Deutsche Bank Raided Over Late Filing of Anti Money-Laundering Report

Fourth EstateDeutsche Bank Twin Towers as seen from South-East Frankfurt am Main

Investigators from Frankfurt’s public prosecutor’s office searched the offices of Germany’s largest lender Deutsche Bank on Friday, focusing on the bank’s anti-money laundering efforts. Officers from the BKA federal police, the financial watchdog BaFin and the prosecutor’s office in Frankfurt …

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EU Watchdog Eyes Crackdown on Misleading Ads for Online Financial Services

Fourth EstateThe European Securities and Markets Authority (ESMA),

The European Union’s securities watchdog proposed on Friday that regulators should have more powers to scrutinize financial services to protect retail investors from misleading marketing strategies. The European Securities and Markets Authority (ESMA) gave recommendations to the EU’s executive European …

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Shanghai Cracks Down Rumors On Extended Lockdown

Shanghai cyber watchdogs said they would subdue rumors online about the city’s extended COVID-19 lockdown. Shanghai office of the Cyberspace Administration of China said people have been spreading rumors on the messaging application WeChat, accusing the armed police of taking …

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European Union Parliament Pushes to Regulate Crypto Transfers

Fourth EstateCryptocurrency Chart on Mobile Device - Jeremy Bezanger

The European Union is set to vote on adding regulations on digital assets to an anti-money laundering scheme, a move that would make transferring cryptocurrency funds tougher. The proposal, first put forward last year by the EU’s executive European Commission, …

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Australian Regulator Sues Facebook Over Alleged “False, Misleading or Deceptive Conduct” in Advertising

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An Australian regulator has commenced legal action against Facebook’s parent company Meta, alleging that the tech company engaged in “false, misleading or deceptive conduct” by knowingly hosting advertising for bogus cryptocurrencies. Meta faces financial and other penalties. The Australian Competition …

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Youtube to Be Blocked in Russia

Russian state media regulator Roskomnadzor will reportedly block Youtube locally for allowing threats against Russians to be published on their platform. Roskomnadzor recently asked Google to stop spreading videos calling for the disruption of railway communications in Russia and Belarus. …

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UK Media Regulator Opens 15 Investigations into RT News Channel

Office of Communications (Ofcom), the media regulator in the United Kingdom, launched 15 separate investigations into Russian state-backed news channel RT’s coverage of the war in Ukraine. Ofcom will examine if the English-language channel, formerly known as Russia Today, has …

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EU, US Regulators Warn Banks of Possible Russian Cyberattack

The European Central Bank has prepared banks for a possible Russian-sponsored cyber attack as tensions with Ukraine continue to rise. According to reports, the European Central Bank, led by former French minister Christine Lagarde and has oversight of Europe’s biggest …

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