10th July 2019
Plans to introduce laws in Britain to combat money laundering could prevent the media and researchers from accessing vital information on the tide of dirty cash flowing around the world, campaigners and journalists have warned. An open letter to the foreign secretary, Jeremy Hunt, has about 80 signatories including the… Read More
5th July 2019
The British Virgin Islands is home to more than 400,000 companies that hold $1.5 trillion in assets. You wouldn’t know it if you walked through Road Town, the capital of this Caribbean archipelago. Hens and roosters compete brazenly… Read More
19th June 2019
AP — Switzerland’s federal criminal court says it recused attorney general Michael Lauber from overseeing a sweeping criminal investigation of FIFA officials. The federal court says it upheld requests by two claimants it did not identify to remove Lauber from the case because of undeclared meetings with FIFA president… Read More
5th June 2019
European Union preparations for a no-deal Brexit would split stock markets in Europe, although the damage could be reduced if Britain spelled out in advance its approach to trading, a top EU regulator said on Tuesday. The EU angered market participants in March when it said that if there is… Read More
29th May 2019
The European Union will not renegotiate the Brexit deal that Prime Minister Theresa May agreed, Commission President Jean-Claude Juncker said on Tuesday, as concerns grew that a successor to May could trigger a confrontation with the bloc. Brexit is up in the air after May announced plans to step down,… Read More
27th May 2019
AP — FIFA is restoring the offense of “corruption” to its code of ethics, almost one year after facing criticism over the symbolic removal of the term. The Associated Press has seen a proposal that will be presented to the FIFA Council meeting next month showing section 27 will become… Read More
22nd May 2019
U.S. investment bank JPMorgan raised its probability of a no-deal Brexit to 25 from 15%, saying its base case is that Boris Johnson becomes prime minister, followed by a general election and then another delay to Britain’s exit to the end of the year. JPMorgan raised the probability of an… Read More
16th May 2019
The European Commission is working on its largest regulatory push on banking since the financial crash that could curb Britain’s access to the bloc, according to an internal draft document seen by Reuters. In the 12-page strategy document, EU officials outline provisional financial services plans for the bloc’s executive body,… Read More
13th May 2019
AP — Switzerland’s attorney general is the subject of a disciplinary case related to his handling of a four-year investigation of FIFA that involves 25 criminal proceedings. The federal office overseeing the work of chief prosecutor Michael Lauber said Friday it is examining possible violations of his duties in the… Read More
8th May 2019
While Britain debates the merits of a second Brexit referendum, London’s financial centre is steering clear of the argument, resigned to the need to shift some business elsewhere. Burned by backing the ill-fated Remain campaign three years ago, major global and British banks told Reuters they would shy away from… Read More