Legal

1005 articles tagged with this keyword

/regulation

Morgan Stanley, Goldman Sachs, among banks fined $1.1 billion by SEC

16 of Wall Street’s largest financial institutions been charged to pay a combined $1.1 billion to US regulators for not monitoring unauthorised employee messaging, announced the Securities and Exchange Commission (SEC) on Tuesday.

/crypto

FTX wins $1.4bn auction for Voyager Digital assets

FTX has won the auction for the assets of bankrupt crypto lender Voyager Digital with a bid worth just over 1.42 billion.

/regulation

UK government launches fraud and money laundering crackdown

The UK government has announced plans to rolled out reforms to protect the economy from fraud and money laundering.

/regulation

Indonesian anti-trust agency investigates unfair Google app payments

Indonesian watchdog KPPU is investigating Google for breaching anti-monopoly laws and carrying out unlawful business practices on the Google Play Store.

/payments

Citi wins appeal over $500m funds transfer gaffe

A federal appeals court has overturned a decision to let creditors keep more than half a billion dollars that banking giant Citi sent to them by mistake.

/security

Starling responds to UK Govt's report on suspected BBLS fraud

UK Government has confirmed that of the £47 billion provided in loans through the Bounce Back Loan (BBL) scheme, £1.1 billion of these loans are suspected to be fraudulent.

/people

Hong Kong to introduce subsidies to attract fintechs

The Hong Kong government is set to bring in a number of financial incentives to address what has been termed as a skills shortage, especially in terms of the fintech sector.

/crime

UK orders crypto exchanges to report sanctions breaches

Crypto exchanges operating in the UK will face more reporting requirements over sanctions breaches under new rules introduced in the wake of Russia's war in Ukraine.

/payments

Walmart asks court to dismiss FTC money transfer lawsuit

Walmart has asked a federal court to dismiss a Federal Trade Commission lawsuit against the retail giant, calling it an "egregious instance of agency overreach".

/security

Block faces lawsuit over Cash App breach

Block is facing a Class Action lawsuit over a Cash App Investing data breach last year that impacted 8.2 million customers.

/crypto

Class Action lawsuit claims Coinbase failed to protect customers from fraud

The world's largest crypto exchange, Coinbase, is facing a Federal Class Action lawsuit over allegations that it failed to secure user accounts from hackers and thieves.

/crypto

Crypto-crime revenue drops by 65% - report

Revenue derived from cryptocurrency-related crime is down by 65% in the first half of 2022 compared to the corresponding period in 2021.

/regulation

FCA fines Citi £12.5m for trading oversight failings

The UK's Financial Conduct Authority (FCA) has levied a £12.5m fine against Citigroup Global Markets over past failures to police its trading activity

/regulation

Banks to pay $1bn over traders' use of WhatsApp

A handful of Wall Street banks are preparing to pay up to $200m each to settle a case with the Securities and Exchanges Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over the use of WhatsApp messages.

/regulation

UN urges curbs on crypto uptake in developing countries

The United Nation’s Conference on Trade and Development, UNCTAD, has released three policy briefs on the dangers of cryptocurrency in light of the rising use of digital assets in developing countries.

/payments

Mastercard and Visa stop processing payments for Pornhub advertising arm

Visa and Mastercard will stop processing payments for the advertising arm of Pornhub's parent company after developments in a lawsuit relating to child pornography.

/markets

UK legal taskforce probes rules underpinning securities issuance on blockchain

Legal experts in the UK have opened a public consultation on the legislative changes required to support the issuance and transfer of digital securities on blockchain and DLT systems.

/crypto

Standard Chartered-backed Zodia Market secures FCA registration

The Financial Conduct Authority (FCA) has approved crypto brokerage Zodia Market’s registration application on the UK Financial Services Register, allowing the Standard Chartered-backed business to officially launch.

/crypto

Ex-Coinbase product manager charged in crypto insider trading scheme

A former Coinbase product manager is one of three people to be charged in the first ever cryptocurrency insider trading tipping scheme.

/regulation

UK to regulate stablecoins as part of Finance bill

Fintechs and crypto asset providers have welcomed the UK government’s decision to bring stablecoins into regulatory scope as part of the recently published Financial Services and Markets Bill.