The Securities and Exchange Commission (SEC) has charged JP Morgan $18 million for obstructing clients and brokerage customers from reporting breaches of law to regulatory authorities. The payments giant has agreed to pay the penalty charge.
The US saw around 1.6 million Bank Secrecy Act (BSA) reports in 2021 tied to the exploitation of identity processes during account creation, account access, and transaction processing, indicating $212 billion in suspicious activity.
The Securities and Exchange Commission (SEC) has charged Future Fintech CEO Shanchun Huang with fraud for failing to share his ownership and transactions of Future Fintech stock shortly before he was appointed as CEO.
BitGo, the leading provider of financial services for digital assets, announces that its subsidiary in Singapore, BitGo Singapore Pte. Ltd., has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution Licence.
As part of the services offered through its mobile application, Kuwait International Bank (KIB) launched its “Update your KYC” service that enables all customer segments to update their information and personal data wherever they are, whether inside Kuwait or while traveling abroad, at any time around the clock.
ESAs consult on draft implementing technical standards specifying certain tasks of collection bodies and certain functionalities of the European Single Access Point.
