Julian Assange arrested, charged with conspiracy computer hacking

15 April 2019

After more than 7 years, Julian Assange (Wikileaks co-founder) stay at the Ecuadorian embassy in London ends. With the cooperation from Ecuador, where Assange had sought political refuge, London police arrested Assange. The London police took Assange into custody for failing to surrender to a warrant, that was issued by the Westminster Magistrates’ Court, back in 2012. according to the Associated Press, Assanges arrest was also related to a United States (US) extradition warrant. The US charged Assange with conspiracy to commit computer hacking for his ‘alleged role in one of the largest compromises of classified information in the history of the United States’.
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Former NHS manager fined for sending personal data to her email account

12 April 2019

A former GP practice manager has been fined for sending personal data to her own email account without authorisation, following an investigation by the Information Commissioner’s Office (ICO). Shamim Sadiq worked at Hollybrook Medical Centre in Littleover, Derby, but was suspended on 3 November 2017 for unrelated matters and dismissed later that month.
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Photo: https://pixabay.com

Federal Reserve Board announces changes to its Payment System Risk Policy regarding intraday credit to U.S. branches and agencies of foreign banking organizations

11 April 2019

The Federal Reserve Board (FRB) published a final rule implementing policy changes to procedures governing the provision of intraday credit to U.S. branches and agencies of foreign banking organizations (FBOs). The changes are intended to refine the methods for determining the level of intraday credit that these branches and agencies can receive from the Federal Reserve Banks.
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SEC Charges Transportation Company Executives With Accounting Fraud

09 April 2019

The Securities and Exchange Commission charged the former CFO and two former employees of a publicly traded transportation company with fraud for manipulating the company’s financial results in order to meet earnings targets and projections. The SEC alleges that Peter Armbruster, the former CFO of Roadrunner Transportation Systems Inc., hid incurred expenses by improperly deferring and spreading them across multiple quarters to minimize their impact on Roadrunner’s net earnings. Armbruster then allegedly manipulated certain reductions to liabilities, creating an income “cushion” that could be accessed in future quarters to offset expenses. 

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Claims management companies enter FCA regulation

08 April 2019

The Financial Conduct Authority (FCA) begins regulating the claims management industry from 1 April. All claims management companies (CMCs) in England, Scotland and Wales will now have to demonstrate they meet and maintain minimum standards set by the FCA. All existing and new CMCs will need to apply to the FCA for authorisation. More than 900 CMCs have registered for ‘temporary permission’ to continue operating while they go through the FCA authorisation process.
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