News

The Hong Kong regulator says the broker took HK$2.3 billion in suspicious deposits The Securities and Futures Commission (SFC) announced on Monday that it has fined Guosen Securities’ Hong Kong division 15.2 million Hong Kong dollars ($1.94 million) for violating anti-money laundering (AML) regulations. According to the SFC, Guosen processed over 10,000 third party deposits, for approximately […]

The U.S. Office of the Comptroller of the Currency (OCC) said on Friday it had reprimanded MUFG Bank, Ltd. for lapses in its anti money-laundering controls and other compliance issues at its New York, Chicago and Los Angeles branches. The Tokyo-based bank did not accept or deny the charges dating back to 2016. The bank […]

Thousands of websites are being hit by cyber-thieves who implant code to scoop up payment card numbers, research suggests. Security giant Symantec found more than 4,800 websites were being hit by these “form-jacking” attacks every month. High-profile victims of these attacks include airline BA and Ticketmaster. Online crime groups had turned to the attacks as […]

Standard Chartered is putting aside $900m (£690m) for potential fines involving investigations in Britain and the US. The money will cover separate investigations into breaches of US sanctions and foreign exchange trading issues. It also covers a £102.2m fine from the UK’s Financial Conduct Authority related to financial crime controls. The provision will be included […]

The way Facebook interacts with users is “unfair, deceptive and misleading”, according to a complaint lodged with US regulators. The Federal Trade Commission was told the company had failed to protect the privacy of those in patient health and other groups. Some users may have been exposed to “life-threatening privacy violations”, the complaint says. Facebook […]

A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.10 billion) in penalties. Shares in UBS fell 2 percent. A lawyer for UBS said the bank would appeal the ruling. The penalties, […]

The price of bitcoin has shot up by hundreds of dollars in recent days, following the surprise announcement from JP Morgan that it is launching its own JPM Coin cryptocurrency. Other leading cryptocurrencies, including ethereum and EOS, experienced significant gains, building on a major market surge earlier this month. The investment bank’s decision to launch its […]

And this weekend arrived with quite serious bulletins around the crypto industry. An Israel based crypto exchange, Coinmama suffered a massive data breach. It has been revealed that about 450000 users were affected and their emails and hashed passwords were breached. Coinmama Suffered Data Breach A quick Reddit post and twitter handle explain that the […]