14th April 2019
British finance minister Philip Hammond has fired the starting gun for the race to succeed Bank of England Governor Mark Carney, but concerns about Brexit may keep some potential contestants on the sidelines. Britain is unusual in throwing open the invitation to run its central bank to candidates from around… Read More
14th April 2019
Royal Dutch Shell pulled out of a project to build a Russian liquefied natural gas plant partly because Gazprom suddenly added another partner with links to an ally of President Vladimir Putin, according to five sources. After three years work on the Baltic Coast project, Shell discovered that Gazprom was… Read More
13th April 2019
AP — A special counsel’s office in Switzerland says it has closed an investigation into a regional prosecutor’s links with FIFA president Gianni Infantino. After reports in the “Football Leaks” series last November, a criminal proceeding for possible passive corruption was opened against Rinaldo Arnold, a childhood friend of Infantino. Read More
12th April 2019
Latvia’s prime minister has promised to accelerate an overhaul of the banking sector as fears grow that money laundering scandals could single the country out as high risk, prompting Swedish lenders to leave and isolating the Baltic state. In an interview with Reuters, Krisjanis Karins said he would take earlier… Read More
12th April 2019
The chief executives of Bank of America, Citigroup and Morgan Stanley told US lawmakers Wednesday that their institutions have reviewed client accounts for signs of Russian money laundering. In a hearing by the US House Committee on Financial Services, Chairwoman Maxine Waters cited allegations of Russia-related money laundering at Deutsche… Read More
12th April 2019
Deutsche Bank investor Riebeck-Brauerei plans to file a motion seeking a vote to oust the bank’s chairman Paul Achleitner at this year’s annual general meeting, a lawyer for the shareholder said on Thursday. Jan Bayer, Riebeck-Brauerei’s lawyer, said the justification to oust Achleitner was for his “dismal performance” and for… Read More
12th April 2019
Venezuela’s state-run PDVSA has shipped 1 million barrels of oil to Cuba days after the United States imposed fresh sanctions on vessels and firms involved in exports to the island in an effort to halt oil trade between the political allies, according to a PDVSA document and tanker tracking data. Read More
12th April 2019
A British subsea service provider and its affiliates have agreed to improve their sanctions compliance controls and pay $441,000 for willfully violating US prohibitions on doing business with Cuban and Iranian entities. Norwich, England-based Acteon Group Ltd, its British offshore engineering subsidiary and two Malaysian affiliates will pay nearly $228,000… Read More
12th April 2019
AP — Attorney Michael Avenatti has been charged in a 36-count federal indictment alleging he stole millions of dollars from clients, did not pay his taxes, committed bank fraud and lied in bankruptcy proceedings. Avenatti, 48, was indicted late Wednesday by a Southern California grand jury on a raft of… Read More
12th April 2019
In the year since U.S. authorities shut down sex ad website Backpage.com, the online prostitution market has splintered across a dark and volatile internet landscape with dozens of players trying to fill the void, according to an analysis conducted by a counter-human trafficking technology company. The report, shared with Reuters… Read More