Pieter Lakeman | FinTelegram News

Tag: Pieter Lakeman

May 30, 2024

The ING Legacy: Why Ralph Hamers is Not the Right CEO for Julius Baer After All!

Julius Baer has recently taken significant steps to emerge from a crisis. The Swiss bank made headlines due to the collapse of Rene Benko's Signa Group, resulting in a reported loss of approximately CHF 586 million ($679 million). This incident has already tarnished its reputation. Now, Julius Baer is on the hunt for a new CEO, and former UBS and ING CEO Ralph Hamers is reportedly in the running. However, given his controversial past, Hamers may not be the right person for the job.

December 13, 2020

Money Laundering Challenge – UBS CEO Ralph Hamers struggles with his ING and Payvision legacy

Ralph Hamers has only been the new CEO of Swiss UBS for a few weeks. For a few days now, he has been struggling to survive in his new job. An old money-laundering scandal of the ING came up again. The bank signed a settlement with the public prosecutor's office and had to pay the record fine of €775 mio. A ruling by The Hague Court of Appeal now forces the Dutch prosecution to start a probe into Hamers' responsiblity. Money-laundering is no longer perceived as a legally irrelevant trivial offense by bank directors.

December 13, 2020

Money Laundering Challenge – UBS CEO Ralph Hamers struggles with his ING and Payvision legacy

UNODC Report: Technology-Powered Cybercrime on the Rise in Southeast Asia!

The billion-dollar cyberfraud industry in Southeast Asia is booming, fueled by organized crime syndicates exploiting the latest in AI and cryptocurrency. The UNODC report notes that these criminal networks are outpacing government efforts to regulate and combat their operations. Urgent reforms and enforcement are needed to prevent further damage.

How U.S. Law Enforcement Infiltrated The International Crypto Scene!

In an unprecedented move, the FBI infiltrated the crypto world with its own token, NexFundAI, to crack down on market manipulation. This case marks a significant shift in crypto enforcement, signaling that law enforcement is evolving its tactics to keep pace with the complexities of the digital asset space. As more fraudsters are exposed, the crackdown on wash trades and pump-and-dump schemes is just beginning.

Breaking: German Co-Founder of Crypto Fraud Scheme USI Tech On The Run!

USI Tech was one of the first MLM schemes to use cryptocurrencies to defraud its investors. FinTelegram has issued several warnings aginst the scheme. Horst Jicha has now gone fugitive, leaving behind a trail of defrauded investors and evading justice in the $150 million USI Tech fraud case. With Jicha on the run, the case serves as a chilling reminder of the risks in the volatile crypto world.

Binance Chief Financial Crime Compliance Officer Denied Bail in Nigerian Case!

Think twice before starting to work for the world's larger crypto exchange. As Binance’s financial crime compliance officer faces money laundering charges in Nigeria, questions mount over the company’s compliance safeguards and the risks involved in its global operations. The denial of bail for Tigran Gambaryan and the ongoing legal battle could have far-reaching implications for the company’s future.

Fintech

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.