investigations

EC Deepens Investigation of AliExpress Compliance With Digital Services Act
EC Deepens Investigation of AliExpress Compliance With Digital Services Act
March 14, 2024  |  Regulation

The European Commission (EC) has opened formal proceedings to determine whether AliExpress breached requirements of the Digital Services Act. The probe will look at the...

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DHS, FBI Investigating Service Outage on AT&T Mobile Network
DHS, FBI Investigating Service Outage on AT&T Mobile Network
February 22, 2024  |  Mobile

Several federal agencies are working with AT&T to identify the cause of a widespread service outage that struck the company’s mobile network Thursday (Feb. 22). ...

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Raiffeisen Bank International Discloses Investigation by Austrian Financial Regulator FMA
Raiffeisen Bank International Discloses Investigation by Austrian Financial Regulator FMA
February 22, 2024  |  AML

Raiffeisen Bank International (RBI) disclosed Thursday (Feb. 22) that it is being investigated by Austria’s financial regulator, FMA, over alleged anti-money laundering (AML) failures. The bank said...

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Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
February 16, 2024  |  Security & Fraud

Federal financial regulators are reportedly investigating allegations made by two whistleblowers regarding Cash App. The whistleblowers claim that the mobile payment platform and the entities...

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Visa, Mastercard Pause BPSP Payments in India Amid Industry-Wide Investigation
Visa, Mastercard Pause BPSP Payments in India Amid Industry-Wide Investigation
February 14, 2024  |  Credit Cards

Visa and Mastercard have reportedly paused intermediated commercial card payments in India following an order by the country’s financial market regulator. The Reserve Bank of India...

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Report: Paytm Denies Claims of Foreign Exchange Rule Violations
Report: Paytm Denies Claims of Foreign Exchange Rule Violations
February 05, 2024  |  Regulation

Paytm, one of India’s leading digital payments firms, is reportedly under investigation by India’s financial crime-fighting agency for potential violations of foreign exchange rules. The...

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Court Orders Independent Bankruptcy Examiner to Investigate FTX Collapse 
Court Orders Independent Bankruptcy Examiner to Investigate FTX Collapse 
January 19, 2024  |  Legal

A federal appeals court has ordered an investigation into the collapse of bankrupt cryptocurrency exchange FTX.  The court agreed with a government watchdog’s argument that appointing...

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EU Regulators Investigate Bank and Shadow Bank Connections
EU Regulators Investigate Bank and Shadow Bank Connections
January 03, 2024  |  Banking

Regulators in Europe are reportedly probing the ties between banks and non-bank financial institutions (NBFIs). This investigation is borne out of concerns about possible contagion due to...

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Ex-Binance CEO Zhao: ‘I Made Mistakes’
Ex-Binance CEO Zhao: ‘I Made Mistakes’
November 22, 2023  |  Cryptocurrency

Binance’s outgoing CEO says resigning from the cryptocurrency exchange was the right move. After agreeing to resign Tuesday (Nov. 21) as part of an agreement with...

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