Watchdog Money Laundering

Wise rebuked by European watchdog over money laundering controls

Regulatory review in 2022 found fintech lacked proof of address for hundreds of thousands of customers

World - Financial Times - 12 hours ago

UK imposes sanctions on Isabel dos Santos in money laundering crackdown

Africa’s former richest woman and exiled Ukrainian oligarch Dmytro Firtash among trio hit by measures

World - Financial Times - November 21

Swiss prosecutor charges Lombard Odier with money laundering

Former employee of private bank also charged in case relating to daughter of former Uzbekistan president

Business - Financial Times - 4 hours ago

Metro Bank fined £17mn for anti-money laundering control failings

UK lender failed to ensure automated system was correctly checking customer transactions

Business - Financial Times - November 12

Major bitcoin hacker Lichtenstein gets five years in prison for crypto laundering scheme

The value of the bitcoin stolen by hacker Ilya Lichstenstein from Bitfinex in 2016 is worth more than $10 billion now.

Business - CNBC - November 15

Swiss wealth manager Lombard Odier indicted on money laundering charges

Lombard Odier — one of Switzerland's oldest private banks — has been indicted by Swiss prosecutors on charges of aggravated money laundering.

Business - CNBC - 2 hours ago

Loyalty cards offer genuine savings, watchdog says

Supermarket customers can save money with loyalty cards but should still shop around.

Watchdog says cladding removal deadline may be missed

It says up to 60% of buildings with dangerous cladding have still not been identified.

'I didn’t think there was cause to shoot Chris Kaba' – police watchdog lead defends sending case to CPS

Sal Naseem tells the BBC he wasn't convinced Mr Kaba presented a sufficient danger to justify being shot.

Water watchdog boss claimed £170 Mulberry wallet on expenses

Alan Sutherland stood down last year after a report revealed lavish spending at the Water Industry Commission for Scotland.

PSNI not 'rigorous enough' in investigating Simpson death

For several months, Katie Simpson’s death in 2020 was treated by detectives as a suicide.

BBVA bid for Sabadell dealt blow by antitrust watchdog

Spain’s CNMC will submit €11bn hostile takeover to a more rigorous ‘phase 2’ review

World - Financial Times - November 12

Watchdog to probe police use of force on children

Figures show that children are twice as likely to experience the use of force from officers than adults.

Consumer watchdog to oversee digital wallets, payment apps

Large companies that offer digital wallets and payment apps will now be overseen by the Consumer Financial Protection Bureau (CFPB). The CFPB finalized a rule Thursday to bring companies handling ...

Politics - The Hill - November 21

Why Mexico Is Eliminating Independent Watchdog Agencies

A vote in the country’s Senate has cleared the way to abolish seven independent organizations that provided oversight on issues such as public information and price fixing.

World - The New York Times - 16 hours ago

Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prison

A computer expert who stole bitcoin worth billions of dollars at current prices — and then spent years laundering some of the hacked cryptocurrency with help from his wife — has been sentenced to ...

Tech - ABC News - November 14

England’s dangerous cladding could cost £22bn to rectify, watchdog finds

Ministers must ‘manage risks’ to limit taxpayers’ exposure to £5.1bn already budgeted, says report

Business - Financial Times - November 4

Price and 5G promises needed for Vodafone-Three merger, says regulator

It wants commitments on prices and 5G if the creation of the UK's biggest mobile network is to go ahead.

UK Treasury breached legal duty by failing to reveal overspend, says watchdog

OBR chair says relationship with finance ministry moving to ‘system of trust but verify’

Business - Financial Times - November 5

Eurostar £39 ticket adverts banned by UK watchdog for second time

Advertising Standards Authority said no evidence enough seats available for purchase at cheap fare during promotion

World - Financial Times - November 6

Baby milk price promotion ban should end, watchdog suggests

Many parents opt for more expensive baby milk, equating higher costs with better quality, the watchdog found.

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