13th September 2017
The Ministry of Corporate Affairs on Tuesday announced that more than 1.06 lakh directors of shell companies will be disqualified as part of the stepped up war against black money. The move is a sequel to the ministry cancelling the registration of 2.09 lakh companies that have not been… Read More
12th September 2017
Brazilian police on Monday launched an operation involving possible money laundering by the agricultural arm of Venezuela’s state-run oil company PDVSA through imports of agricultural equipment from Brazil, authorities said. Under the scheme, which has been under investigation for three years, PDVSA overpaid two companies, one Venezuelan and one Brazilian,… Read More
12th September 2017
The Senate Finance Committee is seeking additional information from Equifax about the nature of the data breach it reported last week and the timing of insider stock sales in the days immediately after the company discovered the problem. The breach, affecting the personal information of 143 million people, has prompted… Read More
12th September 2017
The United Nations has imposed a fresh round of sanctions on North Korea after its sixth and largest nuclear test. The measures restrict oil imports and ban textile exports – an attempt to starve the North of fuel and income for its weapons programmes. Read More
11th September 2017
Zimbabwe’s government is using money earned from diamond exports to fund its Central Intelligence Organisation, blamed for a raft of human-rights abuses as it’s helped to keep President Robert Mugabe in power since 1980, Global Witness said. Diamonds dug from the Marange fields in eastern Zimbabwe are channelled through Dubai,… Read More
11th September 2017
After Equifax revealed that sensitive data on two of every five Americans was exposed in a cyberattack, thousands logged onto a company website to see if they were at risk. For many, the site didn’t work at first. But for those who got through, an unpleasant surprise was waiting. Read More
8th September 2017
Russia’s finance ministry wants to regulate the circulation of cryptocurrencies involving Russian citizens and firms, Finance Minister Anton Siluanov said on Friday. Russian financial authorities initially treated any sort of money issued by non-state approved institutions as illegal but later accepted the globally booming market of cryptocurrencies. Read More
8th September 2017
Three executives of Equifax sold shares worth nearly $2 million in the company days after a data breach was found to affect 143 million consumers in the United States, filings to the Securities and Exchange Commission showed. The fillings showed that the trio – Chief Financial Officer John Gamble Jr.,… Read More
8th September 2017
Fewer than ten of the approximately 40 banks that conduct EU business out of London have applied so far for a licence to continue banking in the bloc after Britain leaves, regulatory sources told Reuters. The slow pace of applications is raising concern at the European Central Bank, the EU’s… Read More
8th September 2017
HSBC has offered compensation to at least two of the small British businesses caught up unintentionally in a crackdown on illicit money, seeking to limit the damage from an operation that has been criticized by lawmakers and industry. Reuters reported on Aug. 24 that HSBC had closed or frozen the… Read More