Police raid Brazil power company Cemig in corruption probe
12th April 2019
Police raid Brazil power company Cemig in corruption probe
Brazilian police raided the headquarters of the state-controlled power company Companhia Energetica de Minas Gerais, known as Cemig, on Thursday, according to a police statement. The police said they were investigating the alleged embezzlement of 40 million reais ($10.5 million) out of Cemig in a corruption scheme that involved two… Read More
Gold refiners to get dedicated LBMA committee after complaints
12th April 2019
Gold refiners to get dedicated LBMA committee after complaints
The London Bullion Market Association (LBMA) plans to create an official committee for gold and silver refineries, after some complained their interests were being ignored. The LBMA, which oversees London’s $10 trillion-a-year gold market and sets standards for the world’s biggest refineries, has tightened its rules on the sourcing of… Read More
New York Rejects Crypto Firm’s License Bid over AML Concerns
11th April 2019
New York Rejects Crypto Firm’s License Bid over AML Concerns
The New York State Department of Financial Services rejected the application of a crypto-currency exchange on Wednesday, citing the company’s “non-existent” policies and procedures to prevent criminal exploitation of its services. In a letter to Bittrex CEO Bill Shihara, the department said it had coordinated with the firm on… Read More
Estonian watchdog says unacceptable clients remain in banking system
11th April 2019
Estonian watchdog says unacceptable clients remain in banking system
Unacceptable clients remain in the Estonian banking system despite tougher regulation, the country’s financial watchdog said on Wednesday, adding that some lenders will be placed under detailed monitoring. The move by Estonia’s Financial Supervisory Authority (FSA) follows a special review of the country’s 16 banks, instigated after 200 billion euros… Read More
Hezbollah warns U.S. over sanctions against Iran and allies
11th April 2019
Hezbollah warns U.S. over sanctions against Iran and allies
Lebanon’s Hezbollah raised the prospect of retaliation by Iran and its allies over U.S. sanctions, saying on Wednesday that all options were on the table were Washington to take steps that “threaten our nation”. Sayyed Hassan Nasrallah, leader of the heavily armed Iranian-backed Shi’ite group, said the United States’ move… Read More
ECB looking into Swedbank’s Estonian operations – Swedish newspaper
11th April 2019
ECB looking into Swedbank’s Estonian operations – Swedish newspaper
The European Central Bank (ECB) is looking into Swedbank’s Estonian operations, Swedish daily Dagens Nyheter reported on Wednesday, citing an undisclosed source. The ECB wants to know how well Swedbank’s Estonian subsidiary kept itself informed about its customers, the paper said, citing the source. The newspaper also reported, citing the… Read More
Trick or treat? EU, UK agree to delay Brexit until Halloween
11th April 2019
Trick or treat? EU, UK agree to delay Brexit until Halloween
AP — As if Brexit hadn’t spooked Britain and the European Union enough over the past three years, the two sides agreed early Thursday to extend the deadline to Halloween. The new, Oct. 31 cutoff date averts a precipitous and potentially calamitous Brexit that had been scheduled for Friday. “Please,… Read More
Peruvian judge orders arrest of ex-President Kuczynski in bribery probe
11th April 2019
Peruvian judge orders arrest of ex-President Kuczynski in bribery probe
A Peruvian judge ordered the arrest of former President Pedro Pablo Kuczynski on Wednesday while also authorizing a search of his properties as part of a probe into a bribery scheme linked to scandal-plagued Brazilian builder Odebrecht. Kuczynski, 80, was taken from his home by police to an official medical… Read More
Malaysia former first lady hit with fresh corruption charge
11th April 2019
Malaysia former first lady hit with fresh corruption charge
AP — The wife of Malaysia’s former Prime Minister Najib Razak was hit Wednesday with a new corruption charge over a solar energy contract. Rosmah Mansor pleaded not guilty to accepting a 5 million ringgit ($1.22 million) bribe through her aide from a manager at Jepak Holdings as a kickback… Read More
Shareholder adviser Glass Lewis opposes UBS compensation report
11th April 2019
Shareholder adviser Glass Lewis opposes UBS compensation report
Shareholders of Swiss bank UBS Group should oppose its compensation report for 2018, proxy adviser Glass Lewis said, citing “pay-for-performance concern”. Shareholders get a non-binding vote on pay policy at the bank’s annual meeting on May 2. Glass Lewis said that while UBS had improved earnings last year, some financial… Read More
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