Reported by: WILL KNIGHT LAST MONTH, THE Chinese ecommerce giant Alibaba revealed a powerful new cloud computing system designed for artificial intelligence projects. It is used by Alibaba’s cloud customers to train algorithms for tasks like chatbot dialogue and video analysis, and was built using hundreds of chips from US companies Intel and Nvidia. Last week, the US announced new export […]
Reported by: Thomas Brewster Verse, a European mobile payments provider owned by Jack Dorsey’s $50 billion fintech giant Block, has been told by its financial regulator to address concerns about money laundering and checks on the identities of users. If it doesn’t, it risks a penalty, including a fine, Forbes has learned. Acquired by Block in 2021, […]
Reported by: Noele Illien, Dan McCrum, Victor Mallet and Leila Abboud Leonteq (LEON.S) on Wednesday dismissed a media report alleging suspicious trading at the Swiss fintech company potentially related to tax evasion or money laundering by clients. The company, which offers structured investment products, said internal and external investigations had found no evidence to support the allegations […]
Financial Crime News Briefs 