Multiple federal regulators are probing Morgan Stanley over how it vets clients who are at risk of laundering money through the bank’s sprawling wealth-management division. Scoop from ⁦AnnaMaria Andriotis⁩ wsj.com/finance/regula…

Last year, Temu started requiring suppliers to certify their cotton wasn't sourced from Xinjiang, which is illegal to import into the US. But suppliers say Temu soon scrapped the requirement + assured them their risk was low.

Incredible Jing Yang scoop:
theinformation.com/articles/temu-…

So here is one area when regulators are really are squeezing tech. Really good story about TikTok from Michael Roddan. theinformation.com/articles/how-b…

This is a crackerjack story that reveals, among other things, how criminals gamed something as innocuous as digital tipping -- and contains gems like these

What?
No way!

TikTok Owner ByteDance Misled Regulators on Payments Probe theinformation.com/articles/how-b…

HSBC cut off ByteDance's bank accounts after probing whether the TikTok owner risked facilitating money laundering or terrorism financing.

Then ByteDance lied to EU regulators about it.

ICYMI - big report from me yesterday - only in The Information

theinformation.com/articles/how-b…

Yet more evidence this is a company not to be trusted. Australian regulators should take a very close look at money laundering risks from ByteDance here too.

Always great The Information on money-laundering + TikTok... theinformation.com/articles/how-b…

Sources: ByteDance misled the Central Bank of Ireland in early 2023, after HSBC shut down the company's bank accounts following a money laundering probe (@michaelroddan / The Information)

theinformation.com/articles/how-b…

📫 Subscribe: techmeme.com/newsletter?fro…
techmeme.com/240410/p29#a24…

Can we trust ByteDance executives who told staffers they had misled the Central Bank of Ireland: theinformation.com/articles/how-b…

TikTok created its own payments tech, w/ the help of JPMorgan, so it could avoid giant fees.

But HSBC discovered deficiencies in the money laundering controls' at ByteDance. The company then lied about it to Irish regulators.

by Michael Roddan

theinformation.com/articles/how-b…

TikTok and ByteDance's regulatory problems aren't limited to national security and a TT ban: its also facing financial regulatory inquiries over money laundering concerns; incredible scoop by Michael Roddan theinformation.com/articles/how-b…

🚨HOT🚨GLOBAL🚨EXCLUSIVE🚨

TikTok owner ByteDance misled the Central Bank of Ireland after HSBC shut down the Chinese company's bank accounts after a money laundering probe
theinformation.com/articles/how-b…

👀

Yup.

💯💯💯💯💯💯💯

The Case Against ‘Good’ Coffee nytimes.com/2024/04/02/mag…

For seven years I’ve been waiting to tell the story of what life was like on the inside of The National Enquirer during the notorious “catch and kill” campaign that now stands at the heart of Donald Trump’s first criminal trial.

My story for NYT Magazine —

nytimes.com/2024/04/03/mag…

👀

Musk’s xAI is Poaching Engineers From Tesla

theinformation.com/articles/musks…

Heeter is the real deal. Excited to watch her star rise.