24th April 2018
The European Union’s justice commissioner said on Monday she will visit Malta in the coming weeks to look at its anti-money laundering moves and check on how an investigation is going into the murder of an investigative journalist. Her visit will increase pressure on the EU member after the European… Read More
24th April 2018
AP — The White House said Monday North Korea won’t get sanctions relief until it takes “concrete action” toward denuclearization, the goal of President Donald Trump’s planned summit with Kim Jong Un. Press secretary Sarah Huckabee Sanders’ comments appeared to leave open the possibility of easing the U.S.-led “maximum… Read More
23rd April 2018
AP — ZTE Corp., one of China’s biggest tech companies, said Sunday that it is taking steps to comply with a U.S. technology ban and that it is seeking a solution to the issue it says threatens its survival. The ban on state-owned ZTE was imposed last Monday in… Read More
23rd April 2018
The Financial Conduct Authority (FCA) has published a set of new rules for the asset management industry, outlining its stance on accountability rules for top executives. The FCA had previously stated that it would consult on a new specific Prescribed Responsibility (PR) for authorised fund managers (AFMs) as part of… Read More
20th April 2018
Britain’s Serious Fraud Office will have its funding increased under new changes to its financing model, which has been previously criticised. The agency’s core funding is set to rise to £52.7 million from £34.3m, and its blockbuster funding will no longer have internal ring fencing, allowing it to move staff… Read More
19th April 2018
Iran will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said on Wednesday as part of the country’s effort to reduce its reliance on the U.S. currency due to political tension with Washington. The new policy could encourage government bodies and firms linked to the… Read More
18th April 2018
Australian Treasurer Scott Morrison warned on Wednesday that financial sector executives responsible for widespread breaches of corporate law could face jail, as a powerful judicial inquiry heard more evidence of misconduct by the country’s top financial institutions. Morrison’s comments were made after executives for AMP Ltd (AMP.AX), Australia’s largest wealth… Read More
18th April 2018
Most of Camilo Condis’ family emigrated from Communist-run Cuba to the United States seeking a better life, but the 32-year-old decided to stay after Raul Castro became president a decade ago and promised change. Seeking to make socialism sustainable, Castro introduced some market reforms to the state-run economy and secured… Read More
17th April 2018
The Angolan government has received half a billion dollars that was ‘improperly’ transferred from its central bank’s Standard Chartered Bank account to an HSBC account in the United Kingdom. The move comes after the UK National Crime Agency (NCA) recently confirmed that the necessary authority had been obtained for the… Read More
17th April 2018
Pakistan’s Supreme Court disqualified deposed prime minister Nawaz Sharif from holding office for life on Friday amid an ongoing corruption trial and ahead of general elections due this year. The Supreme Court barred Sharif, 67, from politics in July over an undeclared source of income, but the veteran leader maintains… Read More