REGISTER

email 14 48

US authorities have arrested two people and seized $3.6 billion wort of bitcoin in relation to the 2016 hack of cryptocurrency exchange Bitfinex.

The Senate Judiciary Committee voted 16-6 this week to advance a major tech competition bill, says CNBC.Heralded by some as legislators’ best chance to meaningfully reform laws around Big Tech, the American Innovation and Choice Online Act would have a considerable impact on firms such as Amazon, Apple, Google - as well as Meta and TikTok.

The UK's Prudential Regulation Authority (PRA) is looking at ways to access more data from Amazon Web Services, Microsoft Azure and Google Cloud amid concern about how important the three have become to the financial services sector, according to the Financial Times.

Source: Bank of England

The Prudential Regulation Authority (PRA) has imposed a financial penalty on Metro Bank plc (Metro Bank) of £5,376,000 for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position and for failings in its regulatory reporting governance, controls and investment with respect to its Common Reporting (COREP) returns sent to the PRA between 13 May 2016 to 23 January 2019.

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.

Fines for anti-money laundering (AML) failings by regulated institutions were five times higher in 2020 than 2019, totalling $2.2 billion.

Ireland's central bank has fined Bank of ireland €24.5 million over IT deficieincies that the lender took over a decade to fix.

MetricStream TPRM

CyberBanner

CyberBanner

CyberBanner

CyberBanner

CyberBanner

Log in

Please Login to download this file

Username *
Password *
Remember Me

CyberBanner

CyberBanner

CyberBanner

CyberBanner

CyberBanner

CyberBanner

CyberBanner

CyberBanner

CyberBanner

MetricStream TPRM

CyberBanner

CyberBanner

Go to top