Fine Financial News

15.05 / 09:33

Blockchain SEC Platform LBC LBRY Shell Fine LBRY's $22 Million SEC Fine Reduced to $111K Due to Payment Concerns – What's Going On?

The US Securities and Exchange Commission (SEC) aims to reduce its $22 million punishment against decentralized content platform LBRY to around $111,000.

11.05 / 10:47

regulation Bitcoin Prison Fine Time Buying a car with Bitcoin gets $3.7M fine, prison time in Morocco

A crypto user who purchased a luxury car with Bitcoin (BTC) has faced a sentence of 18 months in prison and a $3.7 million fine in Morocco, which still considers the use of crypto as an illegal act.

29.04 / 13:33

Fine Republicans Effectively Voted to Raise Taxes. They’re Fine With That.

WASHINGTON—Republicans finally found a tax increase they can support.

11.04 / 15:11

Ripple coinbase Gaming Legal BitMEX Lightning Network Bitmain Fine Today in Crypto: Ripple Partners with Montenegro Central Bank, Bitmain Facing a $3.6M Fine, Head of Exchange Vishal Gupta Leaving Coinbase

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

30.03 / 18:05

Platform Fine Fed, Treasury Fine Wells Fargo for Sanctions Violations

The Federal Reserve and the Treasury Department are fining Wells Fargo & Co. $97.8 million for violating U.S. sanctions by allowing a foreign bank to make prohibited transactions on one of the bank’s platforms.

18.02 / 14:29

cryptocurrency SEC NBA Fine NBA star to pay $1.4 million-fine for 'misleading' crypto promotion

Former Boston Celtics star Paul Pierce was ordered to pay more than $1.4 million in penalties after being charged with making false and misleading statements about crypto securities he was paid to promote, US regulators said Friday.

13.02 / 19:22

Binance CEO coinbase Coindesk Fine Coinbase to Pay $50 Million Fine to New York Regulators

Coinbase Global Inc., a U.S. cryptocurrency exchange, settled with New York state regulators for $100 million after an investigation into the exchange's compliance with requirements to prevent money laundering.

10.02 / 03:51

Fine Fine art makes its capital markets debut

A gallery isn’t the only place to invest in art anymore.

04.01 / 19:01

Provident Platform Action coinbase Fine New York regulator hits Coinbase with $50m fine

The DFS investigation found that Coinbase's Know Your Customer/Customer Due Diligence, Transaction Monitoring System, suspicious activity reporting, and sanctions compliance systems were all inadequate for a financial services provider of its size and complexity. This, says the regulator, left the company's platform vulnerable to serious criminal conduct, including, fraud, possible money laundering, suspected child sexual abuse material-related activity, and potential narcotics trafficking.Early last year, the DFS took the "extraordinary step" of installing an independent monitor.

09.12 / 11:27

Santander Anti-money laundering Fine Santander hit with £108m fine for anti-money laundering failures

The UK's Financial Conduct Authority on 9 December said that it has fined Banco Santander's British arm £107.7m ($131.4m) for anti-money-laundering failures.

03.12 / 00:57

Blockchain Technology Art Tech Fine Mind Never mind FTX — Fine arts institutions should still onboard to blockchain

The reality is that blockchain technology can still deliver substantial benefits, particularly within the fine arts. And for those who have been paying attention, 2022 has been a year of incredible normalization for nonfungible tokens (NFTs). Simply put, major institutions across various sectors have dipped their toes into Web3.

30.11 / 14:49

Fine Julius Baer hit with £18m fine over Russia dealings

UK regulators fined Swiss private bank Julius Baer more than £18m for improper dealings with Russian companies dating back more than a decade.

07.11 / 11:37

Fine Deutsche Bank faces potential fine over dirty money controls

Germany’s top financial watchdog threatened to fine Deutsche Bank if it doesn’t implement controls against money laundering by a set deadline, suggesting the regulator isn’t satisfied with the bank’s efforts to police dirty-money flows.

21.10 / 13:51

Action Fine FCA looks to fine Barclays £50m over Qatari capital raisings

The Financial Conduct Authority is seeking a £50m fine against Barclays over alleged disclosure failings around crisis-era capital raising deals with Qatari firms.

17.10 / 17:51

penalty Fine Hedge fund ARCM hit with fine in Asia two years after Premier Oil short penalty

Hong Kong’s Securities and Futures Commission fined Asia Research and Capital Management $1.75m for failing to comply with European Union’s short-selling reporting requirements.

10.10 / 14:57

UPS Woodford Fine Talks between Woodford administrator and FCA extended over potential £50m fine

Link Fund Solutions, the administrator responsible for the oversight of Neil Woodford’s former flagship investment fund, has been given longer to respond to a draft warning notice from the UK regulator regarding a potential £50m fine for oversight failures.

04.10 / 05:47

Twitter SEC security Fine How Crypto Twitter reacted to Kim Kardashian’s $1.26M SEC fine

The crypto community reacted with a mix of disbelief and amusement after reality star Kim Kardashian was fined for promoting the cryptocurrency EthereumMax (EMAX).

21.09 / 11:57

Woodford Fine FCA warns Link it faces £50m fine over Woodford fund collapse

The Financial Conduct Authority warned the administrators responsible for overseeing Neil Woodford's now defunct flagship investment fund that it could face a £50m fine as part of enforcement action.

19.09 / 11:03

business cryptocurrency Art Fine NFT 'fractionalism' will make fine art popular among millennials, say experts

Fractional non-fungible tokens (NFTs), which have the crypto community all agog, have the potential to make fine art popular among youngsters.

12.09 / 23:35

Woodford Fine Woodford fund administrator Link faces £306m FCA fine

The Financial Conduct Authority said it could fine Link Fund Solutions £306m for failing to properly manage liquidity in the now defunct flagship fund overseen by Neil Woodford.

09.08 / 11:39

Social Media inflation Fine Russian journalist who held TV protest over Ukraine war given new fine

The Russian journalist who famously protested against the invasion of Ukraine live on television has been handed another fine.

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