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Binance to Add 1,000 Roles, Prioritising Compliance Amid Regulatory Challenges

Fintech News

plea agreement. Binance has already handled 63,000 law enforcement requests in 2024, up from 58,000 in the previous year, underscoring the increasing regulatory scrutiny. Zhao, also known as CZ, was sentenced to four months in prison as part of this agreement, which addressed anti-money laundering violations.

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UK Google Users Will Be Under US, Not EU Privacy Protections

PYMNTS

Because of the change, data and privacy will leave the data of tens of millions of people under less protection, and it will be subject to more scrutiny by British law enforcement. to sign new terms of service agreements, people familiar with the matter told Reuters. may also end up negotiating a broader trade agreement.

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Congress Supports Facial Recognition Regulation

PYMNTS

Members of Congress supported a plan to draft legislation aimed at the use of facial recognition software by law enforcement on Wednesday (May 22), according to reports. I talked to the ranking member, and there is a lot of agreement,” he said. But there’s a lot of agreement here. Thank God.”.

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Railsbank Inks Deal To Buy UK Wirecard Card Solutions

PYMNTS

The Newcastle, England-based FinTech has signed an agreement to buy the U.K. The company is facing a series of investigations by law enforcement in Munich, Singapore, the United Kingdom and the European Union. Railsbank has signed a deal to buy Wirecard Card Solutions Ltd. Financial terms were not disclosed.

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Ascension Leak Exposes 24M+ Loan, Mortgage Details

PYMNTS

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. We are also in regular contact with law enforcement investigators and technology partners as this investigation proceeds.”.

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Scammers Love Bitcoin, But Consumers Aren’t So Enthusiastic

PYMNTS

And in India, several wealthy business owners allegedly fell victim to scammers who robbed them of their cryptocurrency by using fake bitcoin wallets , tricking victims into fraudulent trade agreements and then disappearing. The Pandemic Is Making Scams Worse .

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Santander and SMF Urge Global Crackdown on Fraud Amid ‘Fraudemic’ Crisis

The Fintech Times

UK law enforcement, in particular, faces challenges in tackling fraudsters based overseas due to geographical and legal constraints. International cooperation The report emphasises the global nature of fraud, with criminal networks often operating across borders, making it difficult for individual nations to respond effectively.