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In a testimony before Congress, TikTok's CEO will boast data security initiatives.
The testimony of Chief Executive Shou Zi Chew before the House Committee on Energy and Commerce on Thursday may determine the future of...
Mar 23, 20232 min read
US bondholders plan to sue Switzerland for $17 billion Credit Suisse's loss
As part of the bank's shotgun marriage with UBS, the Swiss government decided to write down $17 billion in Credit Suisse bonds....
Mar 23, 20233 min read
EU's top prosecutor requests the creation of a specialized fincrime investigating team
Laura Kovesi, the top prosecutor in Europe, has proposed the formation of a select group of highly qualified financial crime and fraud...
Mar 22, 20231 min read
Yellen claims that regulators may cover the deposits of other failing banks.
Treasury Secretary Janet Yellen stated on Tuesday that federal regulators are willing to provide mid-sized banks struggling to deal with...
Mar 22, 20232 min read
With UBS's acquisition of Credit Suisse, thousands of jobs are at stake.
Tens of thousands of jobs are anticipated to be lost as a result of UBS's rescue of Credit Suisse, and the tumultuous takeover is already...
Mar 21, 20232 min read
Amgen lawsuit and Amazon hearing
More facts of the European Commission's state assistance investigation against Amazon have emerged, while Amgen is being sued by a...
Mar 20, 20233 min read
Dubai and Gibraltar added to the EU's list of high risk third countries
The list of high risk third countries that the EU has designated now includes Dubai and Gibraltar. The official designations were...
Mar 20, 20231 min read
After a $17 billion writedown on Credit Suisse bonds, Asian bank debt and equities decline.
Following the wipeout of $17 billion in Credit Suisse bonds in a takeover by UBS on Monday, which raised concerns about comparable debt...
Mar 20, 20232 min read
Ex-Wells Fargo executive fined $17M for participation in fraud involving fake accounts
The Office of the Comptroller of the Currency (OCC) imposed a $17 million fine on the former head of Wells Fargo's community bank for her...
Mar 17, 20232 min read
ChipMixer laundromat was used by North Korean hackers and Russian military intelligence
North Korean hackers and Russian military agents were linked to the cryptocurrency "laundromat" taken down this week by US and European...
Mar 17, 20234 min read
Four CySEC-licensed entities used SVB and Signature Bank for banking.
According to statements made by the commission on Wednesday, Silicon Valley Bank (SVB) and Signature Bank, two American banks that...
Mar 16, 20235 min read
Swiss Central bank to lend $54 billion to Credit Suisse to increase liquidity
When the lender's stock hit a new low on Thursday, Credit Suisse said that it would borrow up to $54 billion from the Swiss central bank...
Mar 16, 20232 min read
FATF supports more PPPs and swifter responses to ransomware attacks to tackle money laundering
FATF member countries have been urged to respond to ransomware attacks more quickly and to form stronger international partnerships in...
Mar 15, 20233 min read
NatWest restricts cryptocurrency transactionsdue to scam concerns.
In an effort to shield customers from "crypto-criminals," Britain's NatWest has put new restrictions on the daily and monthly amounts...
Mar 15, 20231 min read
Which businesses are impacted by the collapse of SVB?
SVB Financial Group (SIVB.O), a startup-focused lender, this week became the biggest bank to fail since the 2008 financial crisis,...
Mar 14, 20235 min read
Corsa Coal's FCPA case will not be prosecuted by the DOJ
Since introducing new guidelines on the benefits of voluntary self-disclosure to the agency, the Department of Justice (DOJ) has released...
Mar 14, 20232 min read
FATF publishes "tougher" beneficial ownership criteria to tighten shell company dirty money carousel
FATF issued "tougher" worldwide beneficial ownership guidelines today to aid countries and financial institutions in preventing shell...
Mar 13, 20232 min read
US authorities protect Silicon Valley Bank deposits and support the financial system.
US regulators stated that Silicon Valley Bank depositors would be compensated in full as they sought to stabilize the banking system in...
Mar 13, 20234 min read
In a new round of US Sanctions, OFAC targets Iran's "Shadow Banking" system.
On Thursday, the United States Government blacklisted entities in China and other countries for allegedly transferring billions of...
Mar 10, 20232 min read
The United Kingdom's push for GDPR reprimand transparency is met with mixed reviews
The UK's data protection authority has begun disclosing the cases of firms that violated the General Data Protection Regulation (GDPR)...
Mar 10, 20233 min read
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