Financial

A Nigerian businessman was sentenced to three years and six months imprisonment for money laundering in the United Kingdom. He was also disqualified from being a company director for six years.

https://www.pmnewsnigeria.com/2018/01/17/nigerian-oil-tycoon-wagbatsoma-jailed-uk-money-laundering/

Money muling is a form of money laundering in which fraudsters con victims into allowing them to use their bank accounts to move cash around - with victims generally agreeing to it on the promise that they get to keep some of the money.

http://www.ladbible.com/technology/technology-money-muling-the-latest-scam-sweeping-university-students-20180116

Following the news of Airbnb’s initial public offering (IPO) fraudsters claiming to be from Swiss Bank UBS are trying to trick victims into investing in Airbnb stocks and shares.

https://www.actionfraud.police.uk/news/ubs-fraudsters-offering-fake-shares-in-airbnb-jan18

Compliance experts warn that regulator still has appetite for issuing fines.

https://www.insuranceage.co.uk/regulation/3217941/fca-fines-totalled-ps2295m-in-2017

The Wall Street boss was one of the most high-profile critics of the digital currency

http://www.coventrytelegraph.net/news/uk-world-news/ripple-xrp-cryptocurrency-price-14134537

JPMorgan CEO Jamie Dimon regrets calling bitcoin a "fraud" but added that he still was not interested in the cryptocurrency at all

http://uk.businessinsider.com/bitcoin-price-jamie-dimon-regrets-calling-it-a-fraud-2018-1

Despite its shortcomings, all signs point to the long-term survival of cryptocurrency albeit with significant regulation in free market democracies.

http://acfeinsights.squarespace.com/acfe-insights/2018/1/8/cryptocurrency-in-2018-cautiously-embracing-the-future

HM Treasury has today announced the appointment of Charles Randell CBE as the new Chair of the Financial Conduct Authority (FCA).

https://www.fca.org.uk/news/press-releases/charles-randell-appointed-new-chair-fca

That climb was marked by extreme volatility, multiple splits in its network, and naysayers who derided it as a fraud and toy for criminals.

http://uk.businessinsider.com/bitcoin-price-in-2017-review-2017-12

The High Court has been hearing a £600m claim, brought by over 5000 investors, against Lloyds Bank and five former directors, seeking compensation for huge losses incurred during the financial crisis.

https://www.ftadviser.com/regulation/2018/01/03/the-short-arm-of-the-law/