Binance’s first chief compliance officer, Samuel Lim, is facing civil charges as part of the Commodity Futures Trading Commission's suit against the crypto exchange. What could this mean for other CCOs?
of undermining Binance’s compliance program and conducting activities to evade rules designed to prevent illicit financial activity, the Commodity Futures Trading Commission said Monday.
The CFTC, the derivatives market regulator, alleged that Mr. Lim and other officers promoted the use of creative means to help the exchange’s customers circumvent Binance’s compliance controls. He allegedly implemented a corporate policy that advised Binance’s U.S.
The charges against Mr. Lim represent CFTC’s increasing scrutiny in regulating the crypto industry, particularly in holding company executives accountable, according to Rory Doyle, financial crime policy manager at regulatory technology provider Fenergo. The vast majority of fines levied by regulators were against institutions, according to an analysis of regulatory enforcement actions Fenergo conducted recently. But Mr.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Former CFTC Chair Massad on CFTC Lawsuit Against Binance: It's a 'Big Deal'The CFTC has sued Binance on allegations that the crypto exchange offered unregistered crypto derivatives products and directed U.S. customers to evade compliance controls through the use of VPNs. Bernstein analysts predict the CFTC could require Binance to cease operations in the U.S. as part of a potential settlement. Timothy Massad, Harvard Kennedy School Research Fellow and former CFTC Chair, shares his reaction and the potential implications for the state of U.S. crypto regulation. [reward]679e01c3-4c4c-4baa-8a79-6077e51e5165[/reward]
Les mer »
Coinbase Chief Legal Officer: There’s ‘A Lot to Unpack’ in CFTC’s Filing Against Binance.coinbase Chief Legal Officer iampaulgrewal says “there is a lot to unpack” in the CFTC lawsuit against binance, but what's most striking is how much the CFTC and SEC differ on whether some cryptos are commodities or securities. _franvela reports
Les mer »
CFTC's complaint against Binance seeks permanent trading and registration bans, and other detailsWe read the CFTC's 74-page complaint so you don't have to.
Les mer »
7 details in the CFTC lawsuit against Binance you may have missedThe devil is in the details of the CFTC lawsuit which has accused Binance and its boss of everything from insider trading to evading KYC controls. Here are a few details you may have missed in the ruckus.
Les mer »
CZ Trading Against Binance Clients From 300 Accounts, CFTC Documents Claim.cz_binance linked to 300 proprietary trading accounts of Binance and has two 'individual ones,' CFTC claims. caprioleio
Les mer »
Former CFTC Chairman: Regulator's Lawsuit Against Binance 'Is a Big Deal'The level of detail found within the CFTC filing against binance is “really quite striking,” said Kennedy_School's Timothy Massad, a former CFTC chief. This is a 'big deal.' _franvela reports
Les mer »