Articles with tag: ftc

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Deutsche Bank enters settlement with CFTC for data reporting and spoofing cases

22 Jun 2020 | Payments General

Deutsche Bank has entered a settlement with the US Commodity Futures Trading Commission (CFTC) over allegations of market manipulation and violations in swap data reporting, resulting in a penalty of more than USD 10 million.

Deutsche Bank, DB, data, spoofing, US, Commodity Futures Trading Commission, CFTC, Germany, Deutsche Bank Securities, Tokyo, DBSI

Danske Bank selects Behavox technology for compliance supervision

04 Jun 2020 | Online & Mobile Banking

Denmark-based Danske Bank has  selected US-based Behavox, an AI-based end-to-end data operating platform, for electronic and audio communication compliance supervision.

Danske Bank, banks, Denmark, Behavox, risk management, US, Ai, data, machine learning, FCA, FINRA, CFTC, Dodd-Frank, MAR, FCPA, SMR, MiDID II

First Data to pay almost USD 40 mln to settle FTC charges

20 May 2020 | Digital Identity, Security & Online Fraud

Fiserv's First Data Merchant Services has announced it will pay nearly USD 40.3 million to settle US civil charges.

Fiserv, First Data, payments, FTC, charges, merchants, fraud, FTC, trade, credit cards, transactions, scam, risks, criminal prosecution, federal crime, accounts

FTC, FDA continues efforts to protect consumers from deceptive advertising around coronavirus

13 Mar 2020 | Digital Identity, Security & Online Fraud

The Federal Trade Commission and US Food and Drug Administration (FDA) have sent warning letters to seven companies allegedly selling unapproved products that may violate federal law by making deceptive or scientifically unsupported claims about their ability to treat coronavirus (COVID-19).

deceptive advertising, coronavirus, FTC, FDA, fraud prevention, US

Facebook to pay USD 5 bln to settle Cambridge Analytica misuse of data

25 Jul 2019 | Digital Identity, Security & Online Fraud

The US Federal Trade Commission (FTC) has announced that Facebook will pay a record USD 5 billion fine to settle privacy concerns.

US Federal Trade Commission, FTC, Facebook, data privacy, online security, facial recognition, Facebook scandal,

Allied Wallets USD 110 mln fraud charges settled with FTC

10 Jun 2019 | Digital Identity, Security & Online Fraud

A report by the Financial Times has revealed that Allied Wallet settled with the Federal Trade Commission (FTC) over fraud and money laundering charges.

Allied Wallet, FTC, fraud, charges, Federal Trade Commission, online payments, ML, AML, pyramid schemes, illegal, debt collection, merchants, financial system, regulations, acquirer, transactions

Are BigTechs competing fairly - US antitrust enforcers analyse

06 Jun 2019 | Ecommerce

The Federal Trade Commission (FTC) and the Department of Justice have divided oversight over Alphabet’s Google, Facebook, Apple, and Amazon to investigate whether they compete fairly.

Federal Trade Commission, FTC, Alphabet, Google, Facebook, Apple, and Amazon, antitrust, monopoly

Facebook discusses with CFTC about GlobalCoin

03 Jun 2019 | Cryptocurrencies

Facebook has started a discussion with the US Commodity and Futures Trading Commission (CFTC) over GlobalCoin.

Facebook, stablecoin, remittances, money transfers, blockchain, GlobalCoin, CFTC

Türk Eximbank receives USD 380.5 mln loan under IFTC tutelage

21 Feb 2019 | E-invoicing, SCF & E-procurement

Türk Eximbank has received a loan of USD 380.5 million from a banking consortium pertaining to the International Islamic Trade Finance Corporation.

Türk Eximbank, International Islamic Trade Finance Corporation, interest free loan, trade finance lending, IFTC, Turkey, Middle East, EMEA

CFTC orders crypto trader to pay over USD 1.1 mln for Bitcoin fraud

13 Nov 2018 | Cryptocurrencies

The Commodity Futures Trading Commission (CFTC) has accused Joseph Kim of a fraudulent Bitcoin and Litecoin scheme and required him to pay more than USD 1.1 million.

Bitcoin, Litecoin, cryptocurrency, fraud, Bitcoin fraud, Commodity Futures Trading Commission, CFTC