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FCPA Blog Daily News

Entries in Commodity Futures Trading Commission (7)


CFTC awards whistleblower $30 million

The U.S. Commodity Futures Trading Commission announced an award of $30 million to a whistleblower Thursday, the biggest award ever under the CFTC's whistleblower program.

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Samantha Ezgar: Public officials should be required to disclose their cryptocurrency 

Disclosure rules for cryptocurrencies like Bitcoin are seriously lagging at the state and federal level. Without a standardized ethics framework to monitor public officials’ cryptocurrency transactions, potential conflicts of interest and even bribery can arise and remain undetected.

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CFTC fines Russia bank $5 million for $36 billion of phony ruble-dollar trades

The U.S. Commodity Futures Trading Commission fined a Russia bank $6 million Monday for executing "fictitious and noncompetitive" Russian Ruble - U.S. dollar futures contracts on the Chicago Mercantile Exchange.

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Deutsche Bank charged after disaster recovery platform causes IT disaster

The Commodity Futures Trading Commission (CFTC) filed a civil complaint Thursday in federal district court in New York City charging Deutsche Bank AG with failing to report any swap data for multiple asset classes for five days in April when a software update went wrong and crashed the system.

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Five banks fined $3.3 billion for forex manipulation

Regulators in the United States, Britain, and Switzerland penalized five banks $3.3 billion for rigging foreign-exchange benchmarks.

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The much misunderstood Miscellaneous Receipts Act (Part 2)

Image courtesy of the U.S. governmentWe explained in the prior post that the MRA is a seemingly absolute bar to using settlement money to fund community programs (or anything else, for that matter). After all, the statute is unequivocal: any government official “receiving money for the Government from any source shall deposit that money with the Treasury.”  31 U.S.  § 3302(b).

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U.S. to Deutsche Bank: Fix reporting and risk controls

Deutsche Bank in Frankfurt, Germany, courtesy of WikipediaU.S. banking regulators have ordered Deutsche Bank AG to improve its compliance systems and risk controls, the Wall Street Journal reported on Thursday.

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