Since the modernization of the FCA’s qui tam provisions in 1986, whistleblower-initiated actions have led to the recovery of over $52.7 billion, showcasing the substantial impact of these efforts on combating fraud. However, there has been criticism directed at the DOJ for not intervening in or dismissing robust whistleblower cases, as well as for not implementing the confidential reporting requirements mandated by the Anti-Money Laundering Act of 2020.

“There’s no doubt that protecting the environment for future generations is the number one most pressing challenge for individuals, businesses and governments today. Financial institutions will play a crucial role in the transition to a green economy. For banks in particular, efforts to reduce their impact on the environment and promote good governance and social responsibility are going to be more and more important in the near future.”

“For the first time, ICE’s users will have a single, integrated platform for chat and voice that matches both traders’ need for always-on, instantaneous connectivity with other traders, and firms’ desire for easy-to-access and use records that help them meet their record retention requirements.”

The dynamics surrounding crude oil are indeed fascinating, given its unique role as both a globally traded commodity and a vital energy source deeply influenced by the OPEC+ alliance’s decisions.

Advertisement

Insights are provided by leading industry experts, including Elina Pedersen, Co-CEO & CRO of Your Bourse; Andrew Saks, Chief Product Officer at TraderEvolution; Natalia Zakharova, Head of Business Development at FXOpen; Alexandros A. Patsalides, Head of Deriv Prime; and Jay Mawji, CEO of Infinox.

“There was a distinct lack of utility in the reports for investors, most likely driven by there being little, if any, meaningful comparisons or conclusions that could be drawn from the reports.  This aligned with TRAction’s experience from its work collating and preparing these reports for some of our clients.”

Advertisement

In this guest editorial Andrew Saks, Chief Product Officer, TraderEvolution Global highlights the retail brokerage industry’s shift towards quality trading platforms and intuitive apps to attract genuine traders. This approach emphasizes user experience and quality over traditional lead generation and high acquisition costs, aiming for more comprehensive trading environments.

Xsolla, a global video game commerce company, announces its next chapter of strategic growth and innovation. This transformation, building on the successful foundations laid over the past year, is tailored to leveraging the strengths of Xsolla’s founder and an expanded roster of industry professionals, guiding it through an increased global presence and product development era.

Binance’s web3 app store, Magic Square, acquired token platform TruePNL in a cash deal this week for an undisclosed sum. The deal brings TruePNL’s infrastructure (excluding branding & token) under Magic Square’s wing. Initially seeking a partnership, Magic Square opted for a full acquisition.

“His wealth of experience and strategic insights will play a crucial role in guiding our efforts to introduce groundbreaking financial products and advanced tools into the existing ATFX ecosystem. Moreover, Drew’s expertise will be instrumental in forming strategic partnerships that will drive our commitment to delivering unparalleled services that cater to the dynamic requirements of individual and institutional customers globally.”

“The opportunity to serve as Chair of the FXPA is truly an honor, and I am committed to upholding the exceptional work of a FXPA. Given the recent market fluctuations due to global tensions, inflationary pressures, shifts in monetary policy, as well as the outcome of the US election and the risk of recession, brings the potential for more FX volatility in 2024. I am dedicated to expanding the FXPA’s membership and I’m excited about collaborating with all members to echo the unified voice of the FX market.”

“International payments are a pain point across a range of industries including e-commerce, marketplaces, and online platforms” which “need to cater for complex layers of incoming and outgoing payments, to and from large volumes of businesses and individuals, and across multiple jurisdictions.”