11th October 2017
11 October 2017 By Karolina Tagaris, REUTERS A Greek court on Wednesday backed the extradition to Moscow of a Russian citizen who also faces being sent to the United States on allegations of laundering billions of dollars in bitcoin. Alexander Vinnik, the suspected mastermind of a $4 billion (£3.03 billion)… Read More
11th October 2017
11 October 2017 By Enoch Yiu, South China Morning Post Global regulators are unlikely to ban digital currencies altogether – but they will bring in tighter scrutiny on the buying and selling of bitcoin and its peers to ensure they comply with anti-money laundering and client identification processes, according to… Read More
11th October 2017
By Nate Raymond, REUTERS A Brazilian whose arrest led U.S. authorities to discover $17 million (£12.89 million) hidden under a mattress is expected to plead guilty on Wednesday after being charged with try to launder funds tied to one of the largest pyramid schemes ever. Cleber Rene… Read More
11th October 2017
11 October 2017 BBC The Spanish government has rejected a statement of independence signed by Catalan leader Carles Puigdemont and dismissed calls for mediation. Spain’s deputy prime minister described Mr Puigdemont as someone “who does not know where he is, where he’s going”. Prime Minister Mariano Rajoy is holding an… Read More
10th October 2017
Geneva’s financial sector is turning more positive after its fears about 2017 turned out to be overdone, an annual survey by the Swiss city’s banking association showed on Tuesday. Half of Geneva’s big banks – those with over 200 employees – expect net profits to rise in 2018, the Geneva… Read More
10th October 2017
The United Nations has banned four ships from visiting any global port, after they were found violating sanctions imposed on North Korea. Hugh Griffiths, co-ordinator of a UN panel on North Korean sanctions, described the move as unprecedented. The UN Security Council expanded sanctions on North Korea last month in… Read More
10th October 2017
10 October By Damian Fantato, FTAdviser The Financial Conduct Authority is understood to have dropped its investigation into a senior manager at Barclays. The regulator had been looking into Richard Boath, the former European head of Barclays’ financial institutions group, as part of a probe into activity around an emergency… Read More
10th October 2017
Brian McNally, DAILY MIRROR HMRC’s Operation Loom officers ¬believe Newcastle “systematically abused the tax system and therefore all payments to agents made by ¬Newcastle were potentially the subject of criminal proceedings”. They revealed that the five cases of suspected fraud involving the Tyneside club may just be the tip of… Read More
10th October 2017
India’s land ownership system is apparently fraught with fraud — so one state is exploring the application of blockchain technology to make it more transparent. The government of Andhra Pradesh has partnered with Swedish start-up ChromaWay to build its blockchain-based solution. Distributed ledger technology allows data to be stored in… Read More
10th October 2017
10 October 2017 The Nation A call-centre-scam gang has duplicated the Line account of Anti-Money Laundering Office (AMLO) deputy chief Pol Major-General Romsit Weeriyasan to dupe a victim into wiring almost Bt1 million for “inspection”, Romsit revealed on Monday. Romsit, now acting AMLO chief, urged people to remain calm, not… Read More