HIGHLIGHTS 35/40

Nov 29, 20222 min read

Iran sanctions screening oversights result in Kraken paying $362,000

According to the Office of Foreign Assets Control of the Treasury Department, Kraken, a virtual currency exchange, will pay a fine of...

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BlockFi, a cryptocurrency lender, declares bankruptcy in New Jersey

Flexi Group

Nov 29, 20222 min read

BlockFi, a cryptocurrency lender, declares bankruptcy in New Jersey

BlockFi, a major cryptocurrency lender, and eight of its affiliates have filed for Chapter 11 bankruptcy protection, the company...

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Meta received a $274M GDPR penalties for a data scraping violation.

Flexi Group

Nov 29, 20222 min read

Meta received a $274M GDPR penalties for a data scraping violation.

After a leak exposed the personal information of more than half a billion people, Meta Platforms was penalized 265 million euros ($274...

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The DGOJ of Spain has reported total online gambling fines of €84M

Flexi Group

Nov 28, 20222 min read

The DGOJ of Spain has reported total online gambling fines of €84M

The Spanish Ministry of Consumer Affairs has issued a warning about the need for improved monitoring techniques in the online gambling...

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British banking and fintech AML leaders assemble at FCIN meeting

Flexi Group

Nov 28, 20221 min read

British banking and fintech AML leaders assemble at FCIN meeting

Leaders in anti-financial crime and anti-money laundering (AML) from UK banking and law enforcement met this week at the "FinCrime...

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Genesis, a crypto lender, is being investigated by authorities

Flexi Group

Nov 28, 20221 min read

Genesis, a crypto lender, is being investigated by authorities

According to a statement from the director of the Alabama Securities Commission, state securities officials are looking into Genesis...

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Binance will contribute $1 billion to a cryptocurrency recovery programme

Flexi Group

Nov 25, 20221 min read

Binance will contribute $1 billion to a cryptocurrency recovery programme

Binance, a cryptocurrency exchange, announced on Thursday that it will invest $1 billion to form an industry recovery initiative (IRI) to...

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Public CbCR law in Romania provides limited lead time for planning

Flexi Group

Nov 24, 20224 min read

Public CbCR law in Romania provides limited lead time for planning

Despite the short notice, businesses like Valentino and EveryMatrix claim that early adoption of EU public CbCR rules could increase...

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According to Paraguayan Gaming Operators, Money Laundering is Caused by Regulations

Flexi Group

Nov 24, 20222 min read

According to Paraguayan Gaming Operators, Money Laundering is Caused by Regulations

The operators of gaming establishments in Paraguay declare they would do whatever to avoid money laundering. They claim, however, that...

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Singapore Commences Fraud Investigation Into Hodlnaut Cryptocurrency Exchange

Flexi Group

Nov 24, 20221 min read

Singapore Commences Fraud Investigation Into Hodlnaut Cryptocurrency Exchange

The authorities are investigating claims of deception and fraud by the corporation and its directors. According to various reports,...

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Cyprus can benefit from previous mining activity

Flexi Group

Nov 24, 20222 min read

Cyprus can benefit from previous mining activity

Demetrios Constantinides, a board member of the Cypriot mining business Venus Minerals and an economic geologist, stated earlier this...

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Privacy advocate sues Meta on alleged GDPR violations with regard to targeted ads

Flexi Group

Nov 23, 20222 min read

Privacy advocate sues Meta on alleged GDPR violations with regard to targeted ads

In the UK, a privacy and human rights activist filed a lawsuit against Meta Platforms, alleging that the social media giant is ignoring...

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CySEC warns investors about impersonation of personnel and phoney websites

Flexi Group

Nov 23, 20222 min read

CySEC warns investors about impersonation of personnel and phoney websites

The Cyprus Securities and Exchange Commission ("CySEC") has issued a warning to investors regarding impersonation of its officers and...

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$300,000 in client funds compromised by DraftKings hack

Flexi Group

Nov 23, 20222 min read

$300,000 in client funds compromised by DraftKings hack

Paul Liberman, co-founder and president of global technology and product for DraftKings, has confirmed in a statement that a large-scale...

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Greece projects a 1.8% growth rate in the budget for 2023

Flexi Group

Nov 22, 20222 min read

Greece projects a 1.8% growth rate in the budget for 2023

Greece presented its 2023 budget to Parliament, which estimates for growth to slow to 1.8% from an anticipated 5.6% this year. The budget...

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Discord was fined $830k for GDPR infractions

Flexi Group

Nov 22, 20222 min read

Discord was fined $830k for GDPR infractions

The French data protection authorities fined Discord 800,000 euros (about $829,000) for several violations of the General Data Protection...

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Prison term of more than 11 years forElizabeth Holmes of Theranos

Flexi Group

Nov 21, 20222 min read

Prison term of more than 11 years forElizabeth Holmes of Theranos

Elizabeth Holmes was given a prison term of more than 11 years. Elizabeth Holmes, the founder of Theranos, was found guilty of fraud...

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UK authorities believe that professional enablers still funnel Russian illicit money

Flexi Group

Nov 21, 20222 min read

UK authorities believe that professional enablers still funnel Russian illicit money

The head of the National Crime Agency (NCA) stated that professional enablers, such as lawyers, accountants, and real estate agents,...

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FINRA will review broker-dealer crypto communications

Flexi Group

Nov 21, 20222 min read

FINRA will review broker-dealer crypto communications

The Financial Industry Regulatory Authority (FINRA) announced an inspection sweep of broker-dealers' and their affiliates' retail...

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KSA: Investigation on illegal affiliate sites targeting self-excluded players

Flexi Group

Nov 18, 20222 min read

KSA: Investigation on illegal affiliate sites targeting self-excluded players

According to a report from the Dutch Gambling Authority (KSA), affiliate marketing websites that prey on vulnerable customers are subject...

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