June 2023 - cypherpunks - lists.cpunks.org

FOIL Request Confirmation from Open FOIL NY (DFS Investigation Finds Robinhood Crypto Failed to Maintain Effective and Compliant BSA/AML and Cybersecurity Programs)
by Gunnar Larson 27 Jun '23

27 Jun '23

---------- Forwarded message --------- From: <noreply(a)its.ny.gov> Date: Tue, Jun 27, 2023, 6:52 PM Subject: FOIL Request Confirmation from Open FOIL NY To: <G(a)xny.io> Thank you for submitting your FOIL request through Open FOIL NY. Here is your Open FOIL NY confirmation information for future reference: LARSON_DFS_20230627185237536 *INFORMATION SUBMITTED:* *Records Requested From* Department of Financial Services *Short Title* DFS Investigation Finds Robinhood Crypto Failed to Maintain Effective and Compliant BSA/AML and Cybersecurity Programs *Description* Dear Madam or Sir: On August 2, 2022 the Superintendent of Financial Services Adrienne A. Harris announced that Robinhood Crypto, LLC (“RHC”) would pay a $30 million penalty to New York State for significant failures in the areas of bank secrecy act/anti-money laundering (“BSA/AML”) obligations and cybersecurity that resulted in violations of the Department’s Virtual Currency Regulation (23 NYCRR Part 200), Money Transmitter Regulation (3 NYCRR Part 417), Transaction Monitoring Regulation (23 NYCRR Part 504), and Cybersecurity Regulation (23 NYCRR Part 500). xNY.io - Bank.org would like to receive any and all records related to NY-DFS' investigation of Robinhood Crypto. Including (but not limited to) records concerning the bespoke Supervisory Agreement Robinhood Crypto has with the Department of Financial Services mentioned here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202208021. In addition, xNY.io - Bank.org seeks any and all records concerning New York's approach to Robinhood Crypto and Goldman Sachs compliance programs mandated by the United States Department of Justice, Criminal Division, Fraud Section and Money Laundering and Asset Recovery Section mentioned here: https://drive.google.com/file/d/1Yx88RMoeLyyfbNK0RtPl4r-m8N21_1Sp/view?usp=…. Finally, xNY.io - Bank.org seeks records concerning New York's regulatory approval of Robinhood Crypto engaging a fine of $30M to implement heightened controls and additional procedures and policies relating to electronic surveillance and investigation, due diligence on transactions or clients and the use of third-party intermediaries across business units; and enhancing anti-corruption training for all management and relevant employees. Warm regards, Gunnar Larson xNY.io - Bank.org 917-580-8053 *Uploaded Files* *FOIL Response Format* Email *If fees apply, please contact me if costs will be greater than* $10000 Your FOIL request has been forwarded to the organization(s) you selected, and the respective Records Access Officer will contact you directly for further processing of your request. Please allow up to five business days for such communication(s). For your convenience, here is additional contact information: Department of Financial Services One State Street 20th Floor New York, NY 10004

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Millennials Feel Shame Asking Their Parents for Money
by Gunnar Larson 27 Jun '23

27 Jun '23

Millennials and members of Gen Z are having a hard time becoming financially independent. Millennials Feel Shame Asking Their Parents for Money https://www.bloomberg.com/news/articles/2023-06-27/money-from-mom-and-dad-m…

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Transcript: Using Active Management to Cut Downside Risks
by Gunnar Larson 27 Jun '23

27 Jun '23

In this week’s episode of Merryn Talks Money, Bloomberg Opinion writer Merryn Somerset Webb interviews Gervais Williams, head of equities at Premier Miton Investors. He says active fund management isn’t just about maximizing upside for your shareholders. It’s also about minimizing downside risk. Transcript: Using Active Management to Cut Downside Risks https://www.bloomberg.com/news/articles/2023-06-23/uk-stocks-merryn-somerse…

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Silicon Valley Is On Drugs
by Gunnar Larson 27 Jun '23

27 Jun '23

Uh, I don’t know, here’s one model for tech startups and venture capital: Silicon Valley Is On Drugs https://www.bloomberg.com/opinion/articles/2023-06-27/silicon-valley-is-on-…

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Diageo Breaks Up With Sean ‘Diddy’ Combs After His Accusations of Racism
by Gunnar Larson 27 Jun '23

27 Jun '23

Diageo North America Inc. said it is breaking off its business relationship with Sean “Diddy” Combs after the music mogul accused the world’s biggest spirits maker of racism in neglecting his liquor brands. Diageo Breaks Up With Sean ‘Diddy’ Combs After His Accusations of Racism https://www.bloomberg.com/news/articles/2023-06-27/diageo-is-ending-liquor-…

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The New M&A Rules That Would Delay Million-Dollar Deals
by Gunnar Larson 27 Jun '23

27 Jun '23

The US antitrust agencies are requiring firms to turn over much more information about their transactions than before in an overhaul to merger rules that could delay deals by months. The New M&A Rules That Would Delay Million-Dollar Deals https://www.bloomberg.com/news/articles/2023-06-27/proposed-merger-filing-r…

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Bank of England applies to join Four Horsemen of the Infopocalypse
by pro2rat＠yahoo.com.au 27 Jun '23

27 Jun '23

" . . . there will be no data shared with The Bank of England – no personal data shared with The Bank of England or the government. We’ll know what transactions happened but we’ll have no idea who did them. The private wallet you use will know who the person is but they won’t know what the transactions were. And that’s a really big difference because, at the moment, financial institutions know both sides of that – the individual and the transaction history. Under our system, we’re proposing we know the transaction history but not the individual, and the wallet will know the individual and not the transaction history. That will give people the assurance that The Bank of England is not collecting people’s personal data.” Daily Hodl

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possible to accept Bitcoin Lightning payments without Know-Your-Customer ?
by pro2rat＠yahoo.com.au 27 Jun '23

27 Jun '23

Meet Nodeless, The Non-KYC Bitcoin Lightning Processor Jack Dorsey Tweeted About The platform makes it possible to accept Bitcoin Lightning payments without Know-Your-Customer requirements. Alyssa Hertig By Alyssa Hertig Jun 27, 2023 3 min read DECRYPT C-punk rockstar, Adam Back, asserts Galls Law will lead to full spectrum Big Dog dominance So far market still has it as numero uno. This is fine.

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Code Girls
by pro2rat＠yahoo.com.au 27 Jun '23

27 Jun '23

Code Girls: The Untold Story of the American Women Code Breakers of World War II https://malwarwick-98471.medium.com/how-wargames-helped-win-world-war-ii-df… Repost depth charges take out all hidden predators

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Google Wants Apple Collusion Case Sent To Arbitration Again
by Gunnar Larson 27 Jun '23

27 Jun '23

Google Wants Apple Collusion Case Sent To Arbitration Again By Caleb Symons Google told a California federal court that a lawsuit accusing it of colluding with Apple Inc. to control the online search industry must be sent to arbitration, arguing that an advertiser can't utilize new claims under California law to prolong the litigation. 2 documents attached https://www.law360.com/competition/articles/1692539?nl_pk=2063be2d-1a29-43b…

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