News with the tag "penalty"

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 Finan...

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 t...

The SEC order found that Robinhood Securities LLC and Robinhood Financial LLC violated more than 10 separate securities law provisions.

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...

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...

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 fi...

The 10th-largest bank in the US is preparing to pay a $3 billion fine after becoming the first in American history to plead guilty to conspiracy to commit money laundering charges. TD Bank’s American-based unit has also admitted to violating the Bank Secrecy Act, and will hand $1.8 billion to the De...

Despite the regulatory hurdles, the project’s WLD token surged 35% this week, from $1.60 on Sept. 19 to $2.16 on Sept. 26.

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

The US Commodity Futures Trading Commission (CFTC) has secured a $36 million-dollar fine against forex and digital asset scammer William Koo Ichioka. This development comes amidst rising levels of crypto fraud losses over the last year. Related Reading: Hacked X Accounts Power Massive Crypto Scam, B...