Criminals using artificial intelligence could smash through the systems and controls of many crypto businesses planning to apply for authorization under the Financial Conduct Authority's crypto regime in the six-month window that starts Wednesday, lawyers have warned.
Criminals using artificial intelligence could smash through the systems and controls of many crypto businesses planning to apply for authorization under the Financial Conduct Authority's crypto regime in the six-month window that starts Wednesday, lawyers have warned.
More than 1,000 investors have joined a group action case accusing Binance of illegally selling them high-risk derivatives products, increasing the value of the claim to £250 million ($331 million), their lawyers said Tuesday.
Julius Baer must hold at least 250 million Swiss francs ($300 million) in additional capital and obtain regulatory approval for payments to shareholders after Switzerland's financial regulator found Tuesday that the bank breached risk management and anti-money-laundering requirements.
The former owner of Market Financial Solutions has denied siphoning off £1.3 billion ($1.7 billion) from the property finance business, blaming Barclays for its collapse.
A paralegal has lost his bid to revive discrimination claims against the Financial Ombudsman Service and a recruitment agency, after a tribunal found he missed the deadline to appeal by six days.
