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

December 2, 2024 The Daily Hodl

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

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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BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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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BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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

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

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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BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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

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

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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BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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.

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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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BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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 […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Crypto Hedge Fund Galois Capital Fined $225,000 by SEC for Custody Rule Violations

September 3, 2024 Bitcoin.com

Crypto Hedge Fund Galois Capital Fined 5,000 by SEC for Custody Rule Violations

advisory firm

The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about the redemption process. SEC Charges Galois Capital According to the […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Banking Giant Prepares for $3,000,000,000 Fine Over Role in Massive Money Laundering Scheme: Report

September 2, 2024 The Daily Hodl

bank

A US bank is reportedly setting aside an additional $2.6 billion while preparing to pay a major penalty to regulators. TD Bank is being investigated over accusations that Chinese gangs relied on the lender to launder $650 million worth of illegal narcotics proceeds from 2016 to 2021. Now, the bank is preparing for a total […]

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BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Major US Bank To Pay $135,600,000 Fine Over Perpetual Problems With Risk Management, Compliance, Data and Internal Controls

July 21, 2024 The Daily Hodl

bank

US banking giant Citigroup will shell out $135.6 million to regulators for failing to fix longstanding issues with the bank’s risk management, compliance, data handling and internal controls. The Federal Reserve and the Office of the Comptroller of the Currency (OCC) have imposed the collective fine for failing to address deficiencies flagged in two enforcement […]

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