24th December 2020
AP — Mexican investigators said Tuesday they have filed money-laundering complaints against five religious groups in Mexico, including the Luz del Mundo church whose leader is charged in the United States with child rapes. The announcement from the Financial Intelligence Unit did not identify the groups involved… Read More
24th December 2020
The new $284 billion lifeline for small businesses approved by Congress features anti-fraud and other measures that advocates say will give some of the most vulnerable employers a better shot of getting some help. The renewal of the Paycheck Protection Program included in the Covid-19 relief package that passed in… Read More
24th December 2020
Since the Islamic Revolution in 1979, Iran’s clerical establishment has used religious organizations to expand its clout abroad. Key among them is the Al-Mustafa International University, a network of religious seminaries based in the Shi’ite holy city of Qom that has branches in some 50 countries. The university claims… Read More
23rd December 2020
The Federal Reserve ordered Credit Suisse’s US division to tighten its compliance programs after finding “deficiencies” in oversight of money laundering, according to an enforcement order Tuesday. Credit Suisse must submit a written plan to the Fed and the New York Department of Financial Services within 90 days to improve… Read More
23rd December 2020
The Trump administration announced Tuesday that it is imposing sanctions on 18 individuals and entities — including Syrian President Bashar al-Assad’s wife and some of her immediate relatives, the commander of the Syrian military intelligence, the Central Bank of Syria and close advisers to Assad — in an effort to… Read More
23rd December 2020
President Trump’s longtime banker at Deutsche Bank, who arranged for the German lender to make hundreds of millions of dollars of loans to his company, is stepping down from the bank. Rosemary Vrablic, a managing director and senior banker in Deutsche Bank’s wealth management division, recently handed in… Read More
23rd December 2020
During a routine border check in early September, Zimbabwean officials confiscated 25 juvenile monkeys found in cages in the back of a truck entering the country from Zambia and bound for South Africa. The officials, with the Chirundu Anti-Poaching Project, a joint operation between Zimbabwe Parks and Wildlife Management Authority… Read More
23rd December 2020
The United States on Monday imposed sanctions on three Nicaraguan officials over their support for left-wing President Daniel Ortega’s government. President Donald Trump’s administration has kept up a steady stream of sanctions announcements since the November election that handed Democrat Joe Biden a win. President-elect Biden is to be sworn… Read More
23rd December 2020
Pharmacy owners Peter Khaim and Arkadiy Khaimov of Forest Hills, New York took advantage of changes in the Medicare system effected by the COVID-19 pandemic in order to illicitly obtain over $30 million, according to an indictment unsealed Monday by the U.S. Department of Justice. Khaim and Khaimov were able… Read More
22nd December 2020
A proposal by regulators that would require financial institutions to collect and pass along sender and receiver details on more transactions has raised concerns at many firms about compliance costs. But one of the largest money-transfer companies is putting its weight behind the effort. MoneyGram International Inc. says a… Read More