The Serious Fraud Office arrested two men and opened a criminal investigation on Thursday into the collapse of a $28 million cryptocurrency scheme over suspected fraud after plans to create a "crypto hedge fund" failed.
The Serious Fraud Office arrested two men and opened a criminal investigation on Thursday into the collapse of a $28 million cryptocurrency scheme over suspected fraud after plans to create a "crypto hedge fund" failed.
Standard Chartered on Thursday relaunched a fight to withhold regulatory documents from investors that are suing the bank for £1.5 billion ($2 billion), as they allege that the lender made untrue or misleading statements about its noncompliance with sanctions.
A criminal defense solicitor lied to an imprisoned client's wife by concealing the fact he was holding on to funds belonging to the client, the Solicitors Regulation Authority told a tribunal Thursday.
Criminals operating in at least two dozen U.K. cities and towns are behind a billion-dollar money-laundering network turning dirty cash into cryptocurrency to fuel Russia's military, evade sanctions and further the global drugs trade, British investigators said Friday.
The European Union's executive body adopted a package of measures on Thursday to improve access to personal and work pensions in member states, helping citizens to secure adequate income in retirement.
More than two-thirds of pension professionals say the administrator is either fully or partially involved in the program's strategy, a trade body for the sector said Thursday.
French multinational lender BNP Paribas said Thursday that it is planning to launch a €1.15 billion ($1.3 billion) share buyback program in November, as it disclosed plans to boost its capital buffer ratio to withstand financial distress.
Pension Insurance Corporation PLC revealed the appointment of its chief financial officer Dom Veney as interim CEO on Thursday, ahead of retirement group Athora's completion of its acquisition of PIC in a deal worth an estimated £5.7 billion ($7.5 billion).
The European Banking Authority’s plans to extend third-party risk controls to non-ICT services, which may be finalized by the end of the year, will place a significant compliance and operational burden on in-scope entities, which should not be underestimated, say lawyers at Travers Smith.
