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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInU.S. securities regulator probes Didi Global’s $4.4 billion IPO | Reuters
The U.S. Securities Exchange Commission is investigating Didi Global Inc over its $4.4 billion initial public offering in the United States in June last year, the Chinese ride-hailing giant said. Didi was cooperating with the U.S. securities regulator’s investigation related to the offering, “subject to strict compliance” with Chinese law, the company said in its […]
Bitcoin cash machines ordered to shut down in UK – BBC News
Crypto-ATMs look like regular cash machines and let people buy crypto-currency, such as Bitcoin, using their bank cards. But no company offering crypto-currency services in the UK has a licence to operate a crypto-ATM. The FCA said all such machines must be shut down or it will take action. Source: Bitcoin cash machines ordered to […]
U.K. Approves Extradition of Tech Tycoon Mike Lynch to U.S. – Bloomberg
The U.K. government approved the extradition of Mike Lynch to the U.S. to face criminal fraud charges, hours after a London judge ruled the tech tycoon was dishonest in the $11 billion sale of his company. The extradition decision by Home Secretary Priti Patel Friday doesn’t mean that Lynch will be getting on a plane […]
Nov. 17 Webcast: Internal Investigations in Brazil and the U.S. – Comparative Approaches and Challenges
Please join Iris Bennett, Carlos Ayres and Steven Neuman for this free webcast.
Leading white collar crime duo exits Greenberg Traurig for HFW – The Global Legal Post
Barry Vitou has left his role as global co-chair of Greenberg Traurig’s corporate crime and investigations practice for HFW, along with Greenberg partner and former Serious Fraud Office (SFO) prosecutor Anne-Marie Ottaway. Source: Leading white collar crime duo exits Greenberg Traurig for HFW – The Global Legal Post
Behind the Crypto Broker Accused of Enabling Ransomware Hackers – Bloomberg
Suex OTC, a virtual currency exchange, is a transactions platform that allows cryptocurrency traders to buy and sell digital coins. It is accused by the U.S. of mixing legitimate digital currency trades with illegal transfers from ransomware gangs, allowing them to launder profits from the kind of attacks that have crippled hospitals, businesses, school districts […]
UK’s FCA says it is ‘not capable’ of supervising crypto exchange Binance | Financial Times
The UK financial regulator has conceded it is “not capable” of properly supervising Binance despite the “significant risk” posed by the cryptocurrency exchange’s products, which allow consumers to take supercharged bets. In a supervisory notice two months after starting a crackdown on the exchange, the Financial Conduct Authority — one of the most influential financial […]
Sept. 15 Webcast: The Current Compliance Landscape in Brazil–What You Need to Know About New Forms of Fraud, Corruption and Other Crimes
Please join Iris Bennett, Carlos Ayres and Steven Neuman for this free webcast.
Wirecard employees removed millions in cash using shopping bags | Financial Times
Wirecard employees hauled millions of euros of cash out of the group’s Munich headquarters in plastic bags over a period of years, according to former employees, suggesting that the payments company was looted even more brazenly than previously known. The once high-flying fintech, which at its peak was worth €24bn, went bust last summer in […]
Wirecard: Bafin Faces Criminal Probe Over Wirecard Supervision, Trading – Bloomberg
The scandal over the collapse of Wirecard AG expanded as German financial regulator BaFin faces a criminal probe into how it oversaw the payment processor and whether some of the agency’s staff illegally traded the stock. Frankfurt prosecutors said Monday they opened the probe after reviewing information collected from BaFin in February when they visited […]