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 […]
Finance
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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 […]
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, United States, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – Three U.S. financial regulators on Friday issued a warning to firms with registered digital assets that they have an obligation […]
Libra is a blockchain digital currency planned to be launched next year. Facebook plans to let its nearly two billion users to pay and send digital cash using Libra, combined with a digital wallet called Calibra. The social network’s aim appears to be to use the AI to power customer service […]