Bezos says Enquirer threatened to publish revealing pics
8th February 2019
Bezos says Enquirer threatened to publish revealing pics
AP — Amazon CEO Jeff Bezos said Thursday he was the target of “extortion and blackmail” by the publisher of the National Enquirer, which he said threatened to publish revealing personal photos of him unless he stopped investigating its acquisition of other private images and… Read More
Saudi crown prince had threatened to use ‘bullet’ on Khashoggi – NY Times
8th February 2019
Saudi crown prince had threatened to use ‘bullet’ on Khashoggi – NY Times
A year before Saudi journalist Jamal Khashoggi was killed, Crown Prince Mohammed bin Salman told an aide he would use “a bullet” on the journalist if he did not return home and end his criticism of the government, the New York Times reported on Thursday. The crown prince’s comments to… Read More
Deutsche Bank keeping EU lawmakers in dark over money laundering troubles, says MEP
8th February 2019
Deutsche Bank keeping EU lawmakers in dark over money laundering troubles, says MEP
Deutsche Bank has been accused of deliberately refusing to shed light on its financial crime issues to an EU committee investigating money laundering and other financial crime in the bloc. In recent months, the top German lender has been named as one of the main banks linked to the… Read More
Compliance hot spots for third-party transactions and corporate remittances
8th February 2019
Compliance hot spots for third-party transactions and corporate remittances
In recent years, the United Arab Emirates (UAE) has been looking to become more stringent regarding compliance, alongside its aims to encourage the establishment of an open economy to facilitate foreign investment. However, there are some challenges regarding foreign investment and compliance. One issue is the complexity to detect the… Read More
Judge denies Hawaii’s move to get Airbnb host records
8th February 2019
Judge denies Hawaii’s move to get Airbnb host records
AP — A judge on Thursday denied Hawaii’s move to compel Airbnb to hand over a decade of vacation rental receipts as the state examines whether hosts have been paying the equivalent of hotel and sales taxes. Hawaii First Circuit Court Judge James Ashford said the… Read More
UK: Cryptocurrency scams top fraud cases, regulator issues warning after £200 million losses
7th February 2019
UK: Cryptocurrency scams top fraud cases, regulator issues warning after £200 million losses
Fraudulent schemes involving cryptocurrency firms are among the three most commonly reported scams, according to the Financial Conduct Authority (FCA), which also stated that investments scams resulted in over £197 million of reported losses in 2018. The FCA on Wednesday urged investors to be vigilant to the threat posed by… Read More
EU anti-fraud group heads for Estonia, Denmark to learn Danske Bank lessons
6th February 2019
EU anti-fraud group heads for Estonia, Denmark to learn Danske Bank lessons
In the wake of Danske Bank’s money laundering scandal, an EU committee will visit Estonia and Denmark this week to meet regulators, prosecutors and the bank’s new management to discuss ways to crack down harder on fraud. Between 2007 and 2015, 200 billion euros ($228 billion) of suspicious payments from… Read More
Cayman Islands added onto new tax haven blacklist
6th February 2019
Cayman Islands added onto new tax haven blacklist
The Cayman Islands has been added onto the Netherlands new low-tax jurisdictions list, dubbed blacklist, of 21 jurisdictions considered to be tax havens, as Amsterdam looks to roll out new measures to combat tax avoidance. Companies registered in the jurisdictions on the list face paying 20.5% tax from 2021 on… Read More
Britain’s Metro Bank hit by fraud attack
6th February 2019
Britain’s Metro Bank hit by fraud attack
Metro Bank said on Monday some customers had been hit by a fraud which targets a weakness in telecom companies’ text messaging systems used to verify bank transactions, and the bank said it was a wider attack on British banks. “Of those customers impacted by this type of fraud, an… Read More
Sanctions: The new ‘Deripaska Rule’ – a twist to regulation?
6th February 2019
Sanctions: The new ‘Deripaska Rule’ – a twist to regulation?
The U.S. Office of Foreign Assets Control (OFAC) recently removed three companies from its Specially Designated Nationals (SDN) List, where they had been each designated under two Executive Orders as part of OFAC’s Ukraine-/Russia-related program. The delisting process for these firms, which was elongated due to the Congressional oversight… Read More
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