In an unprecedented upheaval that has sent shockwaves through global financial markets, Bitcoin has tumbled below the $90,000 mark in the wake of a record-breaking $1.5 billion crypto heist. This staggering breach, which stands as the largest of its kind in cryptocurrency history, has shaken investor confidence and reignited concerns about the security and stability
An Australian court has ruled against a forex trader, finding their conduct unconscionable in relation to misleading trading practices and market manipulation. The landmark decision by the Federal Court underscores the ongoing regulatory crackdown on unethical behavior in financial markets. The case, brought forward by the Australian Securities and Investments Commission (ASIC), alleged that the
South African Banks’ Forex Revenues Under Scrutiny South Africa’s major banks are facing heightened regulatory scrutiny over their foreign exchange (forex) trading revenues, as authorities investigate potential misconduct and market manipulation. The Financial Sector Conduct Authority (FSCA) has launched a probe into whether banks engaged in anti-competitive behavior or failed to maintain transparency in forex
Deutsche Bank has been hit with a €10 million fine by Spain’s financial regulator, the Comisión Nacional del Mercado de Valores (CNMV), over serious compliance failures related to its anti-money laundering (AML) and financial transparency obligations. The penalty underscores increasing regulatory scrutiny on major financial institutions amid global efforts to combat illicit financial activities and