10th October 2018
U.S. authorities are investigating whether Standard Chartered (STAN.L) breached Iran-related compliance rules as recently as 2013, a year after it settled with them over earlier allegations of breaches and pledged to improve internal controls. Standard Chartered’s chief executive Bill Winters said in a memo to senior staff addressing recent media… Read More
10th October 2018
Regulators are set to exercise their new powers by handing out fines and even temporary bans on companies that breach a new EU privacy law, with the first round of sanctions expected by the end of the year, the bloc’s privacy chief said. The European Union General Data Protection Regulation… Read More
10th October 2018
AP — Google is shutting down its long-shunned Plus social network for consumers, following its disclosure of a flaw discovered in March that could have exposed some personal information of up to 500,000 people. The announcement came in a Monday blog post , which marked Google’s… Read More
5th October 2018
AP — North Korea’s nuclear and missile tests have stopped, but its hacking operations to gather intelligence and raise funds for the sanction-strapped government in Pyongyang may be gathering steam. U.S. security firm FireEye raised the alarm Wednesday over a North Korean group that it says… Read More
3rd October 2018
AP — The New York Times reported Tuesday that President Donald Trump received at least $413 million from his father over the decades, much of that through dubious tax dodges, including outright fraud. The 15,000-word Times report contradicts Trump’s portrayal of himself as a self-made billionaire… Read More
2nd October 2018
Bosnia’s central bank has upgraded its registry of company accounts, aiming to improve payment systems and prevent illegal operations, such as tax evasion and money laundering, the bank said in a statement. The new registry will now list all accounts of business entities that make payments through accounts opened with… Read More
2nd October 2018
AmerisourceBergen Corp, one of the largest U.S. drug wholesalers, will pay $625 million to resolve civil fraud charges over the sale of syringes containing drugs for cancer patients, double billing, and providing kickbacks to doctors. The settlement announced on Monday by the U.S. Department of Justice boosts AmerisourceBergen’s total payout… Read More
1st October 2018
New EU-wide legislation on electronic identification (eIDAS Regulation) came into effect over the weekend – on 29 Septement 2018 – enabling cross-border recognition of electronic IDs (eID) through which EU citizens and firms will be able to access banking and other services even if they are from a different Member… Read More
28th September 2018
A London-based man who set up his home as a forgery factory and supplied orders for fake identity documents has been jailed for five years. Sergiy Mykhaylov, who is a Ukrainian national, set up computers and printers capable of producing tens of thousands of documents in his Stratford home. His… Read More
27th September 2018
India’s Supreme Court on Wednesday upheld the validity of a controversial biometric identity system, but flagged privacy concerns and reined in a government push to make it mandatory for everything from banking to telecom services. The ruling was cheered by critics of the system, known as Aadhaar, which has already… Read More