Author: CorruptionLedger

Following concerns raised by the government of the United Kingdom (“UK”) about freedom of expression and the provision of banking services, the UK’s financial watch dog, the Financial Conduct Authority (“FCA”), recently commenced an investigation into bank account closures.  This action follows in the wake of recent reports of banks allegedly closing customer accounts based…… Continue Reading
The post FCA Investigates Bank Account Closures, Including for PEP Customers appeared first on Global Investigations & Compliance Review.

A judge has sentenced “That ’70s Show” actor Danny Masterson to 30 years to life in prison for raping two women. “This has been a long and arduous road for the victims of Mr. Masterson,” read a statement from District Attorney George Gascón. “They not only survived his abuse, they also survived a system that is often not kind to victims.” NPR has reached out to Masterson’s lawyer for a statement. Masterson, a member of the Church of Scientology, was…

  The Australian Securities and Investments Commission (ASIC) has taken legal action against Paypal Australia Pty Limited, alleging that the company’s standard form of contracts with small business owners contains an unfair term. According to ASIC, business account holders are given 60 days to notify Paypal of any errors or discrepancies in fees that Paypal has charged them, or else accept those fees as accurate. ASIC alleges such a term is considered unfair. “ASIC has commenced this action to protect…

China’s President Xi Jinping has pledged to support Cuba’s defence of its national sovereignty, opposing foreign interference and a U.S. economic blockade, and will expand strategic coordination with Havana. Xi made the remarks in a meeting with Cuba President Miguel Diaz-Canel on the sidelines of the BRICS Summit in Johannesburg on Wednesday, according to a statement from the Chinese foreign ministry on Thursday. “China highly appreciates Cuba’s consistent firm support for China on issues involving China’s core interests, and will…

Russian mercenary chief Yevgeny Prigozhin was believed dead after a private jet on which he was listed as a passenger crashed north of Moscow with no survivors. Prigozhin, 62, spearheaded a mutiny against Russia’s top army brass on June 23-24, which President Vladimir Putin said could have tipped Russia into civil war. Others who have opposed Putin or his interests have also died under unclear circumstances or come close to death. Here are some details about these mysterious incidents: ANNA…

(AP) — A private jet crashed in Russia on Wednesday, killing all 10 people aboard, emergency officials said. Mercenary chief Yevgeny Prigozhin was on the passenger list, but it wasn’t immediately clear if he was on board. Prigozhin’s fate has been the subject of intense speculation ever since he mounted a short-lived mutiny against Russia’s military leadership in late June. The Kremlin said the founder of the Wagner private military company, which fought alongside Russia’s regular army in Ukraine, would…

WASHINGTON (AP) — The generic drug maker Teva Pharmaceuticals agreed Monday to pay $225 million to settle price-fixing charges related to sales of a major cholesterol-lowering drug. The U.S. Department of Justice said the agreement also requires Teva to divest its business making and selling the drug, pravastatin, a generic version of the brand-name medicine Pravachol. Another generic drug maker, Glenmark Pharmaceuticals, agreed to pay a $30 million criminal penalty and to divest its pravastatin business as well. In a…

The revised Swiss Federal Act on Data Protection comes into force 1 Sept. Unsurprisingly, perhaps, this upgrade to the 1992 version brings Switzerland’s data protection regime into greater alignment with the provisions of the EU General Data Protection Regulation. This includes the introduction of new, more stringent obligations on non-Swiss companies doing business in Switzerland, such as the requirement to appoint a Swiss representative. There is also an increased emphasis on the commitment to data subject rights, as well as…

WASHINGTON (AP) — The Biden administration on Thursday asked Congress to provide more than $13 billion in emergency defense aid to Ukraine and an additional $8 billion for humanitarian support through the end of the year, another massive infusion of cash as the Russian invasion wears on and Ukraine pushes a counteroffensive against the Kremlin’s deeply entrenched forces. The package includes $12 billion to replenish U.S. federal disaster funds at home after a deadly climate season of heat and storms,…

The recent explosion of generative artificial intelligence tools coincides with a parallel explosion in privacy legislation, both in the U.S. and around the world. In the U.S., 13 states passed comprehensive data protection laws in less than three years. Globally, most developed countries passed new or stricter privacy laws within the last decade. Many of these laws explicitly regulate the application of AI. Consequently, feeding personal data into generative AI tools and handling personal data in their outputs entails navigating…

Megan Thee Stallion testified that Lanez fired a gun at her feet and shouted for her to dance following an argument in 2020. Canadian rapper Tory Lanez has been sentenced to 10 years in prison, more than seven months after he was convicted of shooting fellow musical artist Megan Thee Stallion and injuring her feet after a pool party in the Hollywood Hills in July 2020. Los Angeles Superior Court Judge David Herriford handed down the sentence on Tuesday to…

ORLANDO, Fla. — Students in a Florida school district will be reading only excerpts from William Shakespeare’s plays for class rather than the full texts under redesigned curriculum guides developed, in part, to take into consideration the state’s “Don’t Say Gay” laws. The changes to the Hillsborough County Public Schools’ curriculum guides were made with Florida’s new laws prohibiting classroom discussion about sexual orientation or gender identity in mind. Other reasons included revised state standards and an effort to get…

The US Supreme Court has temporarily reinstated a rule cracking down on the proliferation of firearms without serial numbers, known as “ghost guns”, reversing a ruling by a lower court. In a narrow 5-4 decision on Tuesday, the nation’s highest judicial body ruled to keep in place regulations introduced by the administration of President Joe Biden to restrict “ghost guns”, which can be constructed from separate parts or put together using 3D printers. The ruling is only temporary, though, while…

Italy has dealt a surprise blow to its banks and sent shock waves across the sector in Europe by setting a one-off 40 percent tax on profits reaped from higher interest rates, after reprimanding lenders for failing to reward deposits. Sharply higher official interest rates have yielded record profits for banks, as the cost of loans has soared while lenders have held off paying more on deposits. Countries such as Spain and Hungary have already imposed windfall taxes on the…

Canadian news industry groups have asked the country’s antitrust regulator to investigate Meta Platforms’ decision to block news on its platforms in the country, accusing the Facebook parent of abusing its dominant position. Meta started blocking news on its Facebook and Instagram platforms for all users in Canada last week in response to a law requiring internet giants to pay for news articles. Canada’s Online News Act, part of a global trend to make tech firms pay for news, became…

United Nations agencies scramble to replace depleting aid stocks as regional sanctions start to kick in. Niger’s military coup is disrupting humanitarian efforts by the United Nations as border and airspace closures threaten to cut off supplies of medicine and food, says a UN official. UN aid agencies are scrambling to replenish depleting stocks just as regional sanctions potentially increase the number of people in need, its humanitarian chief in Niger, Louise Aubin, warned on Tuesday. “The risk is that…