penalty

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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Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

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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Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

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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Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

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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Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

TD Bank Makes History as First US Bank to Plead Guilty to Money Laundering Conspiracy

October 14, 2024 Bitcoin.com

Bank Secrecy Act

TD Bank, one of the largest financial institutions in the U.S., has agreed to pay a record $3 billion penalty, the largest ever under the Bank Secrecy Act, after pleading guilty to felony charges. The bank is the largest in U.S. history to plead guilty to Bank Secrecy Act program failures and the first to […]

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Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

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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Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

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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Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

SEC Hits Flyfish Club With Charges for Unregistered NFT Offering

September 18, 2024 Bitcoin.com

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $750,000 civil penalty, and to comply with certain undertakings,” the regulator noted. SEC Charges […]

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Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

US Court Imposes $209 Million Penalty in Crypto Ponzi Scheme

September 5, 2024 Bitcoin.com

bitcoin.com

The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes restitution, disgorgement of illegal profits, and a civil penalty. The Commodity Futures Trading Commission (CFTC) has recovered […]

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Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

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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Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month