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Yellen announces a global agreement with 20 countries to increase beneficial ownership disclosure
On Tuesday, US Treasury Secretary Janet Yellen launched a commitment between the US and more than 20 governments to establish a registry...
Mar 29, 20231 min read
Alibaba to divide the largest tech company in China into six units
The largest technology company in China, Alibaba Group Holding, will reorganize its expansive $257 billion empire as part of the largest...
Mar 29, 20233 min read
Ex-Binance chief compliance officer accused of helping CFTC rule violations
The Commodities Futures Trading Commission (CFTC) sued Binance and its founder with illegally running an exchange for digital assets....
Mar 28, 20232 min read
SVB deal calms broader markets, although banks are still troubled by default stress.
Large portions of Silicon Valley Bank's deposits and loans found buyers on Monday, which helped stabilize the fragile markets that had...
Mar 28, 20233 min read
Huawei is put on Belgian intelligence's watch list.
According to private documents obtained by the media and three people with knowledge of the situation, Belgium's intelligence service is...
Mar 28, 20234 min read
Fed explains Custodia Bank's exclusion from membership due to risk issues.
As part of the digital-first bank's application to join the Federal Reserve System, the Federal Reserve Board elaborated further on the...
Mar 27, 20232 min read
In an effort to cover mainland China's demand, crypto groups are expanding in Hong Kong
Companies that deal in cryptocurrencies are swarming to Hong Kong in the hopes that the city's public drive to become a hub for digital...
Mar 27, 20233 min read
32Red and Platinum Gaming are fined £7M by the UK Gambling Commission
Britain's Gambling Commission today penalised 32Red and Platinum Gaming with a €7.1M penalties for AML and other failures. The Commission...
Mar 24, 20231 min read
Due to Ireland's non-membership in EPPO, EU crime gangs may relocate their operations there
A prominent MEP has cautioned that Ireland's exclusion from the European Public Prosecutors Office leaves it open to organized crime....
Mar 24, 20232 min read
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
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