Monday, January 18, 2021

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Samsung heir Jay Lee gets to two years prison sentence for bribery

Samsung Electronics Co. heir Jay Y. Lee was sentenced to 30 months in prison over bribery charges, a dramatic setback for the world’s biggest electronics company as it tries to move beyond a years-long scandal that inflamed outrage over...

Capital One fined $390 million for breaching U.S. anti-money laundering law

Credit card firm Capital One Financial Corp has been fined $390 million for engaging in what the U.S. government called willful and negligent violations of the Bank Secrecy Act, an anti-money laundering law, a Treasury Department bureau said on...

European Central Bank’s President claims bitcoin enables money laundering

European Central Bank President Christine Lagarde took aim at Bitcoin’s role in facilitating criminal activity, saying the cryptocurrency has been enabling “funny business.” “For those who had assumed that it might turn into a currency -- terribly sorry, but this...

UK public warned about crypto investment risks

Consumers should be prepared to lose all their money if they invest in schemes promising high returns from digital currencies such as bitcoin, a City watchdog has warned. The volatile nature of cryptoassets was highlighted again on Monday as bitcoin dropped...

U.S. sanctions Ukraine officials over interference in 2020 election

The Trump administration on Monday slapped sanctions on seven Kremlin-linked individuals and four entities for attempting to interfere in the 2020 U.S. presidential election. The U.S. Treasury Department described the targeted sanctions as the “inner circle” of Ukrainian lawmaker Andrii...

US prosecutors accused Honduran president of collecting bribes from drug traffickers

US federal prosecutors have filed motions saying the Honduran president, Juan Orlando Hernández, took bribes from drug traffickers and had the country’s armed forces protect a cocaine laboratory and shipments to the US. The documents quote Hernández as saying he...

Boeing fined $2.5bn for fraud linked to 737 Max crashes

Boeing has been fined $2.5bn by the US justice department after being charged with fraud and conspiracy in connection with two fatal crashes of its 737 Max airliner. Boeing’s employees chose “the path of profit over candor by concealing material...

Deutsche Bank agrees $100 million settlement to avoid bribery charge

Deutsche Bank AG agreed to pay $100 million to settle criminal allegations, including that it bribed foreign officials and manipulated the market for precious-metals futures through a trading tactic known as spoofing. The Frankfurt-based bank agreed to a deal in...

China Development Bank ex-chairman sentenced to life in prison for bribery

China sentenced Hu Huaibang, a former chairman of the nation’s biggest policy bank, to life imprisonment on charges of corruption, the second harsh punishment doled out this week in a sign President Xi Jinping is escalating a campaign to...

Salvador ex-President convicted for illicit enrichment, ordered to return $4.4 million

A civil court in El Salvador on Tuesday found former President Elias Antonio Saca and his wife Ana Mixco guilty of "illicit enrichment" and ordered them to return $4.4 million to state coffers, authorities said. Prosecutors had found irregularities in...

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