Arqaam Capital fined for money laundering
Arqaam Capital has been fined $50,000 for lack of compliance with money laundering rules, according to the Dubai Financial Services Authority (DFSA), following an investigation. The DFSA said the bank had cooperated fully at an early stage of the investigation and that Arqaam is to hire an independent compliance expert to further remedy any other potential regulatory issues.
U.S. automakers General Motors and Ford said they will adopt Tesla's model of charging cars with their vehicles having North American Charging Standard (NACS) ports, starting 2025. CharIN said it will convene a task force with the goal of submitting NACS, which was formerly Tesla's propriety, to the standardization process. It added that an open standardization process will go through a peer review process and interested parties will be able to contribute to development of the standard.