21st May 2019
Several of the world’s largest banks are in the process of investing around $50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans. The previously disclosed project, known as the “utility settlement coin,” was first proposed by Swiss… Read More
21st May 2019
Mexico’s President Andres Manuel Lopez Obrador, looking to make good on a promise to clean up rampant corruption, will go after judges that have aligned themselves with the country’s notorious drug cartels, a government official said. The United States slapped sanctions on a Mexican judge and a former state governor… Read More
21st May 2019
By Iwa Salami, University of East London The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what is perhaps the most profound development since the birth of cryptocurrencies through… Read More
20th May 2019
Deutsche Bank managers blocked the filing of multiple suspicious activity reports (SARs) on transactions involving President Donald Trump, his son-in-law Jared Kushner and offshore parties, The New York Times reported Sunday. In the summer of 2016, the German institution’s transaction monitoring software flagged a series of suspicious payments from Kushner’s real estate… Read More
20th May 2019
AP — Former South African president Jacob Zuma is in court facing charges of corruption, money laundering and racketeering. Zuma, 77, appeared at the High Court in Pietermaritzburg in eastern KwaZulu-Natal province Monday on charges of receiving bribes when the government purchased arms in 1999. Zuma was South Africa’s president… Read More
20th May 2019
AP— Across Iran’s capital, the talk always seems to come back to how things may get worse. Battered by U.S. sanctions and its depreciating rial currency, Iran’s 80 million people struggle to buy meat, medicine and other staples of daily life. Now they wonder aloud about America’s intentions as… Read More
20th May 2019
JPMorgan’s former Asia investment banking vice-chair Catherine Leung has been charged with two counts of bribery by Hong Kong’s anti-corruption watchdog for offering a job to the son of a potential client. Leung allegedly offered employment to the son of the chairman of a logistics company in 2010 and 2011… Read More
20th May 2019
The United States slapped sanctions on a Mexican judge and a former state governor on Friday, accusing them of taking bribes from drug traffickers, and saying that government corruption had allowed Mexican drug gangs to grow and operate with impunity. Nine other people and ten groups were also designated in… Read More
20th May 2019
Cash is considered among the hardest assets for a company to fake, which is why the disappearance of a combined $6.1 billion from two Chinese companies has dumbfounded investors and forced regulators to take action. Drugmaker Kangmei Pharmaceutical Co Ltd, a constituent of MSCI’s global indexes, in April said an… Read More
20th May 2019
U.S. refiner Citgo sought to sign a contract with a firm owned by a Venezuelan accused of involvement in the drug trade by the U.S. government, according to a complaint by Citgo’s former human resources director filed in a Texas court. Marisol Gomez said she was fired after refusing to… Read More