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NEWS: US watchdog CFTC targets money laundering and insider trading

Signage is seen outside of the US Commodity Futures Trading Commission (CFTC) in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly

By Chris Prentice

THE U.S. CFTC (Commodity Futures Trading Commission) will focus on policing misconduct such as money laundering and insider trading ‌in prediction markets, the agency’s new enforcement director said.

The agency, which oversees commodities and swaps markets, will be focused on a handful of enforcement areas, also including market abuse such as spoofing and willful ​violations of laws designed to prevent money laundering, enforcement director David Miller said in his first ​public remarks since joining the agency in March.

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