Search Results for: ICO
Merkel Says Greek Diplomatic Offensive Is Failing
February 5th, 2015
German Chancellor Angela Merkel indicated that a diplomatic offensive by newly elected Greek Prime Minister Alexis Tsipras to ease his nation’s bailout-aid requirements is failing to win over converts. “I don’t think that the positions of the member states ...
ICAP to face EU fine over yen cartels
February 3rd, 2015
ICAP faces an EU fine this week for allegedly facilitating cartels on yen-denominated inter-rate benchmarks, as Brussels tackles the holdouts in rate-rigging probes that have already resulted in about €1.7bn in penalties. The world’s largest interdealer broker has strongly ...
Alstom Gets Break on Fine
February 2nd, 2015
Court Granted Delay in $772 Million Payment Because of Possible Business Impact When the U.S. Justice Department announced a record $772 million foreign-bribery settlement with Alstom SA in December, there was a hitch: The French engineering company couldn’t pay ...
The third stage in the washing cycle – Integration
February 2nd, 2015
Integration It is the stage at which laundered funds are reintroduced into the legitimate economy, appearing to have originated from a legitimate source. Integration is the final stage of the process, whereby criminally derived property that has been placed ...
Federal Reserve Issues “Strategies for Improving the U.S. Payment System”
January 27th, 2015
The Federal Reserve today issued “Strategies for Improving the U.S. Payment System,” which presents a multi-faceted plan for collaborating with payment system stakeholders including large and small businesses, emerging payments firms, card networks, payment processors, consumers and financial institutions ...
Asia shares inch ahead, euro steady as Fed meets
January 27th, 2015
Most Asian share markets firmed on Tuesday and the euro clung to rare gains, relieved that European equities had weathered Greece’s election outcome without too much disruption. The main European indices were expected to open higher, though foul weather ...
Gold Heads for Longest Losing Run This Year Before Fed Meeting
January 27th, 2015
Gold fell for a third day to the lowest level in a week before Federal Reserve policy makers gather and as European finance ministers agreed to work with the new Greek prime minister to keep the country in the ...
Russian Ruble Falls After Tensions Flare Over Ukraine
January 26th, 2015
The Russian ruble fell sharply on opening on Monday, following a weekend of violence in eastern Ukraine and threats of further Western sanctions against Russia. At 10:55 the ruble was down 2.4 percent against the dollar at 65.82 and 2.4 percent weaker against the euro at 73.85. President Vladimir Putin blamed “criminal orders” by Ukrainian ...
The second stage in the washing cycle – Layering (Video)
January 26th, 2015
Layering Layering is the process of separating the proceeds of criminal activity from their origin through the use of many different techniques to layer the funds. These include using multiple banks and accounts, having professionals act as intermediaries and ...
Revenge of Disaffected Europe Risks Crisis Sparked in Greece
January 22nd, 2015
They speak different languages, they come from different backgrounds, yet all have the same message of frustration that’s threatening to redraw the European political map over the next year. Starting with elections this Sunday in Greece and heading west ...
