The individuals behind the suspected £200 million Ponzi scheme, known as the 79th Group, have been declared bankrupt as part of ongoing efforts to recover lost investor funds. The bankruptcy
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Valereum Plc has announced a strategic partnership with DigiShares and ZIGChain to create an institutional-grade real-world asset tokenization platform, targeting the rapidly expanding $24 billion RWA market with initial focus on MENA and Latin American regions.
Chinese fast-fashion powerhouse Shein has strategically pivoted towards Hong Kong for its initial public offering, submitting a draft prospectus to the Hong Kong Stock Exchange whilst simultaneously seeking approval from
PwC has been fined £2.9 million for several breaches in its audit of Wyelands Bank, a defunct lender previously owned by metals magnate Sanjeev Gupta. The Financial Reporting Council (FRC)
A monumental error at one of America’s largest investment banks has raised fresh concerns over operational controls, as Citigroup accidentally credited a client’s account with $81 trillion instead of the
A former City fund analyst stands accused of orchestrating a sophisticated insider trading scheme that netted nearly £1 million through illegal trading activities. Redinel Korfuzi, 37, who worked as a
The Office for Nuclear Regulation (ONR) has lifted special measures on physical security at Sellafield, the world’s largest plutonium storage facility, whilst maintaining heightened scrutiny over its cybersecurity protocols. The
In a significant development for the UK gambling sector, online casino and sports betting operator Stake has announced its imminent withdrawal from the British market following a controversial marketing campaign
British financial regulators are poised to implement unprecedented oversight of technology firms providing essential services to UK banks, addressing mounting concerns over potential cyber-attacks and system failures that could destabilise
The aggressive marketing of weight-loss injections to British consumers has sparked significant concern amongst healthcare experts, who are witnessing what they describe as a “wild west” approach to pharmaceutical promotion.
The FTSE 100 gambling behemoth Entain has been dragged into legal proceedings by Australia’s financial crime watchdog over alleged “systemic failures” in its anti-money laundering protocols. The Australian Transaction Reports
Swedish financial technology giant Klarna has been slapped with a substantial £36 million fine by Sweden’s financial watchdog for failing to comply with anti-money laundering regulations. The Swedish Financial Supervisory
Apple’s ambitious plans to implement artificial intelligence features on iPhones in China have encountered significant regulatory hurdles, with Beijing officials signalling a complex approval process ahead for foreign companies operating
