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Binance has suspended an employee from its Wallet team for allegedly engaging in insider trading by purchasing tokens before their Token Generation Event and profiting from their sale. The company stated that the insider information was obtained during the employee's previous role at BNB Chain, constituting a breach of policy. Binance is also rewarding four whistleblowers with $100,000 for reporting the misconduct.
The Central Bank of the United Arab Emirates has fined five banks and two insurance companies a total of Dh2.62 million for failing to comply with the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA). These penalties address issues in due diligence and financial reporting accuracy, as the institutions did not rectify compliance deficiencies despite being given ample time. The CBUAE remains vigilant in enforcing compliance to ensure the integrity of the financial system.
Feds and Frank's founder, Charlie Javice, are currently in trial regarding JPMorgan's $175 million acquisition of the fintech company. The case centers on allegations related to the sale and the accuracy of information provided during the transaction.
An oligarch's charity is seeking documents from Barclays as part of a dispute over a $50 million transfer. The legal battle highlights the complexities surrounding financial transactions involving high-profile individuals and their philanthropic efforts.
A corruption investigation has revealed that Huawei's lobbyists allegedly funneled tens of thousands of euros to members of the European Parliament in exchange for political support. Key suspect Valerio Ottati is accused of orchestrating the scheme, which involved bribing up to 15 MEPs to sign a letter against excluding Huawei from 5G networks. Following police raids, Huawei representatives are now barred from the European Parliament, and its membership in the industry group Digital Europe has been suspended.
US authorities are working to return $7 million to victims of a social engineering scam that deceived individuals into investing in fake cryptocurrency platforms. The fraudsters gained victims' trust before directing them to counterfeit websites, where deposits were funneled through over 75 bank accounts linked to shell companies and subsequently sent abroad.
Law enforcement in Mozambique has shot hundreds of civilians, exacerbating poverty and crime, while critical issues like the Cabo Delgado war, hurricanes, deforestation, and a failing health and education system remain overlooked. The Ematum loan scandal, involving bribes and illegal loans totaling $2.007 billion, has plunged two million people into poverty, with the repercussions still unfolding as the country struggles to recover. Recent fines against Credit Suisse executives highlight ongoing legal investigations into this major financial scandal.
Credit Suisse faced over 22 billion francs in losses due to inadequate internal controls and compliance failures, leading to high-profile scandals involving money laundering and dubious partnerships. Despite numerous warnings and investigations, the bank's leadership failed to implement necessary reforms, resulting in severe reputational damage and regulatory scrutiny from FINMA. The culture of negligence persisted, with key executives, including Lara Warner, held accountable for their roles in these failures.
Caitlin Long warns that the cryptocurrency industry in the U.S. will continue to face debanking challenges until January 2026, despite recent positive legislative developments. The collapse of crypto-friendly banks in early 2023 has led to allegations of Operation Chokepoint 2.0, a government initiative aimed at pressuring banks to sever ties with crypto firms.
Around 700 offshore online gaming entities are currently under investigation by the DGGI, in collaboration with MeitY. So far, 357 websites have been blocked, and the Centre has ordered the blocking of 1,298 online gambling websites and apps from 2022 to 2024.
Anti-Money Laundering (AML) Regulations
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Binance suspends employee for insider trading amid ongoing investigation
08:00 25.03.2025
UAE central bank fines financial firms for tax reporting violations
07:33 25.03.2025
feds and javice face trial over jpmorgan's 175 million frank acquisition
02:56 25.03.2025
Oligarch's charity demands Barclays documents in $50 million transfer dispute
18:21 24.03.2025
huawei bribery scheme exposed in european parliament investigation
18:00 24.03.2025
us authorities to return seven million dollars to crypto scam victims
05:41 24.03.2025
Mozambique faces deepening crisis amid corruption scandal and civil unrest
South African Rand
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ZAF
USA
MOZ
GBR
Jean Boustani
Daniel Chapo
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09:00 23.03.2025
credit suisse faces 22 billion loss amid widespread compliance failures
Swiss Franc
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CHE
Romeo Cerutti
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06:59 23.03.2025
crypto debanking issues persist until 2026 despite positive legislation
11:03 22.03.2025
offshore online gaming entities face scrutiny ahead of IPL season
07:34 22.03.2025
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