Latest Legal News: Finextra Research

Bitfinex hacker who stole 120,000 bitcoins gets five years in prison

The man behind a hack on Bitfinex that saw nearly 120,000 stolen from the cryptocurrency exchange has been sentenced to five years in prison.

18 November 2024

Company update/people

Clio welcomes A J Axelrod as vice president of payments and financial services

Clio, the world’s leading provider of cloud-based legal technology, is proud to announce the appointment of A.J. Axelrod as Vice President of Payments and Financial Services.

13 November 2024

Company update/regulation

Cinkciarz seeks regulatory action againt Polish banks

Since the beginning of Cinkciarz.pl's operations (2010), a company belonging to Conotoxia Holding, some banks have systematically and deliberately blocked the company's funds, holding more than 1.3 billion PLN in various currencies, such as euros, dollars and British pounds.

04 November 2024

News/wholesale

AFP: Fraud is the biggest painpoint for accounts payables automation

Kicking off the first day of AFP, the conference for finance and treasury professionals held in Nashville, Tennessee this year, Mike Watercott, CTP, working capital consultant, US Bank, led a discussion on striking the balance in payments with Andy Sullivan, vice president of channel sales, Bottomline and Cynthia MacGeagh, treasury manager, Clayton Homes.

21 October 2024

News/regulation

TD Bank fined $3bn after money laundering guilty plea

TD Bank has agreed to pay $3 billion in penalties after pleading guilty to violating US anti-money laundering federal laws.

10 October 2024

News/crypto

FTX gets green light to repay billions to customers

Customers of failed crypto exchange FTX will receive up to $16.5 billion under a bankruptcy plan approved by a US judge.

08 October 2024

News/startups

EIB announces plan to boost funding for European fintechs

The European Investment Bank (EIB) has proposed a series of measures designed to strengthen funding for fintechs and startups within Europe.

08 October 2024

News/security

Fintech Australia backs government's scam prevention plan

The industry group for Australia's startup sector, Fintech Australia, has given its support for the government's proposals to implement scam obligations for financial services firms.

08 October 2024

Company update/regulation

GLEIF approves E-Arbitrator as validation agent

The Global Legal Entity Identifier Foundation (GLEIF) today announces that E-Arbitrator (Website) has been approved as the latest Validation Agent within the Global Legal Entity Identifier (LEI) System.

08 October 2024

News/crime

Big tech and banks fall out over compensation for fraud victims

A war of words has broken out between banks and big tech firms over who should be primarily responsible for reimbursing victims of fraud.

07 October 2024

Company update/crypto

Binance secures registration in Argentina

Binance, the world's leading provider of blockchain and cryptocurrency infrastructure, announces that it has been incorporated into the Argentinian Virtual Asset Service Provider (VASP) Registry of the National Securities Commission (CNV), marking Binance’s 20th global regulatory milestone.

03 October 2024

News/security

MoneyGram 'shocked' by UK Post Office move to end relationship

US money transfer giant MoneyGram has responded to the UK Post Office's decision to terminate a long-term relationship between the two following a cyber security incident.

02 October 2024

News/crypto

Man pleads guilty to illegally operating crypto ATM network

In a UK first, a man has pleaded guilty to illegally operating a network of crypto ATMs without FCA registration.

30 September 2024

News/regulation

FCA and BoE open digital securities sandbox

The UK's two main financial regulators, the Bank of England (BoE) and the Financial Conduct Authority (FCA), have announced the opening of its Digital Securities Sandbox (DSS).

30 September 2024

News/security

Ireland to grant National Cyber Security Centre emergency powers

Proposed legislation is set to give Ireland's cybersecurity agency the power to monitor all of the country's internet traffic when there is a "pressing national security threat".

30 September 2024

News/ai

Bank of England to form AI consortium

The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.

26 September 2024

News/ai

Firms struggling to find RoI for AI projects

More than half of the companies investing in artificial intelligence (AI) projects have been unable to extract any tangible benefit, according to recently published research.

26 September 2024

News/people

Caroline Ellison gets two-year prison sentence for part in FTX fraud

Caroline Ellison, the former girlfriend of FTX co-founder Sam Bankman-Fried, has been sentenced to two years in prison for her part in the crypto exchange's collapse.

25 September 2024