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Robinhood faces $35mn fine from New York DFS

The renegade trading platform, Robinhood, which was central to the GameStop shares frenzy earlier this year, faces a US$35mn fine from New York financial regulators. The company’s crypto division was issued with a wrist slap in 2020, following the red flagging of several “matters… Read More

Biden says ‘just the beginning’ on Cuba sanctions for crackdown on protests

U.S. President Joe Biden said on Thursday that new U.S. sanctions on Cuba target those responsible for a crackdown on protesters and that they are only the first step in the American response. “I unequivocally condemn the mass detentions and sham trials that are unjustly sentencing to prison those who… Read More

Singapore: Man allegedly helped his firm evade about $1.8m in GST, gave false replies to Iras auditors

A 35-year-old man allegedly assisted his company in evading a total of about $1.8 million in goods and services tax (GST) over a period of four years. Lau Zhen Zhou, who is the sole shareholder and director of Safety Marine Management, was charged on Friday (July 23) with 20 counts… Read More