11th September 2020
The U.S. Department of Treasury announced on Wednesday that the largest German investment and financial services provider Deutsche Bank has agreed to pay two settlements totaling US$583,100 for facilitating transactions that violated Ukraine-related sanctions. According to the department’s Office of Foreign Assets Control (OFAC) enforcement release, Deutsche Bank would… Read More
11th September 2020
In an effort to increase the country’s legal overwatch, Germany now says Bitcoin (BTC) ATMs require regulatory approval before they are allowed to operate. ATMs that offer assets such as Litecoin and Bitcoin now requires a license from Germany’s financial regulator, BaFin, a Sept. 8 statement from the entity… Read More
11th September 2020
Former Volkswagen (VOWG_p.DE) Chief Executive Martin Winterkorn will face charges of conspiracy to commit organized commercial fraud with a high likelihood of conviction, a court probing the carmaker’s diesel emissions scandal said on Wednesday. A court in Braunschweig, Germany, near where Volkswagen is headquartered, expanded the list of charges… Read More
7th September 2020
Germany, the current head of the European Union, will discuss possible sanctions on Russia over the poisoning of Alexei Navalny if the Kremlin does not provide an explanation soon, its foreign minister said Sunday. Russian opposition leader Navalny fell ill on a flight last month and was treated… Read More
4th September 2020
Chancellor Angela Merkel said tests showed “unequivocally” that Russian opposition leader Alexey Navalny was poisoned by a military-grade novichok nerve agent, dramatically escalating tensions with the Kremlin and sending the ruble tumbling. Germany will consult with European Union and NATO allies to formulate an appropriate response over the… Read More
1st September 2020
Germany’s blame game over Wirecard AG’s collapse is focusing in on the question of why authorities failed to take a harder look at the payments company before it became the country’s biggest accounting scandal in living memory. Lawmakers will question a top adviser to Chancellor Angela Merkel on Monday… Read More
31st August 2020
How would you spend £340 ($450)? It’s a lot of money – enough for a haute couture purse from Yves Saint Laurent. It is also the market rate for a kilogram of scales from the world’s most trafficked animal. The story of how the trade of pangolin scales… Read More
27th August 2020
The UN on Tuesday dismissed a controversial bid by the United States to reimpose all international sanctions against Iran, laying bare the differences between Washington and other members of the Security Council on Iran policy. The council presidency, held by Indonesia since in August, said it was “not in a… Read More
27th August 2020
Hackers linked to North Korea have used LinkedIn as part of a major heist to steal cryptocurrency, new research has revealed. The notorious Lazarus Group, which was behind the 2014 cyber attacks on Sony, carried out an attack against a cryptocurrency organisation using a tailored job advert posted… Read More
19th August 2020
Germany’s federal anti-money laundering unit registered a record 114,914 suspected cases of money laundering and financing of terrorism last year, Berlin’s Tagesspiegel newspaper reported Tuesday. That amounts to a jump of almost 50% compared to the previous year. According to an advance copy of the Financial Intelligence Unit’s (FIU) 2019… Read More