Columbus, OH

Reuters

LONDON (Reuters) -A Coinbase business in Britain has been fined for breaching a regulatory agreement to improve its defences against financial crime, in the first sanction of its kind in the UK cryptoassets sector.

Coinbase UK unit fined for breaching financial crime requirements

UPI News

Britain's Financial Conduct Authority fined Coinbase's CB Payments Limited $4,516,736 for regularly ignoring a requirement that prevented the company from offering services to high-risk customers.

British watchdog fines Coinbase CB Payments for taking on 'high-risk' customers

The company agreed to address the issue and received a 30% reduction on its fine from the FCA. Coinbase’s UK unit – CB Payments Limited (CBPL) – was fined $4.5 million by the UK financial regulatory agency, the Financial Conduct Authority (FCA), for repeatedly violating a requirement that barred the firm from providing services to high-risk customers.

Coinbase’s UK Unit Slapped With $4.5M Fine for Violating High-Risk Customer Ban

British Business Investments announces a further commitment to Claret Capital Partners Limited, with a new co-investment fund. The fund will invest in high-growth technology enabled smaller businesses across the UK. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to improve access “to alternative finance for...

British Business Investments Announces a Further Commitment to Claret Capital Partners with Co-Investment Fund

Crypto-friendly fintech platform Revolut has secured a banking license in the UK. The digital bank has 9 million UK customers and 45 million globally. After a three-year wait, crypto-friendly fintech firm Revolut has finally secured a banking license from United Kingdom’s banking regulator Prudential Regulation Authority (PRA). Revolut announced...

Revolut secures UK banking license

Chicago, IL

A JPMorgan Chase customer says he’s struggled to pick up the pieces after a mysterious malicious actor drained $40,000 from his business account. Jeff Benach says his Chicago housing development business recently hired a Canadian company and ordered some renderings, reports ABC Chicago. Although he didn’t like the results,...

$40,000 Drained From JPMorgan Chase Account by Malicious ‘Ghost’ As Bank Rejects Customer’s Plea for Reimbursement: Report

Lancaster County, PA

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

California State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

West Virginia State

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Norfolk, VA

Cheryl E Preston

Four Virginians were confirmed to be onboard when the Titanic sank on April 14, 1912. Phillip Acts and Selini Decker, who lived a few blocks apart in Norfolk, died when the ship sank. Richmond native Robert Decker and Eloise Smith, who later moved to Richmond from West Virginia, survived.

There's a reason no remains from the Virginia Titanic victims will ever be found

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

In a concerning trend for California, numerous large companies are gearing up for significant layoffs, affecting thousands of workers across various industries. According to the WARN Tracker, California has seen a staggering 37,086 WARN layoffs this year alone, impacting 713 businesses statewide.

Concerns Rise as Massive Layoffs Hit California

Virginia State

Anchorage, AK

Daily Express reports that Roger Allan Holmberg Sr., a Virginia pastor, has been accused of hitting his wife while on an Alaskan Airlines flight from Seatle to Anchorage. Holberg allegedly verbally and physically abused his wife, who said she has epilepsy, and her husband hit her in the head, knowing it could cause a seizure.

Virginia pastor facing federal charges after he allegedly hit his wife on an Alaskan Airlines flight

HSBC Australia will block all customer payments to crypto exchanges as from July 24, 2024. The bank told customers in an email that the decision is due to rising cases of crypto related investment scams. A recent report suggested Australians lost $171 millin to such crypto scams in 2023. HSBC...

HSBC Australia blocks payments to crypto exchanges

In Virginia, Drinking in public or offering another person alcohol in a public space is prohibited. This is a class 4 Misdemeanor punishable by a fine of up to $250.00. Under a new law that goes into effect on July 1, this will change to a degree.WDBJ7 reports that the prohibition on drinking or offering an alcoholic beverage to someone else in public will no longer apply under the following conditions.

Drinking in public will no longer be prohibited on private Campgrounds in Virginia beginning July 1

North Carolina State

Town Talks

Death Disclosure Laws and Property Disclosures in North Carolina. In North Carolina, there is no legal obligation for homeowners or real estate agents to disclose if a death has occurred in a home, whether by natural causes, murder, or suicide. However, if a potential buyer directly inquires about any deaths on the property, the seller is required to provide that information.

If someone dies at your house do you have to tell a potential buyer? What North Carolina law says

POLITICO

The move is designed to bolster the exchange’s bipartisan credentials as Trump leans on the industry for support and contributions.

Former Clinton aide Chris Lehane expands his influence at crypto giant Coinbase

In this episode of “Financial Crime Matters,” Kieran Beer talks with Christina Rea about her brief tenure at Binance.US as interim chief compliance officer. Rea discusses what it was like to lead U.S. compliance for Binance.com, the world’s largest digital assets trading platform, as it underwent scrutiny from regulators and law enforcement (LE) that ultimately culminated in a $4.3 billion penalty against Binance.com. In addition to a guilty plea for money laundering failures by the virtual asset services provider’s (VASP) co-founder Changpeng Zhao that resulted in his paying a $50 million fine and the possibility of up to 18 months in prison.

Surviving Regulatory and LE Scrutiny as a Compliance Officer, With Christina Rea

Mississippi State

Jackson, MS

Mississippi News Group

JACKSON, Miss. - In a decisive move today, State Auditor Shad White announced the arrest of Lacosta Lee, a contracted probation officer affiliated with Court Programs, Inc (CPI), on charges of embezzlement. Special Agents from the State Auditor’s Office took Lee into custody following allegations that she misappropriated funds intended for court-ordered fines and fees.

Probation Officer Arrested in Embezzlement Case

Savannah, GA

Daily Coffee Press

Newly returned indictments in the Southern District of Georgia include felony charges for illegal firearms possession and drug distribution, while additional defendants have been sentenced to federal prison or await further proceedings after pleading guilty to federal gun charges.

Federal Charges in Southern GA: Indictments and Sentences for Firearms and Drug Offenses

NewsNinja

In a deeply distressing event that has left the community of Padana village in Lahore reeling, a 15-year-old boy named Arsalan sadly ended his life by leaping from a water tank. The tragic incident is believed to have happened following Arsalan's receipt of poor grades in his final exams, a critical juncture in the educational structure of Pakistan.

Tragedy Strikes: Teenager Commits Suicide Over Exam Results in Lahore

NewsBreak

UK’s Coinbase subsidiary fined $4.5 Million for high-risk customer breaches

CB Payments Limited (CBPL) a subsidiary the Coinbase Group fined $4.5 million by FCA for onboarding high-risk customers. Breaches occurred despite a 2020 agreement to halt...

UK’s Coinbase subsidiary fined $4.5 Million for high-risk customer breaches

Comments / 0