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
29th November 2017
KYC360 News Zimbabwe’s newly appointed leader has announced a three-month grace period for individuals and firms to repatriate stolen money and assets. During the window period, respondents will not be asked any questions or face charges, however those who do not co-operate will be prosecuted. The government is aware that… Read More
29th November 2017
By Kurt Sansone, Malta Today German police will pass on a cache of Panama Papers data to the magistrate leading the inquiry into Daphne Caruana Galizia’s murder, German sources told MaltaToday. The information will be handed over by the German federal crime police (BKA) to Magistrate Anthony Vella, who will… Read More
29th November 2017
By Athan Tashobya,The New Times The Government is set to establish a unit that will work closely with the National Bank of Rwanda and security organs to combat money laundering and financing of terrorism. Central bank governor John Rwangombwa said there is a growing number of mafias and money launderers… Read More
29th November 2017
By Daniel Boffey and Jennifer Rankin, The Guardian The UK has bowed to EU demands on the Brexit divorce bill in a move that could result in the UK paying £50bn to Brussels, in an attempt to get France and Germany to agree to move negotiations to trade. Non-stop behind-the-scenes… Read More
29th November 2017
BBC North Korea says it has successfully tested a new type of intercontinental ballistic missile that can reach the whole of the continental United States. State television claimed that Pyongyang had now achieved its mission of becoming a nuclear state. The Hwasong-15 missile, which it said was its “most powerful”,… Read More