similar to the proposal from October 2020, with a few changes in response to public comments.

Communiqué Of The Forty-Third Meeting Of The IMFC

Date 08/04/2021

The Committee expresses its deep appreciation to Governor Lesetja Kganyago for his leadership as IMFC Chair and welcomes Minister Magdalena Andersson as the new Chair.

Moscow Exchange: Risk Parameters Change For The Security RU000A0ZZ1H2

Date 08/04/2021

As per the Securities market risk parameters methodology, on 08.04.2021, 17-13 (MSK) the lower bound of the price band (up to 87.25) and initial margins (up to 10 %) for the security RU000A0ZZ1H2 were changed. New values are available here

Carolyn Wilkins Appointed To The UK Financial Policy Committee

Date 08/04/2021

Carolyn Wilkins has been appointed as an external member of the Financial Policy Committee (FPC), the Chancellor of the Exchequer, Rishi Sunak, has announced today.

Federal Reserve Board Invites Public Comment On A Proposal To Automate Non-Merger-Related Adjustments To Member Banks’ Subscriptions To Federal Reserve Bank Capital Stock

Date 08/04/2021

The Federal Reserve Board on Thursday requested public comment on a proposal to automate non-merger-related adjustments to member banks' subscriptions to Federal Reserve Bank capital stock. The automated process would eliminate the need for member banks to file applications to adjust their stock subscriptions—except in the context of mergers—and would significantly reduce the annual reporting burden.

BME: The Pre-Market Environment Adds Axon Partners Group As A Partner

Date 08/04/2021

• Axon Partners Group will participate as a potential investor and partner introducing companies and will collaborate with BME Growth through training sessions
• There are already 17 companies and 18 partners that are part of this BME initiative aimed at companies looking to access financial markets