Global
Global: INTERPOL Blocks 208 West African Bank Accounts and Arrests 103 Individuals in Cyberfraud Crackdown
In a major crackdown on organized cyberfraud, INTERPOL has taken significant action, blocking 208 bank accounts and apprehending 103 individuals involved in West ...
Global
Global: AI-Driven Conversational Payments and Seamless Credit with UPI -India’s Vision
The Reserve Bank of India (RBI) has unveiled an array of innovative fintech initiatives, including the integration of AI-powered “conversational” payments into India’s ...
Global
Global: UAE Imposes $1.3 Million Fine on Money Exchange House for Regulatory Violations
The United Arab Emirates has imposed a fine of $1.3 million on a money exchange house for breaching financial regulations. This action aligns ...
Global
Global: Forensic Audit Exposes Misconduct and Unlawful Commissions in Lebanon’s Central Bank
A comprehensive forensic audit conducted by a New York-based company has brought to light years of misconduct involving Lebanon’s central bank’s former governor ...
Global
Global: India’s Central Bank Initiates 1 Trillion Rupees Withdrawal via Incremental CRR
The Reserve Bank of India (RBI) is set to withdraw nearly one trillion rupees ($12.07 billion) from the banking system using a temporary ...
Global
Global: Spotify Faces $5.4 Million GDPR Violation Fine for Mishandling User Data
Swedish music streaming giant Spotify has been fined SEK 58 million ($5.4 million) by a Swedish regulator for violating the European Union’s General ...
Global
Global: EU to Review US Restrictions on Tech Investments in China
The European Commission of the EU has revealed its intention to evaluate the recent U.S. ban on new American investments in China, particularly ...
Global
Global: US Federal Reserve Outlines Guidelines for Banks in Stablecoin Transactions
State banks within the U.S. Federal Reserve system seeking to partake in transactions involving dollar-backed tokens like stablecoins must secure written supervisory nonobjection ...
Global
Global: Russia to Expand Digital Rouble Testing from August 15, Central Bank Announces
Russia is set to commence consumer trials of its digital rouble on August 15, transitioning from an extensive testing phase with banks, as ...
Global
Global: Additional Banks Face Significant Fines for Unauthorized WhatsApp Usage
Wells Fargo and BNP Paribas are among the recent banks to incur multi-million dollar fines from US regulators due to employee engagement with ...