UK FCA Fines Arian Financial LLP £288,962.53 for Failures Linked to Cum-Ex Trading

by Theresa Joy Lacatan | Jan 13, 2025 | Blog News, Crypto News

On 10 January 2025, the United Kingdom Financial Conduct Authority (UK FCA) announced that it had fined Arian Financial LLP £288,962.53 for failings in its systems and controls against financial crime. The UK FCA found that Arian’s shortcomings exposed the firm...

HK SFC Warns Public About Unlicensed Virtual Asset Trading Platform “iSCAT Exchange”

by Theresa Joy Lacatan | Jan 13, 2025 | Blog News, Crypto News

On 10 January 2025, the Hong Kong Securities and Futures Commission (HK SFC) issued a public warning against an unlicensed virtual asset trading platform (VATP) known as International Standard Carbon Assets Technology Co., Limited, or “iSCAT” and “iSCAT Exchange”....

US SEC Updates Investment Company Names Rule with New FAQs, Retiring Obsolete Guidelines

by Theresa Joy Lacatan | Jan 9, 2025 | Blog News, Crypto News

On 7 January 2025, the United States Securities and Exchange Commission (US SEC) published updated Frequently Asked Questions (FAQs) related to Rule 35d-1 under the United States Investment Company Act of 1940, commonly known as the “names rule.” These 2025 FAQs...

IMF Publishes Blog on How Artificial Intelligence will Affect Asia’s Economies

by Theresa Joy Lacatan | Jan 9, 2025 | AI News, Blog News

On 5 January 2025, International Mometary Fund (IMF) published a blog titled ‘How Artificial Intelligence Will Affect Asia’s Economies’, discussing the implications of artificial intelligence (AI) on labour markets across the Asia-Pacific region. The blog, based on...

Former Texas Resident Leena Jaitley Ordered to Pay Millions Following US SEC Fraud Complaint

by Theresa Joy Lacatan | Jan 8, 2025 | Blog News, Crypto News

On 7 January 2025, the United States Securities and Exchange Commission (US SEC) published the Litigation release. On 12 December 2024, the United States District Court for the Western District of Texas issued a final judgment against Leena Jaitley, a former resident...

CFTC Chairman Rostin Behnam Announces Departure After Seven Years of Leadership

by Theresa Joy Lacatan | Jan 8, 2025 | Blog News, Crypto News

On 7 January 2025, Rostin Behnam, Chairman of the United States Commodity Futures Trading Commission (US CFTC), announced his decision to step down from his role, with his final day at the Commission set for 7 February 2025. Chairman Behnam’s tenure at the US CFTC...