1st December 2017
By Kareem Shaheen, Guardian A scheme Iran allegedly used to evade sanctions through a state-owned bank in Turkey has been detailed in court by a businessman who claimed the Turkish president, Recep Tayyip Erdoğan, had been aware of the billion-dollar operation. In a case that has strained relations between Turkey… Read More
30th November 2017
By Nikhilesh De, Coin Desk Criminal organizations are increasingly using digital currencies to launder money or otherwise pay for illicit activities, according to one U.S. Immigration and Customs Enforcement agent. Child exploiters, drug smugglers, illegal firearm sellers and intellectual property rights violators are all beginning to use cryptocurrencies for their… Read More
30th November 2017
30 November 2017 By Gina Cherelus, REUTERS Rap artist and actor DMX pleaded guilty on Thursday in federal court to avoiding paying $1.7 million in taxes from 2000 to 2005 by shifting money among accounts belonging to managers and associates. DMX, whose real name is Earl Simmons, pleaded guilty in… Read More
30th November 2017
By David Reid, Steve Sedgwick, CNBC [Iran’s] oil minister claimed that energy-related firms from the U.S. are the main losers from the sanctions placed against his country. Iran’s oil-dominated economy has been hampered by sanctions put in place by the U.S. since the Iranian Revolution of 1979. In 2016, many… Read More
30th November 2017
By Darya Korsunskaya, Katya Golubkova and Gleb Stolyarov, REUTERS The threat of new U.S. sanctions has spread anxiety among Russia’s wealthiest people that their association with President Vladimir Putin could land them on a U.S. government blacklist, members of the business elite say. The list, to be drawn up by… Read More
30th November 2017
By Jeff Cox,CNBC As the price of the cryptocurrency continues to soar, the Federal Reserve apparently is giving thought to having a product like bitcoin for its own. William Dudley, president and CEO of the Federal Reserve Bank of New York, said at a conference Wednesday that the Fed is… Read More
30th November 2017
29 November 2017 By Alastair Macdonald and Francesco Guarascio, REUTERS European Union lawmakers have asked for “protection” when they visit Malta this week to probe accusations of high-level corruption on the island, citing death threats made against some members of the EU parliament. The legislature passed a motion this month… Read More
29th November 2017
KYC360 News European Union parliamentarians (MEPs) have called for a special inquiry into details of aggressive tax planning uncovered by the Paradise Papers. MEPs belonging to the Special Inquiry into Money Laundering, Tax Evasion and Tax Avoidance (PANA) have called for the creation of a permanent standing committee to probe… Read More
29th November 2017
KYC360 News Criminals are impersonating police officers and bank fraud teams in order to get people to hand them over large sums of money, a bank lobby group has warned. In a growing scam, fraudsters contact members of the public and say they are investigating a fraud in… Read More
29th November 2017
KYC360 News Apple has had to look into a security bug in its Mac operating system before criminals took to exploit it. The flaw in its MacOS High Sierra allows easy and unsecure access to a machine by simply typing in the user name ‘root’ and leaving the password… Read More