Gambling firm In Touch fined over £6m for failing to protect vulnerable customers and money laundering breaches BAD BET In Touch Games has been fined £6.1m for social responsibility and money laundering failings by the Gambling Commission. The gambling firm, which operates 11 websites including bonusboss.co.uk, cashmo.co.uk, drslot.co.uk, jammymonkey.com and slotfactory.com, was charged over not having appropriate policies, procedures and controls in place and not sufficiently considering or implementing the regulator’s money laundering and [...]
Fortnite fined over £420m as video game makers face regulation GAME ON Makers of videogame Fortnite have been fined a record $520m (£428m) by the US’s Federal Trade Commission (FTC). The fine is a two part penalty for Epic Games, the video game company behind Fortnite. The company was fined for tricking players into making in-game purchases and for storing children’s data without parental consent. The penalty [...]
Prince Harry’s police protection row with Home Office heads for judicial review prince harry Prince Harry has won the right to a judicial review of the decision not to give him automatic police protection when he and his family visit the UK.
Glencore pays $1bn settlement to US authorities after admitting bribery in UK court May 24, 2022 Commodity trader Glencore has agreed to pay more than $1bn to US and Brazilian authorities to settle corruption investigations, after indicating it will plea guilty to bribery charges in the UK. Glencore said it will pay a combined sum of $1.06bn to the US Department of Justice (DoJ) and Commodity Futures Trading Commission (CFTC), and [...]
Ali Harbi Ali found guilty of murdering Sir David Amess April 11, 2022 A 26-year-old man labelled a "fanatical terrorist" has been found guilty of murdering the MP Sir David Amess.
Ex-Deutsche Bank traders have Libor convictions overturned January 28, 2022 A US court has thrown out convictions of two former Deutsche Bank traders for rigging Libor, a key financial benchmark.
Ghislaine Maxwell trial: Appeal launched after British socialite is convicted for luring minors to massage rooms for Jeffrey Epstein to molest December 30, 2021 Following Ghislaine Maxwell’s conviction, last night, for luring young girls to massage rooms for disgraced financier Jeffrey Epstein to molest, the family of the British socialite has said they plan to commence the appeal process. The 60-year-old, who was labelled “dangerous” by the prosecution during her three-week trial, helped entice vulnerable teenagers to Epstein’s various [...]
Covid-19: Self-isolation period cut from 10 days to seven with negative result December 22, 2021 People self-isolating with Covid in England can now end their quarantine three days early as long as they receive two negative test results, the health secretary has announced. Under previous rules, people had to self-isolate for a full 10 days if they were infected with Covid-19. Now they can curtail that period by producing negative [...]
London forex trading boss fined for unauthorised WhatsApp investment advice March 26, 2021 The High Court has fined the boss of a Bow-based forex trading business after it provided unauthorised investment advice to customers via WhatsApp. Mohammed Fuaath Haja Maideen Maricar was ordered to pay restitution in excess of £530,000. The recovered fund will be distributed customers. The court found 24HR Trading, an unregulated firm, unlawfully provided trading [...]
Odey Asset Management loses tax battle with HMRC over executive pay March 22, 2021 Crispin Odey’s hedge fund Odey Asset Management has lost a tax battle with HMRC that could leave current and former executives on the hook for additional tax bills. The firm and 17 executives have been embroiled in litigation with HMRC over a partnership pay plan than ran between tax years 2011-12 and 2016-16. According [...]