News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
DOJ guilty plea in the Goliath Ventures $400M crypto Ponzi highlights fraud-indicator recognition, investor-loss accounting, and bank AML exposure for practitioners advising affected clients or reviewing similar structures
State vs federal jurisdiction clash over prediction markets licensing creates compliance uncertainty for firms offering or auditing event-contract platforms
OFAC adds 130+ ISIS-linked Tron wallets to the SDN list, raising immediate screening and due-diligence obligations for crypto businesses and their advisers.
Coinmetro's reorganization filing, attributed to a legacy third-party provider failure, surfaces concrete third-party dependency and operational resilience risks that EU crypto firms and their auditors must assess now.
Simultaneous £150M UK derivative lawsuit and MiCA EU exit create compounding compliance and counterparty risk signals for firms with Binance exposure
Third Circuit's Murrin decision binds Tax Court practitioners in DE/NJ/PA: a preparer's fraud alone triggers Section 6501(c)(1)'s unlimited assessment window, exposing innocent clients to decades of back-tax and interest liability
Vertical integration in prediction markets is accelerating M&A interest while simultaneously raising CFTC jurisdiction, antitrust, and state-gambling-law conflicts that compliance teams need to track.
A GBP 150 million UK class action against Binance over unregulated retail derivatives sales signals escalating litigation risk for crypto platforms and the compliance gaps that enable it
Huione Group has become the largest illicit online marketplace ever recorded, with its own unregulated stablecoin USDH designed to evade asset freezes. Accounting firms and compliance teams need to understand the transaction volumes, the USDH exposure risk, and the AML obligations this creates.
OFAC's SDN list now includes identified on-chain addresses, raising the compliance bar for every firm that touches crypto assets
TIGTA finds IRS cannot centrally track all 1,124+ federal tax information data-sharing agreements, raising governance and FTI protection concerns for tax practitioners and compliance teams
IRS disputes CP53E errors exist while AICPA collects practitioner examples of erroneous notices sent to taxpayers who owed nothing
Norway's tax authority criminally charges deduction fraud facilitators after 5,000+ targeted audits uncover NOK 1.9 billion in false claims, with crypto deductions explicitly in scope
CSSF flags hautfortpartners.com as operating without authorisation in Luxembourg, a due-diligence alert for accounting firms and CFOs vetting counterparties
Practical supervisory expectations Malta credit institutions must meet on CFT, CPF and TFS following the MFSA thematic review
The AMF Enforcement Commission sanctioned seven individuals and entities for coordinated market manipulation on Euronext Access; the Paris Court of Appeal upheld the decision against one respondent in June 2026, confirming the regulatory and appellate exposure for firms operating in French equity markets.
Coinmetro's Estonian insolvency filing shows how unresolved third-party provider failures and MiCA deadline pressure can combine to force a reorganisation, with direct lessons for accounting firms auditing EU-licensed CASPs.
ASIC's Federal Court-ordered receiver appointment over Cotton and First Mutual exposes asset-tracing and investor-fund-protection obligations for accounting firms and auditors advising clients in similar structures
ESMA's role in the 2025 CCP Global CIDS fire drill and what the published report means for clearing members, auditors, and compliance leads
Dutch prosecutors escalate action against crypto exchange Knaken from asset freeze to formal bankruptcy petition, signalling heightened EU enforcement risk for CASPs and their advisers
CSSF publicly flags alinmcol.com as an unauthorised investment services provider in Luxembourg, a due-diligence red flag for accounting firms and auditors onboarding or reviewing financial-services counterparties.
MFSA 2025 Annual Report signals tighter EU supervisory discipline: what accounting firms and auditors serving Malta-regulated entities need to know
ASIC's $10.3M penalty against Mercer Super for systemic failures in the reportable situations regime signals escalating enforcement expectations for all Australian financial services licensees
AMF sanctions Bourse Direct and its CEO for transaction reporting failures and inadequate market abuse surveillance, totalling €850,000, with direct lessons for investment services compliance programmes across the EU
