legal

Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability. For example, an apartment lease legally binds the lessor and the lessee.

Australia’s Biggest Casino Operator Accused of Breaching Money Laundering Laws
Australia’s Biggest Casino Operator Accused of Breaching Money Laundering Laws
March 01, 2022  |  AML

Crown Resorts, Australia’s largest casino operator, is accused of violating money-laundering mandates in a lawsuit filed by the country’s financial watchdog in federal court on...

READ MORE >
CFPB Wants to Put Brakes on Illegal Repos
CFPB Wants to Put Brakes on Illegal Repos
February 28, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) issued a compliance bulletin Monday (Feb. 28) aimed at halting illegal car repossessions. The agency says its investigation revealed...

READ MORE >
BitConnect Fraud Indictment Highlights the ICO Era Driving Crypto Enforcement Today
BitConnect Fraud Indictment Highlights the ICO Era Driving Crypto Enforcement Today
February 28, 2022  |  Security & Fraud

A federal grand jury in San Diego indicted the founder of the BitConnect crypto investment platform on a variety of fraud, unlicensed money transmitting and...

READ MORE >
EU Data Law Proposal Could Radically Change Blockchain Smart Contracts
EU Data Law Proposal Could Radically Change Blockchain Smart Contracts
February 28, 2022  |  Blockchain

A draft of the European Union Data Act would require a smart contract kill switch that could have a profound effect on the use, and...

READ MORE >
Today in Crypto: Ukraine Gets $10M in Crypto Donations; US DOJ Charges BitConnect Founder in Connection to $2.4B Scam
Today in Crypto: Ukraine Gets $10M in Crypto Donations; US DOJ Charges BitConnect Founder in...
February 27, 2022  |  Cryptocurrency

The swift recovery of bitcoin from its lows has seen some investors happy for a potential rebound, CoinDesk reported Friday (Feb. 25). According to the...

READ MORE >
Crypto Exchange BitMEX Founders Plead Guilty After Failing to Establish AML Rules
Crypto Exchange BitMEX Founders Plead Guilty After Failing to Establish AML Rules
February 25, 2022  |  Legal

Founders of cryptocurrency exchange BitMEX have pleaded guilty to violating bank secrecy regulations by failing to establish an anti-money laundering (AML) program, the U.S. Attorney’s...

READ MORE >
UnitedHealth Group’s $13B Acquisition of Change Healthcare in DOJ Crosshairs
UnitedHealth Group’s $13B Acquisition of Change Healthcare in DOJ Crosshairs
February 24, 2022  |  Acquisitions

The U.S. Justice Department on Thursday (Feb. 24) filed a lawsuit in U.S. District Court for the District of Columbia to block UnitedHealth Group subsidiary...

READ MORE >
China’s Zhejiang Province Hikes Electric Rates for Crypto Miners
China’s Zhejiang Province Hikes Electric Rates for Crypto Miners
February 23, 2022  |  Cryptocurrency

The Chinese province of Zhejiang’s branch of the National Development and Reform Commission (NDRC) has said it will introduce punitive electricity prices for crypto miners,...

READ MORE >
Nigeria Seeks $1.7B From JP Morgan Over ‘Gross Negligence’
Nigeria Seeks $1.7B From JP Morgan Over ‘Gross Negligence’
February 23, 2022  |  Legal

Nigeria said JPMorgan was “grossly negligent” in transferring funds to the country’s disgraced former oil minister, and is suing the firm for $1.7 billion. The...

READ MORE >