Search Results for: US authorities
About £114m of cryptocurrency has been seized by UK police
June 25th, 2021
Police make UK’s biggest ever cryptocurrency seizure as they confiscate £114m. The Metropolitan Police did not say which cryptocurrencies it had taken, or when the operation took place. About £114m of cryptocurrency has been seized by UK police as ...
Global trade in 2021
January 29th, 2021
So long as the fiat-based monetary system continues with accelerated money-printing, the US trade deficit will continue to widen. This is due to the lack of a propensity among Americans to save printed dollars, now credited directly into ...
Standard Chartered Bank fined for poor AML controls
April 25th, 2019
The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed ...
VW investors seek $11bn in damages over emissions-cheating scandal
September 12th, 2018
Around 1,670 claims have been lodged against Volkswagen (VW) by its shareholders. They claim the automaker should have informed them about the diesel emissions problem before regulators did in 2015. Angry investors are seeking €9.2 billion ($10.7 billion) in ...
State or Individual?
July 20th, 2018
The most important question faced by the human race is almost never addressed in modern times: which should be the master, the state over the individual or the individual over the state? It is particularly relevant today, bearing ...
Leaked EU legal overhaul: Tech companies to share ‘e-evidence’ data with police within 10 days
March 30th, 2018
Messaging apps and other digital services will be forced to give their users’ data to law enforcement authorities within ten days of receiving requests, or six hours in emergencies, according to a leaked draft of an upcoming EU legal ...
Why free trade and open markets in financial services matter; Andrew Bailey, FCA Chief Executive
July 11th, 2017
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has released a speech by Andrew Bailey, Chief Executive of the FCA, at Reuters Newsmaker event. According the release: Note: this ...
Washington proposes $7bn fine on Credit Suisse in mortgage claims
December 21st, 2016
The US Department of Justice (DOJ) has asked Credit Suisse to pay a $5 billion-$7 billion penalty over its sale of toxic mortgage securities in the wake of the 2008 financial crisis, Reuters reported. The Swiss bank has reportedly ...
Deloitte is being sued after failing to flag up more than $200 million of money laundering
August 25th, 2016
A Dubai-based investment group is suing the Middle Eastern arm of Deloitte and Touche after the accounting firm failed to flag up money laundering at a now-defunct Lebanese bank. Lebanese Canadian Bank paid over $100 million, or £76 million, ...
KPMG has resigned as auditor of Fifa
June 15th, 2016
KPMG Switzerland has resigned as auditor of Fifa, the world football governing body which has become mired in a corruption scandal following claims that millions of pounds have been paid to its top executives as part of corrupt deals ...
