investigations

Stenn Collapses Over FinTech’s Possible Ties to Money Launderers
Stenn Collapses Over FinTech’s Possible Ties to Money Launderers
December 16, 2024  |  AML

U.K. FinTech Stenn has reportedly collapsed over possible ties to a Russian money laundering scheme. The company was placed into administration — a type of insolvency procedure...

READ MORE >
Macy’s Employee Accused of Concealing $132 Million in Delivery Costs
Macy’s Employee Accused of Concealing $132 Million in Delivery Costs
November 25, 2024  |  Retail

Macy’s has delayed its earnings call after discovering a multimillion-dollar “intentional” employee accounting error. That employee, the retailer said in a securities filing Monday (Nov. 25) had hidden...

READ MORE >
UK’s CMA Says Apple and Google Policies ‘Hold Back Innovation’
UK’s CMA Says Apple and Google Policies ‘Hold Back Innovation’
November 22, 2024  |  ANTITRUST

Apple and Google may face a formal investigation into their mobile ecosystem policies in the United Kingdom after a provisional study found that these policies...

READ MORE >
Capital One Discloses CFPB Investigation of New High-Interest Savings Accounts
Capital One Discloses CFPB Investigation of New High-Interest Savings Accounts
November 01, 2024  |  Bank Regulation

Capital One disclosed Thursday (Oct. 31) that it could face an enforcement action by the Consumer Financial Protection Bureau (CFPB) regarding its introduction of a...

READ MORE >
Bank of America May Ask Courts to Resolve CFPB Zelle Investigation
Bank of America May Ask Courts to Resolve CFPB Zelle Investigation
October 30, 2024  |  Banking

Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle...

READ MORE >
FBI Reportedly Investigating Hone Capital’s Connections to China
FBI Reportedly Investigating Hone Capital’s Connections to China
September 25, 2024  |  Security & Fraud

The FBI is reportedly investigating a Silicon Valley venture capital group’s ties to China. Hone Capital launched with the help of a Chinese private equity...

READ MORE >
AT&T to Pay $13 Million and Add Safeguards After 2023 Data Breach
AT&T to Pay $13 Million and Add Safeguards After 2023 Data Breach
September 17, 2024  |  Regulation

The Federal Communications Commission (FCC) has reached a settlement with AT&T that resolves the agency’s investigation into a January 2023 hack in which AT&T customer...

READ MORE >
5 States Settle With GSB Group After Investigating Digital Assets Offering
5 States Settle With GSB Group After Investigating Digital Assets Offering
September 09, 2024  |  Security & Fraud

Five states have settled their actions against organizations collectively known as GSB Group and their chairman of the board Josip Heit. This move followed an...

READ MORE >
Former FTX Exec Salame Says Feds Not Honoring Plea Deal
Former FTX Exec Salame Says Feds Not Honoring Plea Deal
August 22, 2024  |  Legal

Last year former FTX executive Ryan Salame cut a deal with federal prosecutors. Now, Salame says the government is not holding up its end of the bargain,...

READ MORE >