security & fraud

NY Seizes Municipal Credit Union After Embezzlement
NY Seizes Municipal Credit Union After Embezzlement
May 19, 2019  |  Security & Fraud

New York’s Department of Financial Services seized Municipal Credit Union, New York’s oldest credit union, on Friday (May 17), saying it is facing “unsafe and...

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Regulators Investigate China’s Ex-Securities Regulator
Regulators Investigate China’s Ex-Securities Regulator
May 19, 2019  |  Security & Fraud

Liu Shiyu, the former head of China’s securities regulator, is being investigated for violating anti-corruption laws. Get the Full Story Complete the form to unlock...

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EU Fines Banks Billions For Manipulating Currency Prices
EU Fines Banks Billions For Manipulating Currency Prices
May 16, 2019  |  Regulation

The European Union has slapped Barclays, RBS, Citigroup, JPMorgan and MUFG with a €1.07bn fine over allegations that they worked together to manipulate the foreign exchange...

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Former JPMorgan Asia Executive Charged In Hiring Scandal
Former JPMorgan Asia Executive Charged In Hiring Scandal
May 16, 2019  |  Security & Fraud

A former JPMorgan Chase executive was charged in Hong Kong for bribing an executive of another firm by offering his son a job through the...

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Japan’s Uniqlo Hacked, 460K Accounts Compromised
Japan’s Uniqlo Hacked, 460K Accounts Compromised
May 14, 2019  |  Security & Fraud

Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised by hackers from...

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Facebook Could Face 20-Year Government Oversight As Part Of Settlement
Facebook Could Face 20-Year Government Oversight As Part Of Settlement
May 14, 2019  |  Facebook

Facebook could face two decades of oversight as part of an agreement with the U.S. government. Get the Full Story Complete the form to unlock...

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Denmark’s Ex-Finance Regulator Charged In Money Laundering Scandal
Denmark’s Ex-Finance Regulator Charged In Money Laundering Scandal
May 13, 2019  |  Security & Fraud

Henrik Ramlau-Hansen, the former chair of Denmark’s financial regulator and former Danske Bank finance director, has been charged by Danish economic prosecutors. Get the Full...

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US Crypto Investor Awarded $75M In Fraud Suit
US Crypto Investor Awarded $75M In Fraud Suit
May 12, 2019  |  Security & Fraud

Michael Terpin, an entrepreneur based in the U.S. and an investor in cryptocurrency, won $75.8 million in a court judgment over a scheme to defraud...

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Fitch: AML Shortcomings Impact Bank Credit Ratings
Fitch: AML Shortcomings Impact Bank Credit Ratings
May 10, 2019  |  Security & Fraud

As part of a broader look at environmental, social and governance factors on credit scores, Fitch Group Inc. noted that shortcomings in financial crimes and...

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