Two UK Agencies Outline Plans to Fight Financial Crime in 2020
18th April 2019
Two UK Agencies Outline Plans to Fight Financial Crime in 2020
The UK in the coming year will seek to extend a senior management accountability program to new firms, toughen its oversight of professional bodies and reform how it processes suspicious activity reports, two agencies disclosed. The Financial Conduct Authority (FCA) said in a 2019/2020 business plan published Wednesday that… Read More
As police wait to arrest him, ex-Peru president kills self
18th April 2019
As police wait to arrest him, ex-Peru president kills self
AP — Former President Alan Garcia mortally wounded himself with a gunshot to his head Wednesday as officers waited to arrest him in a big graft probe that has put Peru’s most prominent politicians behind bars and provoked a reckoning over corruption. Authorities broke through a door at Garcia’s mansion in… Read More
Crypto compliance startup Chainalysis raises funding from MUFG, Sozo Ventures
18th April 2019
Crypto compliance startup Chainalysis raises funding from MUFG, Sozo Ventures
New York-based cryptocurrency compliance startup Chainalysis has raised $6 million in funding from Japanese financial group Mitsubishi UFJ Financial Group Inc and venture capital firm Sozo Ventures, the company said on Tuesday. Chainalysis hopes the strategic investment will help it further its expansion plans in Asia, Chief Executive Michael Gronager,… Read More
EU Parliament Empowers EBA, Prudential Regulators to Fight Money Laundering
17th April 2019
EU Parliament Empowers EBA, Prudential Regulators to Fight Money Laundering
EU lawmakers on Tuesday adopted measures to task the European Banking Authority (EBA) with fighting money laundering, empower prudential regulators to better address financial crime risks and protect whistleblowers. Under a legislative resolution to strengthen the bloc’s supervisory authorities, the EBA would take a “leading, coordinating and monitoring role at… Read More
‘Robin Hood’ Mexican president says to return stolen wealth to the people
17th April 2019
‘Robin Hood’ Mexican president says to return stolen wealth to the people
Mexican President Andres Manuel Lopez Obrador said on Monday he will create a “Robin Hood” institute to return to the people the ill-gotten wealth seized from corrupt politicians and gangsters. His administration is drawing up a bill to create an independent “Robin Hood” institute “against the corrupt” that would put… Read More
In major shift, Trump to allow lawsuits against foreign firms in Cuba
17th April 2019
In major shift, Trump to allow lawsuits against foreign firms in Cuba
The Trump administration will allow lawsuits in U.S. courts for the first time against foreign companies that use properties confiscated by Communist-ruled Cuba since Fidel Castro’s revolution six decades ago, a senior U.S. official said on Tuesday. The major policy shift, which will be announced on Wednesday, could expose U.S.,… Read More
Corruption scandal casts long shadow over Latvia
17th April 2019
Corruption scandal casts long shadow over Latvia
A year after closing one of its largest banks for money laundering and the detention of its central bank governor for alleged bribery, Latvia is struggling to deal with the fallout from the corruption scandal. The country’s new government, formed in January after months of political deadlock, is trying to… Read More
Syria fuel shortages, worsened by US sanctions, spark anger
17th April 2019
Syria fuel shortages, worsened by US sanctions, spark anger
AP — Syrians in government-controlled areas who have survived eight years of war now face a new scourge: widespread fuel shortages that have brought life to a halt in major cities. Cars line up by the hundreds outside petrol stations, and long lines of people waiting to buy rationed cooking… Read More
Turkey eyes US sanctions waivers on Iran oil, Russia arms
17th April 2019
Turkey eyes US sanctions waivers on Iran oil, Russia arms
AP — Turkey “expects” the Trump administration to grant it waivers from U.S. sanctions related to its purchases of Iranian oil and Russian air defenses, a top aide to Turkish President Recep Tayyip Erdogan said Tuesday. Presidential spokesman and senior adviser Ibrahim Kalin told a news conference he couldn’t be… Read More
Russia needs another $10 bln on banking sector clean-up – Fitch
17th April 2019
Russia needs another $10 bln on banking sector clean-up – Fitch
Russia may need to spend another $10 billion in the next two or three years to continue a banking sector clean-up, which has already required eight times as much, Fitch rating agency said on Tuesday. Russia started cleaning up its banking sector in 2013 after President Vladimir Putin appointed Elvira… Read More
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