Topline The Florida judge overseeing the upcoming trial of Marjory Stoneman Douglas High School shooter Nikolas Cruz decided Monday afternoon to remove an entire 60-member panel of potential jurors af...
Tag: Penalty
Nigeria’s Central Bank punishes 3 banks with a $1.9M Penalty for Crypto Transactions
Nigeria’s central bank punished three homebuyers for allowing cryptocurrency transactions. The action is in accordance with the Zenith Financial Institution’s 2021 round, in which the Central Bank of ...
Westpac Banking Corporation to Pay $1.5 Million Penalty
One of Australia’s leading financial services providers, Westpac Banking Corporation to pay a $1.5 million penalty for mis-selling consumer credit insurance, the Australian Securities and Investments ...
Nigeria’s Central Bank Imposes $1.9M Penalty on 3 Domestic Banks for Crypto Transactions
Nigeria’s central bank has reportedly fined three domestic lenders for allowing transacting in cryptocurrencies. The action is in line with the apex bank’s 2021 circular, where the Central Bank of Nig...
Can I Borrow From an IRA Without Penalty?
Individual Retirement Accounts (IRAs) offer account holders several tax advantages, such as tax credits, tax deductions, and tax deferrals on earnings. However, when money is withdrawn, the distributi...
Turkish regulators seek life penalty for crypto scammers
TL; DR Breakdown Turkish regulators want scammers incarcerated for life The regulators used the Thodex scam as a benchmark The crypto sector confines to suffer scam attacks In the last few years, the ...
How to avoid a 6-figure tax penalty on foreign bank accounts
Chuyn | Istock | Getty Images Whether you’re an expat or U.S.-based, you may need to report your foreign accounts to the U.S. Department of the Treasury by April 15 — or face costly tax penaltie...
Crypto Exchange Kraken’s New CFO Previously Paid $65,000 Penalty For Misleading Investors And Breaching Fiduciary Duty
Renaud Laplanche, left, Founder & former CEO of Lending Club, hands the gavel to company’s former CFO Carrie Dolan after he rang the ceremonial first trade bell, during his company’s I...
‘Motherhood Penalty’ Ranges as High as $600,000. Here Are Some Tips to Catch Up.
When the pandemic hit in 2020 and shut down schools, Samantha Goodman decided there was no way to work and care for her son, now 6. So for two years she gave up on having a job or saving for retiremen...
Japan Asks Crypto Exchanges to Comply With Sanctions Restrictions — Penalty Includes 3 Years in Prison – Regulation Bitcoin News
Japan’s top financial regulator has asked cryptocurrency exchanges in the country not to process transactions subject to asset-freeze sanctions. The penalty for unauthorized payments to sanctioned per...
FINRA Imposes $75,000 Penalty on Crown Capital
Financial Industry Regulatory Authority (FINRA) has recently penalized Crown Capital Securities for paying nearly $19.3 million in transaction-based compensation to unregistered entities. Crown Capita...
Following a hefty penalty, BlockFi to offer the first SEC-registered crypto interest-bearing security
The US Securities and Exchange Commission (SEC) recently announced reaching a $50 million settlement with crypto lending platform BlockFi. To settle all charges over a failure to register its crypto l...
Has the SEC ‘Wiped Out’ DeFi Lending Model with BlockFi Penalty?
The U.S. Securities and Exchange Commission’s massive fine of crypto lending platform BlockFi has sent shockwaves through the fledgling decentralized finance industry. On Feb. 12, BeInCrypto reported ...
BlockFi to Pay $100M Penalty, Stop Opening New High-Yield Bitcoin Accounts: Report
Crypto lending platform BlockFi has agreed to pay $100 million to settle ongoing investigations from the U.S. Securities and Exchange Commission and multiple state securities regulators. According to...
Credit Suisse to Defend $45M Penalty Order in Swiss Court
Swiss federal prosecutors are seeking around 42.4 million Swiss francs ($45 million) in penalties from Credit Suisse for its involvement in serious anti-money laundering breaches. The trial against th...
Myanmar’s Military Junta Imposes Crypto Ban; Penalty of Up to One Year Imprisonment
The military junta in Myanmar has recently drafted a bill that seeks to ban the use of digital currencies and virtual private networks (VPNs) in the Southeast Asian country. The bill, which has alread...