JPMorgan Chase has received a $125 million penalty from the Securities and Exchange Commission (SEC), for allowing Wall Street employees to use apps including WhatsApp to get around US federal record-keeping laws.
HSBC is the second bank this week to be handed down a fine by the FCA for failings in its anti-money-laundering (AML) processes, being hit with a £63,946,800 penalty.
Source: AusPayNet
Data released today by the industry self-regulatory body Australian Payments Network (AusPayNet) shows a 9.2% rise in fraud on payment card transactions in the 12 months to 30 June 2021 (FY21) alongside an increase in online spending during COVID-19 lockdowns.
Fines for anti-money laundering (AML) failings by regulated institutions were five times higher in 2020 than 2019, totalling $2.2 billion.
Crypto exchange Bitmart has become the latest DeFi firm to fall victim to a large-sacle security breach, losing an estimated $100 million and suspending all withdrawals.
Ireland's central bank has fined Bank of ireland €24.5 million over IT deficieincies that the lender took over a decade to fix.
American banking regulators have put together a roadmap that will see them offer clarity over the next year on a host of areas relating to crypto assets.
US regulators have approved a new rule that requires banks to report any "significant" computer security incident within 36 hours of discovering it.
