US CFTC Issues Advisory on Clearing of Options for Spot Commodity ETFs: Likely to Fall Outside US CFTC’s jurisdiction

by Theresa Joy Lacatan | Nov 19, 2024 | Blog News, Crypto News

On 15 November 2024, the United States Commodity Futures Trading Commission Division of Clearing and Risk issued an advisory clarifying its position on the clearing of options on spot commodity-based ETFs. The advisory affirms that such ETF shares are likely to be...

Asia Pacific Financial Regulators and Cloud Service Providers Conduct First Crisis Management Exercise

by Theresa Joy Lacatan | Nov 19, 2024 | Blog News, Crypto News

On 15 November 2024, the Monetary Authority of Singapore made an update on crisis management exercise, which was conducted by financial regulators from the Asia Pacific region in collaboration with leading global cloud service providers on 6 November 2024. Organised...

MAS updates on FATF High-Risk Jurisdictions as of 25 October 2024 and Urges Vigilance from Financial Institutions

by Theresa Joy Lacatan | Nov 19, 2024 | Blog News, Crypto News

On 18 November 2024, the Monetary Authority of Singapore, updated a statement on its official website, made by the Financial Action Task Force, in its October 2024 statement, in which the FATF has called attention to the Democratic People’s Republic of Korea and Iran,...

International Platform on Sustainable Finance Launches Multi-Jurisdiction Common Ground Taxonomy

by Theresa Joy Lacatan | Nov 16, 2024 | Blog News, Crypto News

On 14 November 2024, the International Platform on Sustainable Finance, in collaboration with the People’s Bank of China, the European Commission Directorate-General for Financial Stability, Financial Services and Capital Markets Union, and the Monetary Authority of...

FINMA Announces Strategic Goals for 2025-2028 to Strengthen Swiss Financial Market

by Theresa Joy Lacatan | Nov 15, 2024 | Blog News, Crypto News

On 13 November 2024, the Swiss Financial Market Supervisory Authority (FINMA) announced its strategic goals for the period from 2025 to 2028. The announcement, approved by the Swiss Federal Council, outlines FINMA’s long-term priorities and provides guidance on how it...

Latvijas Banka Expands Guidelines on Money Laundering Prevention and Sanctions Risk Management

by Theresa Joy Lacatan | Nov 15, 2024 | Blog News, Crypto News

On 7 November 2024, Latvijas Banka announced an expansion and update of its Guidelines on the Establishment of the Internal Control System for Anti-Money Laundering and Countering Terrorism and Proliferation Financing and Sanctions Risk Management, and on Customer Due...