Daily Archives: March 8, 2019, 12:20 pm

Fidelity’s new cryptocurrency company is up and running despite a bear market for digital coins

An ongoing cryptocurrency bear market is not dampening interest for Fidelity’s new institutional cryptocurrency products. Fidelity Digital Assets, a new company created by the investing giant last year, has quietly rolled out its cryptocurrency custody and trade execution operations. In the past few months it has been up and running with institutional investors like hedge funds and family offices, according…

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DOJ Cites Lack of Oversight in Bribery Case Against Russian Mobile Phone Company | Corporate Counsel

Russia’s largest mobile network operator, Mobile TeleSystems, has agreed to pay $850 million to settle a corruption case that highlights the importance of having effective internal accounting controls. MTS allegedly violated the Foreign Corrupt Practices Act by paying at least $420 million in bribes from 2004 to 2012 to Gulnara Karimova, the 46-year-old daughter of ex-Uzbekistan President Islam Karimov, who…

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