Ericsson agrees $97million settlement with Nokia in bribery probe
Ericsson has agreed to pay Nokia EUR 80 million (roughly $97 million) for a damages claim related to bribery and corruption investigations previously settled with U.S. authorities.
In 2019 Ericsson was fined more than $1 billion to resolve separate but related cases...
U.S DoJ, IRS probe crypto exchange Binance over crypto crimes
Binance Holdings Ltd. is under investigation by the Justice Department and Internal Revenue Service, ensnaring the world’s biggest cryptocurrency exchange in U.S. efforts to root out illicit activity that’s thrived in the red-hot but mostly unregulated market.
As part of...
German regulator orders N26 to fix money-laundering controls
Germany’s financial regulator has told N26 Bank GmbH, a hot digital startup with operations in Europe and the U.S., to implement proper controls to prevent money laundering, taking the unusual step of appointing a special monitor to watch over...
U.S. arrests alleged ‘Bitcoin Fog’ operator for money laundering
U.S. officials on Tuesday arrested Roman Sterlingov, the alleged principal operator of cryptocurrency money laundering website Bitcoin Fog, according to a federal court filing.
Sterlingov, a citizen of Russia and Sweden, was detained in Los Angeles on money-laundering related charges.
Bitcoin...
Former Netflix executive convicted for accepting bribes to approve contracts
A federal jury found a former Netflix executive guilty Friday of receiving lucrative stock options and more than a half-million dollars in bribes and kickbacks from tech companies to approve contracts with the streaming giant.
Michael Kail, 49, is a former Netflix...
Another Turkish cryptocurrency exchange collapse amid crackdown
A second cryptocurrency exchange has collapsed in Turkey amid a crackdown on the industry.
The platform, Vebitcoin, said in a brief statement on its website that it has ceased all activities after facing financial strain and that it would update clients on...
Ireland stops anonymity in trading of cryptocurrency
BUYERS and sellers of Bitcoin and other cryptocurrencies are no longer able to trade virtual assets anonymously in Ireland under an expanded anti-money laundering regime.
As of today, cryptocurrency service providers in Ireland will have to comply with money laundering rules and other basic...
Turkey arrests four people linked to crypto exchange Vebitcoin in fraud probe
Turkish authorities arrested four people from cryptocurrency exchange platform Vebitcoin on Monday as part of a fraud investigation, state-owned Anadolu news agency said.
Authorities had previously blocked the onshore bank accounts of Vebitcoin after the company said it had stopped...
Turkey probes Thodex crypto exchange over alleged $2 billion fraud
Turkish prosecutors launched an investigation into a cryptocurrency exchange Thursday over allegations it may have defrauded some 390,000 investors of an estimated $2 billion.
The office of Istanbul’s chief prosecutor said it was probing the Thodex cryptocurrency exchange following complaints...
Former BitMEX CEO Arthur Hayes surrenders to U.S authorities in Hawaii
Former BitMEX CEO Arthur Hayes surrendered to United States authorities in Hawaii on Tuesday, six months after federal prosecutors first levied charges against him and three fellow BitMEX executives.
In a statement, Hayes’ lawyers described the Singapore resident as “a self-made entrepreneur...