Reported by Annabelle Spranklen So why has art become such a worthwhile investment? Last year we saw technology stocks dwindling, ailing blue-chip stocks and crypto plummeting. The art market, however, was alive and kicking. Annual returns received from UHNWs art investments in 2022 were at 29 per cent and the top item purchased by UHNIs in 2022 was […]
Reported by Joseph Menn An exiled Chinese tycoon indicted in New York earlier this month in a billion-dollar fraud case controls the conservative social media platform Gettr and used it to promote cryptocurrencies and propaganda, former employees have told The Washington Post. They said the arrested expatriate, Guo Wengui, and his longtime money manager, William […]
Reported by Gabrielle Fonrouge and Dan Mangan A former fugitive in the securities fraud case involving a New Jerseydeli company once valued at $100 million renounced his U.S. citizenship in 2019, prosecutors revealed Thursday as they asked a judge to deny him bail. Peter Coker Jr. “poses a serious risk of flight, and … there are no conditions or combination thereof that […]
Reported by Marianna Parraga CARACAS, March 25 (Reuters) – An expanding anti-corruption probe in Venezuela has led to the detention of 10 officials and 11 businessmen, the country’s attorney general said on Saturday, adding that arrest warrants for 11 more people have been issued. The investigation, which began in October, is focused on state oil […]
Reported by Dana Kennedy On Monday, the Grammy-winning Pras Michel, 50, goes on trial in a Washington, DC, federal court as a key figure in a complex, multi-billion dollar global finance and political influence conspiracy involving two foreign nationals: Jho Low, a flashy Malaysian billionaire with ties to China, and Guo Wengui, the exiled Chinese […]
Reported by Thomas Georges The bipartisan Corporate Transparency Act (CTA), which requires anonymous companies and other entities registered in the U.S. to report identifying information on their true, “beneficial” owners, is under serious threat of being weakened by a combination of flawed rulemakings and a draft information intake formreleased by Treasury that could make reporting functionally optional under […]
Reported by Steven Stradbrooke Coinbase (NASDAQ: COIN) says it has been warned by the U.S. Securities and Exchange Commission (SEC) to expect imminent legal action for violating federal securities laws. On Wednesday, Coinbase disclosed that it had received a Wells notice from SEC staff regarding a “preliminary determination” that the regulator should “file an enforcement action” against the digital asset […]
Reported by Rohan Goswami and MacKenzie Sigalos Shares of Jack Dorsey’s Block plunged 16% after short seller Hindenburg Research announced Thursday that the payment company was its latest short position, alleging that Block allowed criminal activity to operate with lax controls and “highly” inflates Cash App’s transacting value user base, a key metric of performance. […]
Reported by Harshini 10 use cases of ChatGPT applications in banking are listed here, along with additional information When it comes to implementing cutting-edge technology to improve customer service and comply with regulations, banks frequently lead the way. Banks can now use generative language tools like ChatGPT to increase productivity, streamline operations, and enhance their services thanks […]
Reported by Harshini 10 use cases of ChatGPT applications in banking are listed here, along with additional information When it comes to implementing cutting-edge technology to improve customer service and comply with regulations, banks frequently lead the way. Banks can now use generative language tools like ChatGPT to increase productivity, streamline operations, and enhance their services thanks […]
Financial Crime News Briefs 