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The Fed hits Evolve bank with order over fintech troubles
Fortune via AOL· 13 hours agoThe U.S. central bank has issued an enforcement action against Evolve Bank & Trust for failing to...
24 Crypto Firms Collaborate to Establish Self-Regulatory Standards in Taiwan
Cryptonews· 1 day agoA consortium of 24 cryptocurrency companies has come together to form the Taiwan Virtual Asset...
Fed penalizes Evolve Bank for failing to manage fintech partnership risk
Reuters via Yahoo Finance· 17 hours agoThe Federal Reserve announced Friday it had ordered Evolve Bancorp Inc to bolster its risk...
Should Banks Be Crime Fighters? The Hidden (and Not So Hidden) Costs
CoinDesk via Yahoo Finance· 3 days agoPointlessly onerous anti-money laundering rules lead to debanking of individuals and even entire...
Cathie Wood Says Software Is the Next Big AI Opportunity -- 2 Super Stocks You'll Regret Not Buying...
Motley Fool via Yahoo Finance· 4 days agoThe chip industry has created trillions of dollars in value from artificial intelligence (AI)...
SEC and FinCEN Propose Customer Identification Program Requirements for Investment Advisers | JD...
JD Supra· 2 days agoOn May 13, 2024, the SEC and FinCEN jointly proposed a new rule under the Bank Secrecy Act (BSA) that would impose new customer identification program (CIP) requirements on registered investment ...
Singapore Banks Probe Rich Clients After Laundering Case
Bloomberg via Yahoo Finance· 5 days ago(Bloomberg) -- Citigroup Inc., DBS Group Holdings Ltd. and other banks caught up in Singapore’s...
SkyCity Adelaide Slapped with a $67 Million Fine for Money Laundering Breaches
Inside Bitcoins· 7 days agoThe Federal Court of Australia has handed down a significant judgment against SkyCity Adelaide,...
Financial Services Roundup: Market Talk
The Wall Street Journal· 1 day ago(luis.garcia@wsj.com; @lhvgarcia) 1420 ET – Morningstar DBRS has grown increasingly concerned that deficiencies in Toronto-Dominion Bank’s anti-money <...
How Crypto’s Richest Billionaire Doubled His Net Worth Behind Bars
Forbes· 1 day agoPrison has been good to Binance founder Changpeng Zhao. Already the richest person to go behind bars...