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President Donald Trump told the United Nations Security Council on Wednesday that the United States would impose sanctions on Iran that would be “tougher than ever before” in the coming months, following its unilateral withdrawal earlier this year from the deal brokered to restrict Iran’s nuclear programme, known as the Joint Comprehensive Plan of Action (JCPOA).
As a component of Washington, D.C.’s most recent city budget, the district will raise its cigarette excise tax from $2.50 per pack to $4.50 next month. This development is notable not only because it means the tax will increase by 80 percent in just one year, but also because D.C. will have one of the highest state cigarette taxes in the country after the increase is in place Oct. 1.
As multiple investigations into Danske Bank A/S get under way, Denmark’s government wants to know why the bank’s auditors appear to have missed signs that one of Europe’s biggest money laundering scandals was unfolding in front of them
European countries have failed to address financial crime and it is time to take action, the Latvian finance minister told CNBC Wednesday.
AMSTERDAM, Sept 25 (Reuters) - Several Dutch banks insufficiently monitor clients and their transactions, enabling the clients to use accounts for money laundering and other criminal activities, the Dutch central bank (DNB) said on Tuesday.
Hundreds of people have been killed since the wave of protests began in April.
President Trump will lead a United Nations Security Council session Wednesday on weapons of mass destruction and Iran, and European leaders are signaling that they’re more than willing to disagree with the U.S. Meanwhile, Europeans are looking for ways to duck U.S. financial sanctions—without much success.
Ilmārs Rimšēvičs, the governor of the Latvian central bank, had been enjoying the start of his vacation in Spain when a buzzing phone interrupted his dinner. The call on that February evening brought bad news. Back in Riga, police were searching his home and his office at the bank.
Patrick Jenkins ( “Full-service was for your dirty cash at EU’s badly policed banks”, September 18) might have pointed out that the UK lies at the heart of Europe’s money laundering problems, with the National Crime Agency estimating that tainted funds flowing into the UK amount to £90bn a year, set against enforcement recoveries of less than £40m.
The U.S. sanctioned Venezuelan President Nicolas Maduro’s wife and five of his associates, as the Trump administration continues to punish his regime for corruption and anti-democratic practices.