Misconduct | Certain Risk

Photograph of US fifty dollar bill with a DOGE crypto coin atop it.

California Fines Crypto-Lending Platform without State License

California’s Department of Financial Protection and Innovation (DFPI) fined crypto lending platform Nexo Capital Inc. $500,000, alleging the company made crypto-backed consumer and commercial loans to Californians without the required state license.

Lisbon Web Summit, Altice booth. — Image: “Lisbon Web Summit 2017” by Carlos Rodrigues / Web Summit, via Flickr, licensed under CC BY 2.0. Image has been edited from the original.

French Raids Escalate Probe in Altice Fraud and Money-Laundering Allegations

French investigators have stepped up their probe into alleged corruption at Patrick Drahi’s Altice telecoms group with a series of coordinated raids across the country, seizing cash, luxury goods and other assets, Bloomberg reported.

“Westpac House, Adelaide” by DaDogeDude, edited (crop/contrast) by Certain Risk, licensed under CC BY-SA 4.0. Source: Wikimedia Commons. License: https://creativecommons.org/licenses/by-sa/4.0/

Westpac Hit with A$20-Million Fine over Home‑Loan Violations

Australia’s Federal Court has ordered Westpac’s mortgage brand RAMS Financial Group to pay A$20 million (about US$13 million) after finding widespread breaches in the way it arranged home loans, including approvals supported by falsified pay slips, Reuters said.