ION Says Rent Disputes Resolved After Landlord Actions in Three Countries
ION says office rent disputes are resolved after reported eviction steps and access restrictions raised questions about the financial software group.
Category: Risk, Fraud & Controversies
Fortris Accused of Offshore Betting Payments: Do Europe’s New Cases Reveal a Wider Business Model?
New European cases show how payment infrastructure can sustain unlicensed gambling. Fortris’s gaming platform and a separate accusation demand scrutiny.
Bilt Says Reporting Error Sent Collection Notices to 1,850 Cardholders
Bilt attributed mistaken collection notices sent to about 1,850 cardholders to a third-party reporting error affecting an old beta card program.
Cifas Logs 220,000 UK Fraud-Risk Cases as Identity Fraud Hits 59%
Cifas recorded more than 220,000 fraud-risk cases in the first half of 2026, including sharp increases in identity fraud, money muling and SIM swaps.
Fed Bars Two Former Bank Employees Over Customer Fund Theft
The Federal Reserve barred two former bank employees after consent orders described unauthorized withdrawals from elderly customers and theft from bank cash.
New York Sues Kalshi Over Alleged Illegal Gambling Operation
New York alleges Kalshi operated an unlicensed gambling platform, accepted wagers from 18-to-20-year-olds and lacked state-mandated safeguards.
Apple Sued Over Fake Sparrow Wallet App and $1.8M Loss Claim
Three users allege Apple’s App Store distributed a fake Sparrow Wallet app that led to more than $1.8 million in bitcoin losses.
CFTC Fines UBS $8 Million Over AML Monitoring Failures
The CFTC fined UBS Financial Services $8 million after finding that foreign-currency wires were omitted from or inadequately covered by AML monitoring.
UK Bank Transfer Delays Expose Duplicate-Payment Risk
Transfer problems reported across several UK banks left customers uncertain whether payments had failed, creating a risk that retries could duplicate transactions.
OCC Denies Wise Trust Bank Charter Over AML and Governance Gaps
The OCC rejected Wise’s proposed U.S. trust bank, citing unresolved AML weaknesses, insufficient management expertise and significant compliance concerns.
Zelle Must Face New York Fraud-Control Lawsuit
A New York judge refused to dismiss the state attorney general’s case against Zelle operator Early Warning Services, keeping fraud-control and marketing claims alive.
UK BNPL Rules Put Third-Party Lenders Under FCA Oversight
The UK now regulates third-party deferred-payment lenders, adding authorisation, affordability and customer-support duties while leaving merchant-own credit exempt.