News Centre

Japan Financial Services Agency: “Launching Japan’s Impact Consortium” Announced

Date 22/11/2023

As the importance of environmental and social issues such as climate change and the declining birthrate and aging population increases, the support for businesses that contribute to resolving these issues has become an urgent task.

ASIC Annual Forum 2023: Navigating Disruption - Regulator Perspectives

Date 22/11/2023

KEY POINTS

• This article follows a session on how Australia’s financial services and consumer protection regulators are navigating a time of constant change and disruption at the 2023 ASIC Annual Forum in Melbourne.
• Financial markets are fast-paced and constantly evolving, and regulators are harnessing new developments in technology, automation, and digital innovation to stay ahead of the game.
• ASIC is continually developing its capabilities to become a leading digitally enabled and data-informed regulator.

Statement Of CFTC Commissioner Caroline D. Pham Regarding Binance Consent Orders

Date 21/11/2023

Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham released the following statement regarding the CFTC’s consent orders related to Binance announced today:

“These enforcement actions, including separate consent orders against two individuals with hundreds of millions of dollars in penalties, demonstrate that the CFTC is committed to holding management accountable.

Statement Of CFTC Commissioner Caroline D. Pham On Chief Compliance Officer Liability

Date 21/11/2023

This consent order related to Binance is the first time that the CFTC is charging a compliance officer with individual liability.

Statement Of CFTC Commissioner Christy Goldsmith Romero On Bringing Binance And Its Founder To Justice

Date 21/11/2023

Today, the CFTC has filed with the court a proposed resolution of the case against Binance, which operates the world’s largest digital asset trading platform, its founder and CEO Changpeng Zhao, and its Chief Compliance Officer Samuel Lim, in connection with proposed resolutions of a criminal case by the Department of Justice, and a civil case by the Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) and Treasury’s Office of Foreign Assets Control (“OFAC”).  The case is resolved for $2.8 billion, a ban from operating unregistered in CFTC-regulated markets, changes to implement Know Your Customer (KYC) controls, and removing accounts that violate the new controls, including U.S. trading firms.

Statement of Commissioner Kristin N. Johnson Regarding CFTC’s Landmark Resolution of Charges against Binance and Its CEO and CCO

Date 21/11/2023

Today the Commodity Futures Trading Commission (CFTC) announced the filing of a proposed consent order in its litigation against three affiliated entities of the cryptocurrency exchange Binance, Binance's founder and chief executive officer (CEO) Changpeng Zhao, and former Binance chief compliance officer (CCO) Samuel Lim. Pending approval by Judge Manish S. Shah of the United States District Court for the Northern District of Illinois, this order will resolve the CFTC’s litigation against Binance, Zhao, and Lim filed in March of this year. The Commission’s complaint charged the defendants with offering and executing illegal off-exchange futures, options, and retail commodity transactions; failing to register as a futures commission merchant and a designated contract market or swap execution facility; failing to diligently supervise, including failing to maintain a Customer Identification Program (CIP), know your customer (KYC) procedures, or an anti-money laundering (AML) program; and conducting activities designed to willfully evade requirements of the Commodity Exchange Act (the CEA) and Commission Regulations.

CFTC: Binance Former Chief Compliance Officer, Samuel Lim, Agrees To Pay $1.5 Million For Willfully Evading U.S. Law, And Aiding And Abetting The Illegal Operation Of A Digital Asset Derivatives Exchange, And Other Violations

Date 21/11/2023

The Commodity Futures Trading Commission today announced former Binance Chief Compliance Officer, Samuel Lim, agreed to a proposed consent order for permanent injunction, civil monetary penalty, and equitable relief that, if entered by the U.S. District Court for the Northern District of Illinois, will resolve all charges the CFTC brought against Lim for violating the Commodity Exchange Act (CEA) and willfully aiding and abetting Binance’s numerous violations of the CEA as detailed in the CFTC filing against Binance today. [See CFTC Press Release No. 8825-23]

Statement Of CFTC Chairman Rostin Behnam Regarding Binance And Its Founder

Date 21/11/2023

Good afternoon.  Thank you, Attorney General Garland, Treasury Secretary Yellen, Deputy Attorney General Monaco, and all of our law enforcement counterparts.

Binance And Its CEO, Changpeng Zhao, Agree To Pay $2.85 Billion For Willfully Evading U.S. Law, Illegally Operating A Digital Asset Derivatives Exchange, And Other Violations - Binance And Zhao Also Resolve Charges With DOJ, FinCEN, And OFAC That, In Total With The CFTC, Require Over $4.3 Billion Payment In Monetary Penalties

Date 21/11/2023

The Commodity Futures Trading Commission today announced Changpeng Zhao, and his companies Binance Holdings Limited, Binance Holdings (IE) Limited, and Binance (Services) Holdings Limited (together, Binance) agreed to a proposed consent order for permanent injunction, civil monetary penalty, and equitable relief that, if entered by the U.S. District Court for the Northern District of Illinois, will resolve all charges the CFTC brought against Zhao and Binance for knowingly disregarding provisions of the Commodity Exchange Act (CEA) to profit from their operation of an illegal digital assets derivative exchange.

Intercontinental Exchange Chair & CEO Jeffrey C. Sprecher To Present At The Goldman Sachs U.S. Financial Services Conference On December 5

Date 21/11/2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, announced today that Jeffrey C. Sprecher, Chair and CEO, will present at the Goldman Sachs U.S. Financial Services Conference. The presentation will take place on Tuesday, December 5 at 1:40 pm ET. The presentation will be available live and in replay via webcast and can be accessed in the investor relations and media section of ICE’s website at http://ir.theice.com/.