Fine

US Banking Regulator FDIC Hits Bank With $20,448,000 Penalty – About a Quarter of the Lender’s Total Assets

January 18, 2025 The Daily Hodl

bank

The Federal Deposit Insurance Corporation (FDIC) is penalizing a Weir, Kansas-based bank with a monetary fine equal to over a quarter of the lender’s total assets. The US banking regulator says it has determined that CBW Bank failed to maintain an “adequate Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) compliance program” and is consequently imposing […]

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BTC’s ‘reasonable’ $180K target, NFTs plunge in 2024, and more: Hodler’s Digest Jan 12 – 18

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

January 18, 2025 The Daily Hodl

crypto

The U.S. Securities and Exchange Commission (SEC) is hitting venture capitalist firm Digital Currency Group (DCG) and a former executive of Genesis with a multimillion-dollar fine, claiming they misled investors. The regulatory agency says it’s slapping DCG and Soichiro “Michael” Moro – the former chief executive of crypto lending firm Genesis, a subsidiary of DCG […]

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BTC’s ‘reasonable’ $180K target, NFTs plunge in 2024, and more: Hodler’s Digest Jan 12 – 18

JPMorgan Chase Spends $2,140,000,000 Battling Bank Lawsuits and Federal Agencies in Two Years: Report

January 18, 2025 The Daily Hodl

bank

New filings from JPMorgan Chase reveal how much money the biggest bank in the US is spending on legal battles. The bank’s new 8-K filings with the U.S. Securities and Exchange Commission show the firm spent $2.14 billion on legal expenses in the last two years. That breaks down to $1.4 billion for the full […]

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BTC’s ‘reasonable’ $180K target, NFTs plunge in 2024, and more: Hodler’s Digest Jan 12 – 18

JPMorgan Chase Paying $1,790,000 Penalty for Overcharging Clients in Singapore, Failing to Stop Employee Misconduct

December 2, 2024 The Daily Hodl

bank

JPMorgan Chase is paying a $1.79 million penalty for overcharging a group of clients in Singapore. The Monetary Authority of Singapore (MAS) says the banking giant has admitted it’s liable for failing to discover and stop misconduct by its relationship managers. The agency says the managers provided incorrect information to clients while executing 24 over-the-counter […]

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BTC’s ‘reasonable’ $180K target, NFTs plunge in 2024, and more: Hodler’s Digest Jan 12 – 18

JPMorgan Chase Pays $40,000,000,000 in Fines and Settlements As US Bank Battles Hundreds of Ongoing Legal Challenges: Report

November 23, 2024 The Daily Hodl

bank

JPMorgan Chase has now paid more than $40 billion in total fines and settlements to regulators, enforcement agencies and lawsuits related to anti-competitive practices, securities abuses and other violations. That’s according to new numbers from the public Violation Tracker, a corporate misconduct database that tracks cases from the year 2000 until now. In the last […]

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BTC’s ‘reasonable’ $180K target, NFTs plunge in 2024, and more: Hodler’s Digest Jan 12 – 18

Google Hit With Staggering $20,000,000,000,000,000,000,000,000,000,000,000 Fine After Blocking Russian TV on YouTube: Report

October 30, 2024 The Daily Hodl

Daily Hodl

A Russian court has reportedly hit Google with a truly astronomical fine for blocking a group of television channels on YouTube. The court says Google has amassed a 2 undecillion ruble fine – worth about $20 decillion USD – for blocking accounts of pro-Russia and state-run media outlets, reports the Russia-based media outlet RBC. The Russian […]

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BTC’s ‘reasonable’ $180K target, NFTs plunge in 2024, and more: Hodler’s Digest Jan 12 – 18

10th-Largest US Bank Paying $3,100,000,000 Fine in Historic Admission of Guilt After Criminals ‘Dump Piles of Cash’ on Banks’ Counters

October 10, 2024 The Daily Hodl

billion

The 10th-largest bank in the US is preparing to pay a $3.1 billion fine after becoming the first in American history to plead guilty to conspiracy to commit money laundering. TD Bank’s American-based unit has also admitted to violating the Bank Secrecy Act, and will hand $1.8 billion to the Department of Justice and $1.3 […]

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BTC’s ‘reasonable’ $180K target, NFTs plunge in 2024, and more: Hodler’s Digest Jan 12 – 18

Terror victims claim DOJ withholding share of $4.3B Binance penalty

September 26, 2024 Coin Telegraph

Binance

Four people who are victims or family of victims of state terrorism sued the Justice Department, claiming it hasn’t put the appropriate funds from Binance’s settlement into a victim fund.

The United States Department of Justice must place more of its massive $4.3 billion settlement with Binance into a fund for victims of state-sponsored terrorism, a lawsuit claims.

On Sept. 25, four people who are victims or family of victims of state-sponsored terrorism sued the DOJ in a Washington, D.C. federal court, claiming it improperly withheld or delayed depositing the proceeds of Binance’s November settlement into the Victims of State Sponsored Terrorism Fund.

The suit claimed under the Victims of State Sponsored Terrorism Act, 100% of criminal proceeds and 75% of civil proceeds from cases like Binance’s should be deposited into the fund, which was established to compensate victims of state-sponsored terrorism.

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BTC’s ‘reasonable’ $180K target, NFTs plunge in 2024, and more: Hodler’s Digest Jan 12 – 18

Billion-Dollar Bank Paying $27,760,000 Fine for Allegedly Placing Customers’ Access To Employment, Housing and Credit at Risk

September 21, 2024 The Daily Hodl

bank

The Consumer Financial Protection Bureau (CFPB) is accusing TD Bank of repeatedly placing its customers’ ability to access employment, housing and credit at risk. According to the US financial regulator, TD Bank systematically shared “inaccurate, negative information” on its customers with consumer reporting agencies for years and consequently jeopardizing their creditworthiness, employment and housing prospects […]

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BTC’s ‘reasonable’ $180K target, NFTs plunge in 2024, and more: Hodler’s Digest Jan 12 – 18

India’s FIU Considers Approving More Offshore Crypto Exchanges

September 6, 2024 Bitcoin.com

AML

India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial […]

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BTC’s ‘reasonable’ $180K target, NFTs plunge in 2024, and more: Hodler’s Digest Jan 12 – 18