Tagged: non compliance

Binance Nigeria Ltd Is Neither Registered, Nor Regulated by the Securities and Exchange Commission in Nigeria, Regulator Warns

June 11, 2023 @ 12:11 pm By Omar Faridi |

The attention of the Securities and Exchange Commission (the Commission) in Nigeria has been drawn to the website operated by Binance Nigeria Limited, “soliciting the Nigerian public to trade crypto assets on its various web and mobile-enabled platforms.” Binance Nigeria Limited is “neither registered nor… Read More

Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged binance, Crypto Regulations, crypto trading, crypto-assets, digital assets, digital currencies, illegal activities, nigeria, non compliance, securities and exchange commission, united states, us, virtual currency

Australia’s Westpac Penalized $113M After Several Major ASIC Legal Actions

April 26, 2022 @ 8:11 pm By Omar Faridi |

The Federal Court in Australia has reportedly ordered Westpac to pay penalties in the amount of $113 million “for widespread compliance failures across multiple businesses, including Westpac’s banking, superannuation, wealth management and insurance brands.” Justice Beach recently handed down his decision “in the last of… Read More

Read more in: Fintech, Global, Politics, Legal & Regulation | Tagged asic, australia, banking, financial services, fine, non compliance, penalties, sarah court, westpac