6th October 2017
– By Akhilesh Sharma, NDTV Among the top offenders of companies whose bank accounts were blocked last month by the government for illegal transactions and tax evasion was one that had more than 2,000 bank accounts, making it tough for tax officials to track transactions. Last month, the Finance Ministry… Read More
6th October 2017
By Jonathan Stempel, REUTERS, 5 Ocotober 2017 A federal judge said current and former Wells Fargo & Co officers and directors, including Chief Executive Officer Tim Sloan, must face nearly all of a lawsuit by shareholders seeking to hold them personally liable for sales abuses and the creations of millions… Read More
5th October 2017
Spanish banks headquartered in Catalonia are reportedly planning to move their corporate addresses elsewhere in the case of Catalonian secession. Banco Sabadell has decided to move its legal headquarters out of Catalonia as separatists prepare to declare the region independent from Spain. A similar move is being weighed by Catalonia’s… Read More
5th October 2017
Wall Street investment bank Goldman Sachs is thinking about launching a new trading operation, geared specifically toward bitcoin and other cryptocurrencies. According to the Wall Street Journal, the bank’s exploration into the trading of digital currencies is still in the ‘early stages.’… Read More
5th October 2017
Anti-corruption activists hoping to shine a light on the hundreds of millions of dollars funneled through London every year are organizing tours of properties allegedly bought with dishonest money. The “Kleptocracy Tour” is billed as a journey to the dark side of globalization. This is the first such tour which… Read More
5th October 2017
Bank employees who worked long hours during demonetisation say they have not been paid the money due to them for working overtime. Now a section of their unions has threatened to sue the banks and go on strike if they don’t get the cash soon. Bank staff had worked till… Read More
5th October 2017
Allegations that the Commonwealth Bank breached anti-money laundering laws on almost 54,000 occasions have raised concerns that Australia’s financial system is exposed to criminal elements, including the likes of drug runners. While the extent of the alleged breaches shocked the CBA and regulators, a former US Treasury official and undercover… Read More
4th October 2017
By Karolina Tagaris, REUTERS 4 October 2017 A Greek court cleared the way on Wednesday for the extradition to the United States of a Russian, also wanted by Moscow, suspected of laundering billions of dollars in digital currency bitcoin. Alexander Vinnik, the alleged mastermind of a $4 billion (£3… Read More
4th October 2017
Bank Negara Malaysia will, from January next year, publish enforcement actions taken against financial institutions and intermediaries for non-compliance with rules and regulations, governor Muhammad Ibrahim said. He said information that included the names of the financial institutions, nature of the offences, and the amount of fines and compounds imposed… Read More
4th October 2017
In a blistering attack, former Union Minister Arun Shourie said the current economic slowdown was induced by decisions taken by the Narendra Modi government and termed demonetization as the “largest money-laundering scheme ever”. In an interview with NDTV, Shourie also questioned the government’s rollout of the goods and services tax,… Read More