The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. In updated rules from the Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury Department’s financial crime division, the agency said the new...
Numerous regulators had discussions over the years about tightening supervision on Wirecard or adding it to a list of potential subjects for more investigations, but all decided against it, Reuters reports. That was all before the company’s current implosion over a scandal about a missing...
The Wirecard scandal surrounding the German payment processor missing $2.1 billion has spilled over the border to Belgium. Brussels is seeking an investigation into the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulatory authority, for its failure to supervise Wirecard, the Financial Times reported. Valdis...
Microsoft’s Brad Smith, taking a subtle hit at Apple’s App Store, called for regulators to look into possible antitrust violations over the way companies are treating stores for those who want to distribute products. Smith didn’t name Apple directly, but said that some stores were...
March 10, 2023
Silicon Valley Bank has been taken over and closed by a state financial regulator. The California Department of Financial Protection and Innovation (DFPI) took possession of the bank and appointed the Federal Deposit Insurance Corporation (FDIC) as its receiver Friday (March 10), the DFPI said in a Friday press release. The state regulator cited Silicon Valley Bank’s “inadequate liquidity and […]
July 05, 2020
The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. In updated rules from the Financial Crimes...
June 29, 2020
Numerous regulators had discussions over the years about tightening supervision on Wirecard or adding it to a list of potential subjects for more investigations, but all decided against it, Reuters...
June 26, 2020
The Wirecard scandal surrounding the German payment processor missing $2.1 billion has spilled over the border to Belgium. Brussels is seeking an investigation into the Federal Financial Supervisory Authority (BaFin),...
