News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
ASIC's rolling Federal Court orders against a former fund director illustrate how regulators use asset freezes and travel restraints as live enforcement tools, with direct implications for how accounting firms and auditors assess going-concern risk and document AML exposure in Australian fund structures.
ASIC's criminal prosecution of BBY's former Executive Chairman for alleged client money misuse signals continued regulatory pressure on Australian financial services firms and their senior officers.
MFSA imposes €2,400 penalty on a Company Service Provider for missing the 2022 Annual Compliance Return deadline, signaling active enforcement of filing obligations in Malta.
MFSA imposes a €2,400 penalty on a company service provider for missing the 2022 Annual Compliance Return deadline, a live reminder that regulatory filing obligations carry real financial consequences
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
Simultaneous £150M UK derivative lawsuit and MiCA EU exit create compounding compliance and counterparty risk signals for firms with Binance exposure
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
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
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
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
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
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 JaredfromSubway hack highlights the need for robust ethereum accounting and defi accounting practices to detect and report suspicious MEV activities.
CSSF warning highlights the need for proper due diligence and reliable crypto accounting software to vet counterparties.
CSSF warning highlights need for due diligence when selecting crypto accounting software vendors.
The MFSA warning highlights the importance of using crypto accounting software to verify counterparty licenses and avoid unregulated entities.
The Coinex sanctions allegations highlight the critical need for robust crypto accounting for accountants to ensure compliance with international sanctions.
The Kraen-Powertrade lawsuit highlights the critical need for robust crypto fund accounting software to prevent misappropriation claims and ensure audit readiness.
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 MFSA warning about an OKX clone underscores the importance of MiCA compliance crypto requirements for firms to verify authorized entities and avoid fraud.
