Category: enforcement archive

The Australian Prudential Regulation Authority has slapped BNK Banking Corporation with a $247,500 fine for failing to meet its data reporting requirements to the APRA.  In a statement, the prudential regulator said BNK was 32 days late in filing statistical reports for the month ending Feb. 23 under the Economic and Financial Statistics program. This failure to report data by required deadlines was in breach of the requirements of the Financial Sector (Collection of Data) Act 2001 (FSCODA). Therese McCarthy…

The United States said Monday that ally Israel had a right to “defend its people” against Islamist militants but called for protection of civilians after a major, deadly raid in the occupied West Bank. “We support Israel’s security and right to defend its people against Hamas, Palestinian Islamic Jihad, and other terrorist groups,” a State Department spokesperson said. “It is imperative to take all possible precautions to prevent the loss of civilian lives,” the spokesperson added. The United States, Israel’s…

Steve Li Kwai-wah, Hong Kong’s national security department superintendent, speaks during a press conference to issue arrest warrants for eight activists, in Hong Kong on Monday. Joyce Zhou/Reuters TAIPEI, Taiwan — Hong Kong has issued arrest warrants for eight exiled activists and lawyers, accusing them of violating China’s national security law — and offering a hefty bounty for their capture. Among the eight people Hong Kong’s national security police say are wanted for “collusion with foreign forces” are activist and…

Sweden’s data protection watchdog has issued a couple of fines in relation to exports of European users’ data via Google Analytics which it found breach the bloc’s privacy rulebook owing to risks posed by US government surveillance. It has also warned other companies against use of Google’s tool. The fines — just over $1.1 million for Swedish telco Tele2 and less than $30k for local online retailer CDON — are notable as they are the first such fines following a…

As columns of mercenaries appeared to be moving towards Moscow, Russian President Vladimir Putin vowed to strike back hard against Yevgeny Prigozhin, leader of the mercenary Wagner Group, who has launched an assault on his own government. In remarks on Saturday morning from the Kremlin, Putin denounced Prigozhin’s “criminal adventure” as an “armed mutiny” that would be met with a response from regular Russian troops. “Any actions that split our nation are essentially a betrayal of our people, of our…

A Russian court has determined that Evan Gershkovich will remain in Moscow’s Lefortovo prison until August 30. The decision comes after the journalist appealed against the extention of a pre-trial detention. Gershkovich appeared in the courtroom in a transparent box. The Wall Street Journal reported that media outlets were only allowed in the courtroom for a short time. On May 23, a district court in Russia upheld a request from the Federal Security Service (FSB) to have the journalist’s detention…

WASHINGTON (Reuters) -U.S. President Joe Biden’s son Hunter Biden has agreed to plead guilty to two charges of willfully failing to pay income taxes. He will enter into an agreement that could enable him to avoid a conviction on a gun-related charge, according to a court filing on Tuesday. The federal charges against Hunter Biden resulted from an investigation by David Weiss, the U.S. attorney in the Democratic president’s home state of Delaware, who was appointed by Republican then-President Donald…

Do Kwon, the cryptocurrency boss behind the $40bn (£31.3bn) collapse of the terraUSD and Luna tokens, has been sentenced to four months of jail in Montenegro. Mr Kwon was found guilty of forging official documents. He was arrested in March as he tried to board a flight to Dubai at Podgorica Airport, in the country’s capital. Mr Kwon also faces charges in the US and South Korea over the collapse of the two digital tokens last year. The former finance…

Canada is freezing ties with the China-led Asian Infrastructure Investment Bank, or AIIB, while it probes allegations it is dominated by the Chinese Communist Party, Finance Minister Chrystia Freeland said on Wednesday. Freeland said she did not rule out any outcome of the investigation, a clear hint that Ottawa could pull out of a bank it officially joined in March 2018. The bank’s global communications director, a Canadian, said on Wednesday he had resigned and criticized the bank as “dominated…

  The European Commission has signalled it could be preparing to break up Google’s adtech business. Speaking during a press conference this afternoon, EU EVP Margrethe Vestager, the bloc’s competition chief and head of digital strategy, announced it has sent a formal statement of objections to Google for suspected anti-competitive conduct in its adtech business. If the Commission confirms its suspicions she said it is looking at breaking up Google’s adtech as the only viable solution to resolve what she…

WASHINGTON – The US expanded a ban on imports from China’s Xinjiang region, placing two more companies on its so-called entity list, the first additions since a law targeting forced labour in the area took effect a year ago. Printing and imaging company Ninestar Corp and eight of its subsidiaries, as well as Xinjiang Zhongtai Chemical, were added to the list “for working with the government of Xinjiang to recruit, transport, transfer, harbour or receive forced labour” involving Uighur and…

Reality Winner, the first person to be prosecuted in violation of the Espionage Act under the Trump administration, said she was “blown away” by the voluminous detail found in the 49-page indictment against the former president in the sprawling Mar-a-Lago documents scandal. The former intelligence contractor and Air Force linguist made the comments in a new interview with NBC broadcast Friday. In 2018, under the Trump administration, Winner pleaded guilty and was sentenced to five years and three months in prison after leaking a top-secret report on…

The top US securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major crypto exchange, in a dramatic escalation of a crackdown on the industry and one that could dramatically transform a market that has largely operated outside regulation. The US Securities and Exchange Commission (SEC) on Monday took aim at Binance, the world’s largest cryptocurrency exchange. The SEC accuses Binance and its CEO Changpeng Zhao of operating a “web of deception”. If…

ROME — Magistrates in Italy are probing former Leonardo and Fincantieri officials as part of an investigation into alleged corruption. Police removed computer files from the homes of ex-Leonardo CEO Alessandro Profumo and a former Italian Italian prime minister, Massimo D’Alema, and are probing former Fincantieri executive Giuseppe Giordo amid claims bribes were offered to Columbian officials to buy planes and ships. Gianluca Luongo, D’Alema’s lawyer told Defense News the men were accused of offering the bribes while seeking to…

A Florida man has pleaded guilty to importing and selling counterfeit Cisco networking equipment to various organizations, including education, government agencies, healthcare, and the military. The 39-year-old resident of Florida, Onur Aksoy, conducted the scheme through 19 companies formed in New Jersey and Florida and in several online storefronts, collectively known as ‘Pro Network Entities,’  Aksoy had a criminal complaint filed against him approximately a year ago, with the Department of Justice accusing him of running the counterfeit scheme between 2014…

ATLANTA – Mr Chris Licht, the former television producer who oversaw a brief and chaotic tenure as chairman of CNN, is out at the network. Mr Licht’s 13-month run at CNN was marked by one controversy after another, culminating in his exit earlier this week. He got off to a bumpy start even before he officially started when he oversaw the shuttering of the pricey CNN+ streaming service at the request of its network’s new owners, who were sceptical about…