In a move that has sent ripples through the cryptocurrency market, Arthur Hayes, co-founder of BitMEX, recently liquidated approximately $13 million in digital assets, including Ethereum (ETH), Ethena (ENA), and Pepe (PEPE), converting them into the stablecoin USDC. This significant transaction has
In a financial landscape increasingly shaped by fluctuating interest rates, Singapore’s Oversea-Chinese Banking Corporation (OCBC) has reported a notable 7% decline in net profit for the second quarter, amounting to S$1.82 billion, or roughly $1.4 billion. This downturn, announced on August 4,
In a groundbreaking development that has sent ripples through the UK financial sector, the Supreme Court's recent ruling on car finance commissions has fundamentally altered the risk landscape for lenders, insurers, and investors alike, reshaping strategies and priorities. This landmark decision,
In a staggering financial scandal that has rocked Singapore, a $3 billion money laundering case has unveiled deep ties to the legal sector, raising critical questions about the role of law firms in facilitating illicit transactions. This unprecedented case, one of the largest of its kind in the
In an era where financial markets are becoming increasingly intricate due to the rise of digital assets, algorithmic trading, and evolving compliance demands, the U.S. Securities and Exchange Commission (SEC) has made a groundbreaking move by establishing its AI Task Force, announced on August 1 of
In an era where financial crime is becoming increasingly sophisticated, wealth management firms face mounting pressure to overhaul their Anti-Money Laundering (AML) compliance strategies, as regulatory bodies worldwide tighten scrutiny. They are demanding that these firms move beyond outdated
