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Banking giant Toronto Dominion (TD) is preparing to pay nearly half a billion dollars in penalties over an inadequate anti-money laundering (AML) program.
In an announcement, TD says it has set aside an initial provision of $450 million to pay the US government over an AML program that was “insufficient to effectively monitor, detect, report, and respond to suspicious activity.”
According to the...
Analyst Michaël van de Poppe Says Big Moment Coming for Ethereum, Predicts Rally for Layer-1 Altcoin
Crypto strategist Michaël van de Poppe believes that Ethereum (ETH) is close to witnessing a big trend shift.
Van de Poppe tells his 717,600 followers on the social media platform X that he doesn’t expect the U.S. Securities and Exchange Commission (SEC) to approve pending applications for spot Ethereum exchange-traded funds (ETFs) in the coming weeks.
The SEC is slated to approve, delay or deny...
The U.S. Department of Justice (DOJ) has reportedly appointed a London-based consulting firm to serve as an outside monitor for Binance after the world’s largest crypto exchange pleaded guilty to violating US anti-money laundering (AML) regulations and sanctions laws.
People familiar with the matter but wanted to remain anonymous say the DOJ has selected Forensic Risk Alliance (FRA) for the three...
A woman who discovered tens of thousands of dollars missing from her Wells Fargo account says the financial giant is failing to protect its customers.
The victim, who wants to remain anonymous to protect her identity, says thieves looted more than $81,000 from her account via electronic transfers, reports FOX News Memphis.
The woman says she had only withdrawn money from her account three times...
Regulators in Canada have reportedly fined Binance millions of dollars after the crypto exchange allegedly failed to comply with anti-money laundering and terrorist financing laws.
According to a new report by Reuters, The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is penalizing the world’s largest crypto exchange platform by volume after it failed to register as a...
Billionaire Mark Cuban is calling out the chair of the U.S. Securities and Exchange Commission (SEC), saying that the regulatory agency has yet to protect a single crypto investor against fraud.
In a new message on the social media platform X, the business magnate says SEC Chair Gary Gensler’s tough stance against the crypto industry may cost President Joe Biden the 2024 election.
“If Joe Biden...
Reports of people trying to use counterfeit cash are spreading across the US.
Headlines on various attempts to pay with fake money are popping up around the country, with ABC News declaring counterfeiting is “making a comeback.”
Police in Hilo, Hawaii say someone has been bleaching the ink off of $1 bills and printing $100 marks on top, reports the Fox-affiliated news station KHON.
Police...
Technical signals are hinting at an explosion in altcoin prices approaching over the horizon, according to veteran crypto analysts.
Glassnode co-founders Jan Happel and Yann Allemann, who go by the handle Negentropic on the social media platform X, tell their 62,800 followers that altcoins are likely on the verge of a “massive move.”
The analysts say that ALTS (TOTAL3), which represents the...
Hedge fund Pantera Capital says one project, which is the firm’s “largest investment ever,” has an opportunity to bring crypto to the masses.
In a new post, Pantera CEO Dan Morehead says that Toncoin (TON), the layer-1 blockchain network originally designed by the messaging platform Telegram, has a major advantage over other projects in building a large community.
“99.999% of blockchain projects...
Billionaire hedge fund manager Stanley Druckenmiller is warning that excessive government spending will stifle key technological innovations that could supercharge productivity in the US.
In a new CNBC interview, Druckenmiller says that the government is spending money like we’re back in the Great Depression.
According to the billionaire, the government’s demand for more debt to fund its undue...