The CFTC has proposed a rule that would codify informal registration exemptions that commodity pool operators and commodity trading advisors have been enjoying by virtue of a no-action letter issued in December.
CW Staff
Posted inCompliance Week
Learning from loss: Compliance lessons from the July Fourth flood
From the outside, compliance is often seen as laws, policies, prohibitions, and mandates—what has to be done or mustn’t be done. But every rule, policy, procedure, and decision has a human impact.
Posted inBest Practices
Preparing for prediction markets regulations is a safe bet
Prediction market contracts initially gained popularity as a way for people to engage in sports betting, but have evolved to mimic financial derivative products with little institutional oversight.
Posted inBest Practices
Why compliance, not technology, will decide the future of digital sovereign finance
A citizen in the Marshall Islands receives universal basic income directly to a mobile wallet via USDM1, a sovereign digital bond backed by U.S. Treasury bills. The pilot shows that digital public finance’s success hinges less on technology than on compliance.
Posted inBest Practices
Take these three actions to improve trade compliance oversight
Global trade compliance is evolving rapidly, presenting greater complexity and risk. Add geopolitical uncertainty, regional conflicts, protectionism, tariffs, and targeted enforcement, and organizations must reevaluate how they manage cross-border operations to stay competitive and compliant.
Posted inBest Practices
Before the first crypto transaction, finance needs a seat at the compliance table
When an established company considers holding crypto, the compliance questions usually come first. Is the activity permissible? Is the exchange or custodian acceptable? Have the wallets been screened? Are AML and sanctions controls adequate? Those questions can all have satisfactory answers while the transaction still produces an outcome the institution did not intend. The reason […]
Posted inFellows Meeting
Fellows Networking Meeting
ECI Fellows — please join us on Wednesday, September 23, at 1:00 p.m. ET for our Monthly Virtual Networking Meeting. Our agenda is already taking shape with cutting-edge topics to discuss. The attendance in recent months has been outstanding! As you know, far more than “meets and greets,” these Fellows-only virtual sessions are designed for our ECI […]
Posted inBest Practices
From mainframes to Agentic AI, what legacy system discipline can teach us about building trustworthy customer data platforms
For the past decade, I’ve led customer data and regulatory platforms at one of the world’s largest card issuers, following years modernizing mainframe systems at IBM. The mainframes I maintained early in my career were not sophisticated by modern standards. They earned the trust of the organizations that depended on them anyway, because every transaction […]
Posted inBest Practices
China’s “Mythos moment” is coming. Its release gate is already built.
China’s “Mythos moment” is coming. Its release gate is already built. Washington spent June 2026 governing Mythos-level models for the first time: Systems whose autonomous cyber and agentic capabilities register as national security consequences. The label borrows from Anthropic’s Mythos 5, restricted that month; the government’s attention also reached OpenAI’s GPT-5.6. No Chinese lab has […]
Posted inBest Practices
When compliance reporting creates false assurance
Boards are not short of compliance information. Most receive dashboards, heat maps, training figures, investigation data, audit findings, remediation updates, and regulatory summaries. The difficulty is deciding what all that information really says. A report can be accurate, well presented, and still leave directors with too much confidence. That happens when evidence of activity is […]
