News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
CFTC wash-trading enforcement signals elevated transaction-integrity and audit risk for firms holding or trading altcoins
Bybit's civil action against DPRK/Lazarus and the asset-freeze injunction: accounting, AML, and risk-management implications for US accounting firms and CFOs
FSC Korea crypto enforcement signal: what accounting firms and CFOs with Korean digital-asset exposure must assess now
Internal controls and audit red flags when a law-enforcement insider steals seized crypto
Three concurrent US enforcement actions tied to FTX fallout and CFTC prediction-market jurisdiction expose accounting, record-keeping, and AML risks that firms and CFOs must address now.
ASIC wins permanent director disqualification after a $7M super fraud routed through crypto accounts, a case study in governance failure with clear lessons for accounting firms and CFOs
Myanmar parliament adopts anti-scam law with life sentences for crypto fraud: compliance and AML implications for accounting firms and CFOs operating in or near Southeast Asia
ASIC's $10M penalty against Binance Australia Derivatives exposes systemic wholesale-client misclassification risks that accounting firms, auditors, and CFOs servicing crypto businesses must assess now.
Thai SEC criminal complaint against Bitkub for concealing a $47M hack: disclosure obligations, incident reporting duties, and what accounting firms and CFOs with Thai exchange exposure must do now
Thailand SEC's criminal complaint against Bitkub exposes net liquid capital reporting obligations and the governance risks facing crypto exchanges ahead of any public listing
ASIC secures conviction of a former finance director who dealt with AU$181K in suspected scam proceeds through a crypto deposit firm, highlighting facilitator liability and AML control obligations for accounting firms and CFOs.
US DOJ seizes over $25M in crypto from investment and romance scam networks: AML, recordkeeping, and client-screening implications for accounting firms and CFOs
SEC pays $150K to settle Coinbase records lawsuit, signalling how regulator conduct during enforcement drives litigation risk and record-keeping obligations for crypto firms and their advisers
DOJ crypto enforcement pullback and CZ pardon: accounting and AML implications for US firms and CFOs
ASIC's AUD 1M+ penalty on NAB's WealthHub for reporting failures is a live warning for every financial services firm on the cost of deficient compliance infrastructure
UK fraud review recommends mandatory judicial training on crypto laundering and AI scams, raising compliance and evidence standards for accounting firms advising clients in dispute or investigation
A federal court's Daubert ruling validating blockchain analytics as admissible expert evidence raises the bar for forensic-grade data standards that accounting firms and CFOs must understand.
DOJ moving to drop charges against BitClub's alleged $722M mastermind raises serious questions about US crypto enforcement consistency, audit trails, and client-facing compliance obligations for accounting firms and CFOs.
FINMA's new Guidance on product use in individual portfolio management flags rising escalation cases and recurring risk patterns, with direct implications for Swiss asset managers, auditors, and CFOs tracking governance and conduct obligations.
CFTC charges North Carolina commodity pool operator with $14M crypto and futures fraud, signalling tougher scrutiny of unregistered pools mixing digital assets with traditional derivatives.
ASIC's prosecution of a Brisbane CPA and SMSF auditor for alleged misappropriation of nearly $5 million signals serious professional-conduct and fiduciary risk for accounting firms managing client funds and superannuation accounts
ASIC secures $925,000 in Federal Court penalties against RM Capital and SMSF Club for conflicted remuneration breaches, with compliance reporting orders and a pending appeal, signalling heightened oversight risk for AFS licensees and their authorised representatives.
ASIC's escalating prosecution of a former AFS licensee director signals rising regulatory risk for firms that lack defensible client records and compliant digital asset accounting systems
FINMA's enforcement action against Wendelspiess Partners AG exposes systematic conduct failures, undisclosed conflicts of interest, and suitability breaches affecting over 400 clients, with CHF 83m in assets now facing total loss.
