In The News
For Fourth of July weekend 2015, Patrice de Colmont, the owner of Le Club 55 near St. Tropez, decorated his restaurant with U.S. and French flags. Among the wealthy Americans there nibbling crudités and sipping Domaines Ott was financier Tom Barrack, who’d brought employees from his investment firm, Colony Capital.
KUALA LUMPUR, Malaysia — Former Malaysian Prime Minister Najib Razak and his ex-treasury chief were jointly charged Thursday with criminal breach of trust involving 6.64 billion ringgit ($1.6 billion), while his ex-spy agency head was charged with misappropriating $12.1 million.
U.S. sanctions on Iran are scheduled to go back into effect on Nov. 4. On that day, Saudi Arabia’s Crown Prince Mohammed Bin Salman (MBS) will breathe a massive sigh of relief.
PARIS (Reuters) - The international group that monitors money-laundering worldwide said on Friday Iran had until February to complete reforms that would bring it into line with global norms or face consequences.
At many banks, Nov. 5 will be a scary day. That’s when broad U.S. sanctions are set to be re-imposed on Iran, thereby placing new pressure on its struggling economy and increasing the regime’s desperation for hard currency.
COPENHAGEN (Reuters) - Denmark plans to strengthen its financial regulator to make it better able to fight money laundering, its business minister said on Thursday, as the country’s largest bank, Danske Bank (DANSKE.CO), is embroiled in a major scandal.
The UK is a haven for dirty money; more than £90 billion is estimated to be laundered through the country per year. The size of the UK’s financial and professional services sector, its open economy and the attractiveness of the London property market to overseas investors all make it unusually exposed to international money laundering risks.
When the United States withdraws from an international agreement, it has traditionally been Big News. So when President Trump announced that the United States would withdraw from the Intermediate-Range Nuclear Forces Treaty (INF) over the weekend at a campaign rally, I was all set to research the heck out of the issue.
WASHINGTON —
Despite the anti-Islamic State campaign being waged in both Iraq and Syria, the terror group can still attack coalition forces and their local partners in both countries, Col. Sean Ryan, spokesman for the U.S.-led coalition, said.
Foreign influence was never supposed to be part of America’s electoral equation. What is a democracy if not rule by a country’s own citizens?