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UK government plans to make businesses liable for workers’ fraud | Reuters

Britain plans to make it easier to prosecute a large organisation if an employee commits fraud for the benefit of a business, the government said on Tuesday. The interior ministry said businesses which fail to deter fraud will face enforcement action under the new plans and prosecutors will not have to prove that company bosses […]

Credit Suisse Probed by SEC Eight Months Before Its Collapse

When Credit Suisse Group AG delayed publishing its annual report in March, the Swiss bank said it was because of a “late call” the evening before from the US Securities and Exchange Commission asking questions about its previous accounting errors. The regulator had actually been probing the bank for eight months, asking questions about its […]

Coinbase Awarded Nearly $470,000 in First Crypto Insider Trading Case

A crypto trader accused of using illicit tips from his brother, who worked at exchange operator Coinbase Global, was ordered to pay $469,525 in restitution as part of a plea agreement approved by a Manhattan federal court. Nikhil Wahi must pay that amount to Coinbase, which was “the victim of the offenses,” U.S. District Judge […]