Silvergate Bank agreed to pay $63 million to settle state and federal investigations following the collapse of crypto exchange FTX.
Legal & Regulatory
Mexico's Sinaloa Drug Cartel Members Found Citi ‘Favorable’ for Money Laundering: Report
US officials said that drug traffickers for Mexico's Sinaloa cartel chose to launder money through Citi.
Cannabis Businesses Fail to Win Lawsuit Challenging US Marijuana Ban
A federal judge has dismissed a lawsuit filed by several Massachusetts cannabis businesses seeking to challenge the existing federal prohibition on marijuana.
Joe Biden Administration Can’t Pause New LNG Export Approvals, Judge Rules
A federal judge in Louisiana has blocked the administration of President Joe Biden from pausing the approvals of liquefied natural gas (LNG) export applications.
Lab-Grown Meat Firm Upside Foods Cuts Jobs Due to Regulatory, Financial Woes
Upside Foods announced that they were letting go of 26 of its staff and restructuring its executive and leadership teams to delegate processes more directly to staff due to legislative, regulatory, and financial issues.
Latest News
Thames Water, Britain's largest water supplier, faces investigation after approving a £150 million ($198 million) dividend despite losing £500 million in pledged funding and debts.
The European Commission alleged that Meta violated digital laws under the Digital Markets Act (DMA) with its subscription-based ad-free model, and $13.5 billion in fines could be imposed.
Activists and the Information Commissioner's Office criticized the Environment Agency of England for refusing to disclose potential conflicts of interest among its directors related to water companies.
Australia is the first country to implement the toughest anti-vaping laws, requiring a doctor's prescription to purchase nicotine vapes from pharmacies in limited flavors to curb nicotine use.
An 83-year-old Colorado man was found guilty in the brutal killings of his wife and disabled daughter after he lost his job.
Two New York City men are facing money laundering charges following a traffic stop in Illinois that uncovered $250,000 hidden under their car's carpet.
The US Food and Drug Administration (FDA) has announced the recall of 135 batches of potassium chloride extended-release capsules due to potential risks of cardiac arrest.
An unexpected twist has emerged in the case of Joseph Stancak, a reclusive 87-year-old man in Chicago who left behind an $11 million fortune.
A California law requiring credit card networks to provide banks with special retail codes that could be assigned to gun stores to track their sales is set to be implemented on July 1.
