by Jyotsna Bucktowar | Aug 16, 2024
PwC encountered significant issues throughout their 2016 audit of LCF. A senior individual at LCF acted aggressively towards auditors, and the firm provided PwC with inaccurate and misleading information. PwC found the audit very complex, and it took considerably...
by Jyotsna Bucktowar | Jul 25, 2024
FCA fined CB Payments Limited, a London-based affiliate of Coinbase, £3.5m for repeatedly violating restrictions on serving high-risk customers. CBPL does not handle cryptocurrency transactions directly, it acts as a gateway for trades conducted through other...
by AdrianaAMLP | Apr 3, 2024
Recent investigation found that enhanced customer due diligence and know your customer triggers were ineffective at managing money laundering risk and that the company was failing to undertake financial sanctions checks on new customers prior to their first...
by Jyotsna Bucktowar | Feb 27, 2024
The Isle of Man’s Financial Services Authority (FSA) issued the £1,440,481 fine after the bank breached the AML/CTF Code 2015. The fine amount has been subsequently reduced to £1,008,337. The FSA found that RBSI was unable to demonstrate that its up-to-date Customer...
by Jyotsna Bucktowar | Jan 16, 2024
Gamesys Operations Limited which operates 12 websites including ballycasino.co.uk, doublebubblebingo.com and jackpotjoy.com will also have to undergo a third-party audit to ensure it is effectively implementing its AML and safer gambling policies, procedures and...
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