News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Although there are numerous parallels between sanctions enforcement and the FCPA, which I talked about last time, there are also significant differences. Let’s look at a few of those.
Self-Contained v.
The Commodity Futures Trading Commission awarded two whistleblowers a combined amount of $2 million Monday for providing the agency with “significant information” that led to an investigation.
The award will be divided evenly between the whistleblowers because they jointly submitted the tip and award application to the CFTC.… Continue Reading
The Commodity Futures Trading Commission awarded a whistleblower $2.5 million Monday for assisting “at every step” of an investigation that led to a successful enforcement action.
The CFTC said it reduced the award because the whistleblower delayed submitting information about the wrongdoing.… Continue Reading
It is no secret that the global commodities trading sector is rife with corruption risks. We at Global Witness have been investigating this for years, and have seen enforcement efforts fall short all too often.… Continue Reading
The Whistleblower Office of the Commodity Futures Trading Commission issued an alert Thursday asking for help from whistleblowers to stop fraud and manipulation involving virtual currencies.
The CFTC pays rewards for original information that leads to a successful enforcement action with more than $1 million in penalties.… Continue Reading
The Commodity Futures Trading Commission Monday granted an “enhanced” award of $1.5 million to a whistleblower who tried to report the problem internally before contacting the CFTC.
The whistleblower provided original information that helped the agency understand a “complex scheme” and interview witnesses about it, the CFTC said.… Continue Reading
The U.S. Commodity Futures Trading Commission (CFTC) announced Monday an award of more than $2 million to an individual whistleblower for original information that led to a successful CFTC enforcement action.… Continue Reading
The Commodity Futures Trading Commission adopted rules that simplify requirements for compliance officers and harmonize the agency’s approach to compliance with the SEC.
The CFTC said Tuesday the amended rules (pdf) “clarify a CCO’s duties by providing reasonable standards and guidance on effective compliance.”… Continue Reading
At the federal level in the United States, cryptocurrencies have a lot of regulators — FinCEN, OFAC, the IRS, the Commodity Futures Trading Commission (CFTC), and the SEC among them.
These regulators characterize cryptocurrencies respectively as money, property, commodities, and a security. … Continue Reading
The Commodity Futures Trading Commission fined Cargill Inc. $10 million Monday for concealing its full mark-up on certain swaps in violation of the Commodity Exchange Act and CFTC rules.
The CFTC said the practice allowed Cargill to show more trading revenue.… Continue Reading
The U.S. Commodity Futures Trading Commission is asking for public comments about proposed amendments to the agency’s whistleblower rules.
The amendments would give the agency the power to act against employers that retaliate against whistleblower.… Continue Reading
The U.S. Commodity Futures Trading Commission (CFTC) announced an award of about $50,000 to a whistleblower for original information that led to a successful CFTC enforcement action.
The award is the fourth under the CFTC’s whistleblower program and the smallest award so far.… Continue Reading