15th November 2017
By Francesco Guarascio, REUTERS The European Union has called very publicly for Malta to bring to justice the killers of a journalist who accused the Mediterranean island’s leaders of profiting from global corruption. But it has for years been much less vocal — and had little success — in ensuring… Read More
15th November 2017
BBC Thieves in the western Indian city of Mumbai robbed a government-owned bank after gaining access via a 25ft (8m) tunnel that they dug over four months. The police told the BBC that cash and jewellery were stolen but the value of the haul is yet to be determined. Authorities… Read More
15th November 2017
By Paulina Duran, REUTERS National Australia Bank has found weaknesses in systems that monitor customers as part of a programme to comply with money-laundering and counter-terrorist financing laws, and flagged further problems could be discovered. The revelation, buried in a note to NAB’s 162-page annual report on Tuesday, comes as… Read More
15th November 2017
KYC360 News A new cryptocurrency platform, the London Block Exchange (LBX), has launched a payment card it says will enable British consumers to use digital currencies such as bitcoin in local stores and other areas. Using a linked Visa card, shoppers will be able to spend crypto anywhere that… Read More
15th November 2017
KYC360 News The New York State Department of Financial Services (DFS) has fined Credit Suisse AG $135 million for improper conduct in its forex department. A DFS investigation found that between 2008 to 2015, the firm consistently engaged in illegal and unsafe conduct by failing to implement effective controls… Read More
14th November 2017
KYC360 News HSBC will pay 300 million euros ($353 million) to settle tax offences charges involving its private bank in Switzerland. The news comes after a lengthy investigation in which a French government investigation found HSBC clients concealed their assets from tax authorities in France. The… Read More
14th November 2017
By David Reid, CNBC A close ally of Russian President Vladimir Putin has said U.S. sanctions against him and the state-owned firm he heads cannot succeed. Sergey Chemezov is chief executive of Rostec, a Russian state corporation established in late 2007 to promote and export products for civil and defense… Read More
14th November 2017
RAPSI News Rosneft oil company’s CEO Igor Sechin on Monday did not appear before court for questioning as a witness in the bribery case against Russia’s ex-economy minister Alexey Ulyukayev, RAPSI reported from Moscow’s Zamoskvoretsky District Court. A motion for interrogation of Sechin has been lodged by prosecution. On September… Read More
14th November 2017
13 November 2017 By Sijia Jiang, REUTERS Buoyed by China’s plans to build a ubiquitous CCTV surveillance network, Chinese and some foreign investors are pouring money into start-up technology firms that specialize in facial recognition software. At stake for firms such as SenseTime Group, Face++ and DeepGlint, is a multi-billion… Read More
14th November 2017
By Simon Jack, BBC In the US, the Senate intelligence committee has said it is confident that Russia intervened in the US election. In the UK, Damian Collins, the chair of the digital, culture, media and sport committee has written to Facebook chief executive Mark Zuckerberg, asking him to provide… Read More