Trading and investment provide medium to investors for earning returns and profits. Traders look for various options where they can park their surplus funds and earn substantial returns on their investment. One such a lucrative option is cryptocurrency or bitcoin which acts as a Virtual currency allowing investors to invest […]
Finance
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IN THE MONEY: Outgoing Post Office boss Rico Back bagged £868,000 in his last full year in charge By Daily Mail City & Finance Reporter Published: 21:51 BST, 17 July 2020 | Updated: 22:09 BST, 17 July 2020 Royal Mail’s outgoing boss Rico Back bagged £868,000 in his last full […]
WASHINGTON/CHICAGO (Reuters) – U.S. Treasury Secretary Steven Mnuchin told major airlines on Friday he wants them to repay some of the $25 billion in cash grants the U.S. Congress approved last month to cover payroll costs as airlines weather an unprecedented crisis due to the coronavirus, three industry officials briefed […]
CipherTrace’s Q3 Anti Money Laundering (AML) report highlights that cybercrime amounts to the same figure as the GDP of Azerbaijan and accounts for two per cent of the market cap of all cryptocurrencies. However, the report also notes that, during the third quarter of 2019, crypto crime shrank for the first […]
SYDNEY (Reuters) – Two of Australia’s top shareholder proxy advisers on Wednesday urged investors to vote out more directors of Westpac Banking Corp (WBC.AX) after a money-laundering scandal claimed the CEO and chairman of the country’s No.2 retail bank. FILE PHOTO: A pedestrian looks at his phone as he walks […]
SYDNEY (Reuters) – The chief executive of Australia’s Westpac Banking Corp stepped down on Tuesday over a money laundering scandal involving child exploitation, just a day after he told staff it was “not a major issue” and that he intended to stay on. FILE PHOTO: Australia’s Westpac Banking Corp’s Chief […]
SYDNEY (Reuters) – The board of Australia’s second largest bank on Friday apologized unreservedly for 23 million breaches of money laundering laws, but stood by management despite pressure from politicians to review its leadership. FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia’s […]
The alleged scam raised an estimated $5billion throughout the world and it is believed some 70,000 people in the UK have been left out-of-pocket after signing up to OneCoin packages. Prosecutors claim he also spent some of the fraud’s proceeds on a yacht, three houses and a Ferrari sportscar. Mr Scott […]