The UK’s motor finance industry faces continued uncertainty following the Supreme Court’s recent decision to block a Treasury attempt to intervene in an ongoing car finance scandal. The decision signals potential financial consequences running into billions, impacting both lenders and borrowers alike. Supreme Court Rejects Treasury Intervention The UK’s highest court refused the Treasury’s application … Read more
Mar 22, 2025Ravie LakshmananFinancial Security / Cryptocurrency The U.S. Treasury Department has announced that it’s removing sanctions against Tornado Cash, a cryptocurrency mixer service that has been accused of aiding the North Korea-linked Lazarus Group to launder their ill-gotten proceeds. “Based on the Administration’s review of the novel legal and policy issues raised by use … Read more
Chinese state-sponsored hackers broke into the computers of senior US Treasury Department leaders as part of a recent breach of the agency, according to a US official and another person familiar with the matter. The hackers were able to access unclassified material stored locally on the senior officials’ computers, which were among the laptops and … Read more