Showing 71 - 80 of 290
New Italian government seeks to raise cash ceiling
AFP, Published on 28/10/2022
» ROME - Cash is king in Italy, and the debate over limiting payments in notes and coins is heating up again under the country's new right-wing government.
Danske Bank sets aside nearly 2 bn euros for fines
AFP, Published on 27/10/2022
» COPENHAGEN: Danske Bank, which is under investigation by Danish and US authorities, said Thursday it had set aside an additional 14 billion kroner (1.9 billion euros) to cover expected fines related to massive suspected money laundering via its Estonian branch.
Slot machines are laundering billions in drug money in Australia
Bloomberg News, Published on 26/10/2022
» Billions of US dollars of criminal proceeds are being laundered through slot machines in pubs and clubs in Australia’s biggest state, according to an official inquiry that recommended tighter controls on the gaming industry.
Credit Suisse to pay 238 mn euros to settle French fraud probe
AFP, Published on 24/10/2022
» PARIS - Credit Suisse has agreed to pay 238 million euros ($234 million) to avoid prosecution on French money laundering and tax fraud charges, according to a settlement approved Monday by a Paris court.
'El Chapo' asks US court to free him or order new trial
AFP, Published on 22/10/2022
» Convicted Mexican drug lord Joaquin "El Chapo" Guzman has asked a United States federal court to dismiss his 2019 conviction for drug trafficking and money laundering or to order a new trial, according to a court document.
Trump ally Bannon faces possible prison term
AFP, Published on 21/10/2022
» WASHINGTON: Donald Trump's former aide Steve Bannon arrived in court Friday to hear a judge hand down his sentence for refusing to testify in the congressional probe of the Jan 6, 2021 attack on the Capitol.
Sanctioned Myanmar tycoons find shelter in Singapore
Published on 18/10/2022
» Frangipani plants and coconut trees front the three-story villa on Sentosa Island where Myanmar tycoon Tay Za stays when he’s in Singapore. It’s one of two houses his family owns in a development overlooking the South China Sea known as a playground for the wealthy. A short drive away is the Marina Bay Sands casino, where he would often show up carrying a duffel bag stuffed with cash. On a sunny day in June, a yellow Ferrari F8 Spider and a Mercedes were parked outside one of the villas.
Key issues as Malaysia gets set to go to the polls
Published on 10/10/2022
» KUALA LUMPUR: Malaysian Prime Minister Ismail Sabri Yaakob called for an early election on Monday, to win a stronger mandate and stabilise a rocky political landscape that has persisted in the wake of the multi-billion dollar 1MDB scandal and Covid crisis.
Former Malaysia deputy prime minister acquitted of graft charges
Reuters, Published on 23/09/2022
» KUALA LUMPUR: A Malaysian high court acquitted a former deputy prime minister of 40 bribery charges, saying the prosecution had failed to provide enough evidence, a state news agency reported on Friday.
With a gamer prince and oil billions, Saudi turns to eSports
AFP, Published on 22/09/2022
» RIYADH - Wearing headphones and anti-sweat finger sleeves, gamers from eight countries guided gun-toting avatars through a battle royale in the Saudi capital, as cheering onlookers watched the action on a big screen.