12th April 2019
Latvia’s prime minister has promised to accelerate an overhaul of the banking sector as fears grow that money laundering scandals could single the country out as high risk, prompting Swedish lenders to leave and isolating the Baltic state. In an interview with Reuters, Krisjanis Karins said he would take earlier… Read More
12th April 2019
The chief executives of Bank of America, Citigroup and Morgan Stanley told US lawmakers Wednesday that their institutions have reviewed client accounts for signs of Russian money laundering. In a hearing by the US House Committee on Financial Services, Chairwoman Maxine Waters cited allegations of Russia-related money laundering at Deutsche… Read More
12th April 2019
Deutsche Bank investor Riebeck-Brauerei plans to file a motion seeking a vote to oust the bank’s chairman Paul Achleitner at this year’s annual general meeting, a lawyer for the shareholder said on Thursday. Jan Bayer, Riebeck-Brauerei’s lawyer, said the justification to oust Achleitner was for his “dismal performance” and for… Read More
12th April 2019
Venezuela’s state-run PDVSA has shipped 1 million barrels of oil to Cuba days after the United States imposed fresh sanctions on vessels and firms involved in exports to the island in an effort to halt oil trade between the political allies, according to a PDVSA document and tanker tracking data. Read More
12th April 2019
A British subsea service provider and its affiliates have agreed to improve their sanctions compliance controls and pay $441,000 for willfully violating US prohibitions on doing business with Cuban and Iranian entities. Norwich, England-based Acteon Group Ltd, its British offshore engineering subsidiary and two Malaysian affiliates will pay nearly $228,000… Read More
12th April 2019
AP — Attorney Michael Avenatti has been charged in a 36-count federal indictment alleging he stole millions of dollars from clients, did not pay his taxes, committed bank fraud and lied in bankruptcy proceedings. Avenatti, 48, was indicted late Wednesday by a Southern California grand jury on a raft of… Read More
12th April 2019
In the year since U.S. authorities shut down sex ad website Backpage.com, the online prostitution market has splintered across a dark and volatile internet landscape with dozens of players trying to fill the void, according to an analysis conducted by a counter-human trafficking technology company. The report, shared with Reuters… Read More
12th April 2019
Brazilian police raided the headquarters of the state-controlled power company Companhia Energetica de Minas Gerais, known as Cemig, on Thursday, according to a police statement. The police said they were investigating the alleged embezzlement of 40 million reais ($10.5 million) out of Cemig in a corruption scheme that involved two… Read More
12th April 2019
The London Bullion Market Association (LBMA) plans to create an official committee for gold and silver refineries, after some complained their interests were being ignored. The LBMA, which oversees London’s $10 trillion-a-year gold market and sets standards for the world’s biggest refineries, has tightened its rules on the sourcing of… Read More
11th April 2019
The New York State Department of Financial Services rejected the application of a crypto-currency exchange on Wednesday, citing the company’s “non-existent” policies and procedures to prevent criminal exploitation of its services. In a letter to Bittrex CEO Bill Shihara, the department said it had coordinated with the firm on… Read More