31st July 2018
German prosecutors said on Monday they are investigating whether former Volkswagen (VOWG_p.DE) Chief Executive Martin Winterkorn moved some of his assets out of Germany following an inquiry into his role in the manipulation of anti-pollution tests. Winterkorn was head of VW Group in September 2015 when U.S. regulators uncovered the… Read More
30th July 2018
Cristiano Ronaldo will be fined 3.2 million euros ($3.7 million)and sentenced to 24 months in prison, a sentence he is unlikely to serve, after settling a tax evasion case with Spanish tax authorities, the prosecutor said on Friday. The 33-year-old is accused of evading 5.7 million euros in taxes. He… Read More
30th July 2018
AP — The U.K. government should increase oversight of social media like Facebook and election campaigns to protect democracy in the digital age, a parliamentary committee has recommended in a scathing report on fake news, data misuse and interference by Russia. The interim report by… Read More
27th July 2018
U.S. President Donald Trump on Thursday said the United States would impose significant sanctions on Turkey over its detention of American Christian pastor Andrew Brunson and called on Ankara to immediately release him. By Susan Heavey, Reuters, 26 July 2018. Link to Reuters. Read More
27th July 2018
AP — A group of Republican senators on Thursday warned European nations not to try to flout U.S. sanctions on Iran that will soon be re-imposed after President Donald Trump withdrew from a landmark nuclear accord. The 10 senators, all of whom opposed the 2015 agreement,… Read More
25th July 2018
The Monetary Authority of Singapore (MAS) has issued a circular to all financial institutions, instructing them to tighten their customer verification processes. The move follows the recent cyber attack at SingHealth where personal information of 1.5 million individuals was illegally accessed. For access to online financial services, banks in… Read More
25th July 2018
Frontmen who fail to declare the beneficial owners of foreign-owned UK properties face up to five years in jail under the British government’s draft laws aimed at tackling money laundering and corporate secrecy in the property sector. The planned legislation also includes unlimited fines and makes it easier for law… Read More
24th July 2018
Iranian President Hassan Rouhani on Sunday cautioned U.S. President Donald Trump about pursuing hostile policies against Tehran, saying “war with Iran is the mother of all wars”, but did not rule out peace between the two countries. Iran faces increased U.S. pressure and looming sanctions after Trump’s decision to withdraw… Read More
24th July 2018
A pair of prominent Republican U.S. senators said on Sunday that the United States must move promptly to prepare new sanctions against Russia to discourage interference in upcoming elections. Senator Lindsey Graham said additional sanctions needed to be teed up before President Donald Trump holds a second meeting with Russian… Read More
23rd July 2018
Canada’s housing agency has asked the country’s tax authority to take a “more direct and formal role” verifying income claimed on mortgage applications, part of a two-year plan to tackle mortgage fraud, documents obtained by Reuters show. Unlike tax authorities in the United States and the United Kingdom, the Canada… Read More