EU watchdog tells top credit raters to review CLO controls
European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON,...
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Binance might be peak for U.S. crypto enforcement cases, says CFTC official
Representations of cryptocurrencies are seen in front of displayed Binance logo in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration/File...
Swiss Banque Pictet pays $123 mln for helping clients evade US taxes
The word "taxes" is seen engraved at the headquarters of the Internal Revenue Service (IRS) in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Dec 4 (Reuters) - Swiss private bank Banque Pictet has admitted to helping U.S. taxpayers hide more than $5.6 billion from the Internal Revenue Service (IRS) and has entered into a deferred prosecution agreement with the Justice Department, federal prosecutors said on Monday.According to prosecutors, U.S. taxpayers with Pictet accounts in Switzerland and elsewhere evaded about $50.6 million in taxes between...
MPs cool on UK CBDC prospects
A House of Commons committee has cast doubt on the value of a UK central bank digital currency, saying any...
Portugal’s president to allow caretaker government to pursue projects with EU funds
Portugal's President Marcelo Rebelo de Sousa addresses the 78th Session of the U.N. General Assembly in New York City, U.S.,...
Indicted Republican lawmaker George Santos expelled from US House
WASHINGTON, Dec 1 (Reuters) - Indicted Republican George Santos' brief career in the U.S. House of Representatives came to an end on Friday, when fellow lawmakers voted to expel him over criminal corruption charges and accusations of misspending campaign money.The House voted 311-114 to immediately remove the controversial freshman lawmaker, above the two-thirds majority required to oust one of its own.Besieged by revelations of lies about his past, a federal criminal indictment and a congressional ethics probe, Santos, 35, became only the sixth member to be expelled from the House....
Spain arrests a man wanted by US over North Korea crypto conspiracy
MADRID, Dec 1 (Reuters) - Spanish police said on Friday they detained a Spaniard wanted by the United States for...
Russian court rules in favour of VTB Bank’s $122 mln claim from former European subsidiary
This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Dec 1 (Reuters)...
Blockchain Bites: 29% UK Fund Managers to tokenize in the next 1-5 years, National Anti-Scam Centre efforts start to show results, Aragon DAO fuels legal battle over token distribution, OFAC: Sinbad mixer is bad and a sin, Santander welcomes clients into the crypto fold
UK Fund Managers to tokenize in the next 1-5 years A report from the UK Investment Association has found that...
New EU rules for consumer credit markets
The Consumer Credit Directive (Directive 2008/48/EC, “CCD1”)1 was published in 2008 to set out the legal framework for the consumer...
