Revolut fulfilled a fraudulent information request sent from a compromised government email domain, exposing ID documents, verification selfies, and full crypto transaction histories for a limited number of high-net-worth customers.
Nigeria's tax authority has released the country's first comprehensive framework for taxing virtual assets, requiring crypto exchanges to verify customers with Tax Identification Numbers and imposing penalties up to ₦10 million ($7,000) for non-compliance. The guidelines include corporate tax rates, stamp duties, and mandatory registration requirements for crypto businesses.
U.S. financial regulators issued new guidance on Monday cautioning banks about lending risks associated with borrowers not legally authorized to work in the United States, citing concerns about income reliability and potential deportation. The guidance reminds financial institutions of their know-your-customer requirements and suggests they may consider requiring evidence of continuing work authorization.
