News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
Stablecoin freeze data signals a maturing enforcement infrastructure that accounting firms and auditors must factor into client risk assessments and on-chain asset verification.
CSSF publicly flags tresorwacht.com for fraudulently invoking the names of two Luxembourg-regulated entities, signalling yet another impersonation wave that compliance teams and auditors need to track in their counterparty verification workflows
FINMA revokes a Swiss fund manager's licence and blocks a portfolio manager's authorisation after uncovering undisclosed conflicts of interest and client suitability failures, confiscating over CHF 3 million in illegal commissions
The FBI's action against Huione Group, the largest illicit crypto marketplace ever recorded, signals a new baseline for AML due diligence and stablecoin transaction screening at regulated firms.
FMA Liechtenstein issues a formal dismissal notice against CI Fund Services AG, a signal for fund administrators and their auditors to revisit licence-status verification procedures
The FMA Liechtenstein has formally dismissed CI Fund Services AG, signalling active supervisory enforcement that Luxembourg-focused accounting firms and fund administrators must track for counterparty and licensing risk management.
Spain's CNMV has confirmed no grace-period extension for crypto firms not yet MiCA-compliant, raising immediate operational risk for any EU-facing business still in transition
The JaredfromSubway hack highlights the need for robust ethereum accounting and defi accounting practices to detect and report suspicious MEV activities.
The IRS has issued new guidance on AI risks under Circular 230, increasing compliance duties for tax practitioners. Crypto accounting software can help firms manage these obligations.
MAS adds Hyperliquid to Singapore's Investor Alert List, flagging it as an unlicensed entity and raising due-diligence obligations for accounting firms and CFOs with client exposure.
CSSF warning highlights need for due diligence when selecting crypto accounting software vendors.
CSSF warning highlights the need for proper due diligence and reliable crypto accounting software to vet counterparties.
The MFSA warning highlights the importance of using crypto accounting software to verify counterparty licenses and avoid unregulated entities.
The IRS filing season disparity between online and other filers highlights the need for robust crypto accounting software to ensure accurate reporting and reduce audit risk for accounting firms.
The Kraen-Powertrade lawsuit highlights the critical need for robust crypto fund accounting software to prevent misappropriation claims and ensure audit readiness.
The Coinex sanctions allegations highlight the critical need for robust crypto accounting for accountants to ensure compliance with international sanctions.
ESMA's call for unauthorised CASPs to wind down orderly as MiCA transitional period ends, highlighting compliance obligations for crypto firms and implications for accounting firms advising clients.
The Supreme Court ruling on IRS time limits for preparer fraud increases compliance risk for crypto accounting firms, making robust crypto accounting software essential for audit trails and accuracy.
OFAC sanctions highlight the need for crypto accounting software with built-in sanctions screening and compliance reporting for accounting firms servicing crypto clients.
The digital euro's parliamentary approval signals new compliance and accounting challenges for crypto firms, highlighting the need for robust crypto accounting software.
MFSA's thematic review on financial crime risks in credit institutions underscores the need for robust compliance systems, including crypto accounting software for firms handling digital assets.
MFSA guidance on terrorist financing risks reinforces the need for accurate crypto financial statements and compliance with accounting standards like FASB crypto fair value and IFRS crypto assets.
Malta's MFSA highlights the need for robust AML controls in credit institutions handling crypto, linking to accurate crypto financial statements and fair value reporting.
MFSA survey on retail crypto attitudes highlights need for accounting firms to align IFRS crypto asset reporting with investor sentiment and regulatory frameworks like DAC8 and CARF.
