You have searched for "Money Laundering"
Showing 1-10 of 953
Philippine shares ended lower Wednesday for the sixth straight session, weighed down by geopolitical and economic concerns, and a drop in banking and telecommunications stocks, traders said.
Philippine shares ended higher Monday on follow through bargain hunting in select blue chips led by the B shares of Manila Electric, or Meralco, traders said.
THREE DAYS before Sept 11, 2001, Mohamed Atta, the man who piloted American Airlines flight 11 into the North Tower of the World Trade Centre (WTC) in New York, wired out a total of US$7,860 from two grocery stores in Maryland. On Sept 10, Marwan al-Shehri sent US$5,400 from a Greyhound bus terminal in Boston before he commandeered United Airlines flight 175 the next day, crashing it into the WTC South Tower. In both cases, the recipient of the funds was a terrorist support network based in the United Arab Emirates (UAE).
The cosy, privileged world of European offshore private banking, a traditional escape from the taxman, is facing extinction amid mounting regulatory pressures with the ultra-secretive Swiss banks most in the firing line, a major industry survey said.
THE US and Malaysia have been working #147;very well together#148; in stopping and tracking down laundered money, said US embassy deputy chief of mission Robert A. Pollard, who also called on banks, financial institutions and corporations to help stem the tide of money laundering.
THE Swiss government will continue to cooperate with foreign authorities, including Malaysia, in combating money laundering and other forms of financial wrongdoings involving its banking industry.
THIRTY-NINE per cent of businesses in the Asia-Pacific have suffered from economic crime in the last two years with an average recovery on loss of 20% or less, a survey showed.