31st December 2018
The personal information of nearly 1,000 North Koreans who defected to South Korea has been leaked after unknown hackers got access to a resettlement agency’s database, the South Korean Unification Ministry said on Friday. The ministry said it discovered last week that the names, birth dates and addresses of 997… Read More
31st December 2018
The Financial Industry Regulatory Authority (FINRA) has fined Morgan Stanley Smith Barney LLC $10 million for anti-money laundering (AML) program and supervisory shortcomings, including the failure to devote sufficient resources to review potentially suspicious transactions. FINRA found that Morgan Stanley’s automated AML surveillance system did not receive critical data… Read More
28th December 2018
President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters. It would be the latest step by the Trump administration… Read More
28th December 2018
AP — Aretha Franklin’s estate has paid at least $3 million in back taxes to the IRS since her death in August, an attorney for the late Queen of Soul’s estate said Thursday. The estate is being audited by the IRS, which filed a claim this… Read More
27th December 2018
JPMorgan Chase & Co (JPM.N) will pay over $135 million to settle charges it mishandled so-called “pre-released” American Depositary Receipts (ADRS), the Securities and Exchange Commission announced on Wednesday. The regulator said the investment bank improperly provided ADRs, which are U.S. securities that represent foreign shares of foreign companies, to… Read More
27th December 2018
Iran said on Wednesday private exporters have had “no problems” selling Iranian oil, and 3 million barrels of crude could be sold soon to non-government traders, state media reported, despite U.S. sanctions targeting Tehran’s oil sales. Iran began selling crude oil to private companies for export in late October, just… Read More
24th December 2018
Latvia’s Financial and Capital Market Commission (FCMC) has penalised BlueOrange Bank around €1 246 798 in a settlement regarding the prevention of money laundering and terrorism funding. The bank reportedly had failings on issues pertaining to identifying suspicious transactions, amongst other issues. Dmitrijs Latisevs, CEO of BlueOrange… Read More
24th December 2018
Goldman Sachs Group Inc Chief Executive David Solomon on Friday defended the bank against criticism of its compliance and oversight related to dealings with the sovereign wealth fund 1MDB, according to a message sent to employees obtained by Reuters. “We believe our culture and our processes around our due diligence… Read More
24th December 2018
Police in London are urging the public to stay safe online when doing their Christmas shopping with figures showing a 24% rise in online shopping fraud during the Christmas period between 2015 and 2018. Individuals are being defrauded on popular social media websites and online auction sites, according to Auction… Read More
24th December 2018
Royal Bank of Scotland Group Plc (RBS.L) has applied for a German banking licence to help maintain access to European markets after Britain’s exit from the European Union, the Financial Times reported on Sunday. The bank has plans to replace its current Frankfurt branch with a newly licensed unit, according… Read More