In The News
FRANKFURT, Germany — A global financial body has warned that central banks should carefully weigh the risks before introducing their own virtual currencies, saying such innovations could risk destabilizing banking systems and unleash disruption across borders.
RIYADH, Saudi Arabia — Businessmen once considered giants of the Saudi economy now wear ankle bracelets that track their movements. Princes who led military forces and appeared in glossy magazines are monitored by guards they do not command. Families who flew on private jets cannot gain access to their bank accounts. Even wives and children have been forbidden to travel.
PARIS — Mostafa Haji Mohamad, a medical worker, was just starting the morning shift at a cement factory in Syria when gunfire rattled across the desert.
Federal prosecutors in San Diego announced Thursday they have indicted 75 people nationwide, including 40 in San Diego, in a massive drugs and money operation that interim U.S. Attorney Adam Braverman called the biggest money-laundering investigation ever in San Diego.
RIGA (Reuters) - Latvia will invest more in monitoring banks as it overhauls financial controls, Prime Minister Maris Kucinskis told Reuters, after the United States accused one of its biggest banks of money-laundering and breaching sanctions on North Korea.
ACAPULCO, Mexico (Reuters) - Mexico, burdened by warring drug cartels that launder untold billions of dollars every year, needs to improve the rule of law in order to better combat financial crimes, Finance Minister Jose Antonio Gonzalez Anaya said in an interview on Thursday.
As North Korea considers negotiating over its nukes, it may find lessons in the Middle East, where leaders imperiled, paranoid or pugnacious have long used the doomsday weapon threat to secure a wobbly perch.
TOKYO — As North Korea conducted ballistic missile and nuclear tests and President Trump threatened fiery responses last year, Japan and South Korea feared the worst: a nuclear conflict on their front doorsteps.
ABUJA (Reuters) - Nigeria’s parliament passed legislation on Wednesday meant to help authorities tackle money laundering and funding for terrorism by allowing its financial intelligence unit to operate free of state control.
FBI Director Christopher Wray on Wednesday said the bureau must be prepared to confront a new set of emerging cyber threats.