SYDNEY (Reuters) – The board of Australia’s second largest bank on Friday apologized unreservedly for 23 million breaches of money laundering laws, but stood by management despite pressure from politicians to review its leadership. FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia’s […]
Finance
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The alleged scam raised an estimated $5billion throughout the world and it is believed some 70,000 people in the UK have been left out-of-pocket after signing up to OneCoin packages. Prosecutors claim he also spent some of the fraud’s proceeds on a yacht, three houses and a Ferrari sportscar. Mr Scott […]
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, United States, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – Three U.S. financial regulators on Friday issued a warning to firms with registered digital assets that they have an obligation […]
Libra is a blockchain digital currency planned to be launched next year. Facebook plans to let its nearly two billion users to pay and send digital cash using Libra, combined with a digital wallet called Calibra. The social network’s aim appears to be to use the AI to power customer service […]
FILE PHOTO: Swedbank signs are seen on the bank’s Latvian head office in Riga, Latvia, April 9, 2019. REUTERS/Ints Kalnins STOCKHOLM (Reuters) – The Swedish Financial Supervisory Authority (FSA) will publish the conclusions of its probe into alleged money laundering in the Baltics by the beginning of next year, it […]
The Silicon Valley billionaire also claimed cryptocurrency is a “far better way” to transfer value than cash. Elon Musk made the comments back in February, during a podcast interview with ARK Invest on electric vehicles and self-driving cars. Musk said: “Paper money is going away and crypto is a far […]
FILE PHOTO: The Deutsche Bank headquarters are seen in Frankfurt, Germany October 29, 2015. REUTERS/Kai Pfaffenbach/File Photo (Reuters) – U.S. federal authorities are investigating whether Deutsche Bank AG complied with laws meant to stop money laundering and other crimes, the New York Times reported on Wednesday, citing seven people it […]
Finance watchdog the Financial Conduct Authority (FCA) has issued a warning about crooks targeting people in the UK while claiming to be regulated financial companies soliciting cash for a non-existent investment. The crypto crooks say they are representatives of ICAP Crypto, a ‘clone firm’ of the legitimate, FCA-regulated ICAP – which […]