Media
Latest News
In The News
AMSTERDAM (Reuters) - ING Groep’s (INGA.AS) Chief Financial Officer is to step down amid a public backlash after the Dutch bank admitted last week it had failed for years to prevent money laundering and agreed to a 775 million euro ($900 million) settlement with prosecutors.
WASHINGTON (Reuters) - President Donald Trump plans to sign an executive order as soon as Wednesday that will slap sanctions on any foreign companies or people who interfere in U.S. elections, based on intelligence agency findings, two sources familiar with the matter said.
VLADIVOSTOK, Russia — From this Pacific port to a Siberian training range 900 miles away, China and Russia sent an unambiguous message to Washington on Tuesday: Under American pressure, these historic rivals are becoming allies.
Opponents of Boston's luxury housing boom are warning of another prospective danger beyond raising rents and forcing out longtime residents -- tax evasion and money laundering under the cover of the multimillion dollar condos sprouting through the sky.
Many buyers of condominiums in the new luxury towers sprouting around Boston are either part-time residents or investors — sometimes with no clear connections to Boston — according to a study published Monday that argues the city’s high-end building boom is doing little to help local residents.
Towards the end of the second world war, a group of scientists in America working to develop an atomic bomb for the Manhattan Project warned that using the weapon would inevitably lead to a geopolitical landscape characterised by a nuclear arms race. This would force America, they said, to outpace other nations in building up nuclear armaments.
GUATEMALA CITY — Three years ago, Guatemala became a startling example to Latin America.
Denmark, whose largest bank is embroiled in the biggest money laundering scandal in the country’s history, is planning new legislation that will increase fines related to the crime by about eightfold.
Banks, regulators and law-enforcement agencies are sharing more intelligence through voluntary networks to deter money laundering and terrorism financing. As the practice spreads, so do the risks of data mishandling, observers said.
WASHINGTON — Banks now have some relief from an area of contention in a new anti-money laundering rule that requires them to collect data on the true owners of accounts.