How RegTech can help correspondent banking make a comeback
The news that Western Union is suspending its services in Afghanistan due to the ongoing instability in the country is just one more blow to […]
Regulation
Natwest bank faces money laundering charges in criminal case
The Financial Conduct Authority (FCA) has now initiated criminal proceedings against Natwest bank, following accusations that it has failed to comply with money laundering regulations. […]
TikTok announces $92 million settlement in class-action lawsuit
Following a lawsuit, TikTok has agreed to pay out $92 million in settlements to American users. The class-action lawsuits accuse the platform of violating the […]
High number of fake Amazon reviews still being sold online
According to a report by the consumer group Which?, there are still many websites selling fake Amazon reviews in bulk to businesses and sellers. Fake […]
The new online gambling restrictions in the UK
Following calls for further restrictions on the gambling industry in the UK, the Gambling Commission has announced tough new legislation to make online casinos safer. […]
Ten US states start lawsuit against Google
Tech giant Google has been under a lot of pressure from global regulators recently, which includes a number of legal complaints and lawsuits against the […]
FTC launches a crackdown on online scams
Since the start of the pandemic, there’s been a surge in the number of money-making schemes and online scams. The economic hardship faced by people […]
California court rules against Uber and Lyft in driver classification case
According to a decision from the California court of Appeals, Lyft and Uber must class their drivers as employees going forward, rather than contractors. This […]
How Facebook plans to help creators protect their content online
In light of the recent privacy breaches, the Cambridge Analytica scandal, and other controversies, Facebook is taking steps to win back the trust of consumers, […]
US TikTok and WeChat restrictions to start today
The US Department of Commerce has introduced legislation restricting TikTok and WeChat as of today. This follows President Trump’s executive orders, which were signed in […]