In today’s edition of Daily Compliance News:
Tag: crypto
In today’s edition of Daily Compliance News:
- Crypto can’t find lawyers. (WSJ)
- How oligarch yacht hunting has energized fight against financial corruption. (Forbes)
- FB fighting UK order to sell Giphy. (Reuters)
- What is FirstEnergy hiding? (Highland County Press)
In today’s edition of Daily Compliance News:
- Musk backs down from Twitter Board. (Reuters)
- In-person RIMS returns. (WSJ)
- Crypto usage is higher in corrupt countries. (Finbold)
- Zuma trial postponed yet again. (Al Jazeera)
In today’s edition of Daily Compliance News:
- Don’t piss off a MDL judge. (Reuters)
- Crypt wants stable regs. (WSJ)
- Glass Lewis says no to Goldman CEO pay. (NYT)
- Argentinian ambassador to Israel resigns after corruption conviction. (TimesofIsrael)
In today’s edition of Daily Compliance News:
- Ex-Nissan exec given suspended sentence in Japan. (NYT)
- CA companies perverting Federal Arbitration Act. (Reuters)
- Is crypto complying with sanctions. (WaPo)
- DOJ accuses Ericsson of violating DPA. (The Guardian)
Malcolm Wright is the founder of InnoFi Advisory. As a former Chief Compliance Officer at a large cryptocurrency exchange, Malcolm now advises companies on ensuring responsible innovation in digital finance. All companies, and their compliance officers, need to be familiar with cryptocurrencies and the trend towards decentralized finance. Malcolm describes how current compliance concepts such as “Compliance by Design” and “Know Your Customer (KYC)” are still applicable in the crypto space and gives practical advice to legal and compliance professionals on how to navigate in the crypto future.
The year 2021 brought with it an explosion of different non-fungible tokens (NFTs) used for funding projects of all shapes and sizes, which often happens in decentralized finance where the whole ecosystem is run by smart contracts – automated contracts driven by code. Having an NFT is basically a digital certificate of provenance. The emergence of these NFTs and their uses has heralded the creator economy, and will revolutionize the way culture, finance, and our societies work.
For the last few years in crypto, there has been significant focus on centralized exchanges and custodians, but recently focus has shifted towards other areas of risk. At InnoFi, they consider how risks can present themselves not only from an anti-money-laundering perspective, but also a consumer protection perspective.
Resources
Malcolm Wright on LinkedIn
To learn more, and contact Vincent Walden, please visit Alvarez and Marsal
