(Channel NewsAsia) WASHINGTON: Euronet Worldwide Inc ramped up its fight against China's Ant Financial Services Group in trying to acquire MoneyGram International Inc , urging the U.S. government to closely scrutinize the rival Chinese bid saying it raises "significant national security risks."
Read MoreDRUGS, FAKES & MONEY LAUNDERING
China's ICBC appoints former FDIC chief Bair as independent director→
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Reuters: Industrial and Commercial Bank of China Ltd (ICBC) has appointed Sheila Bair, the former head of the U.S. Federal Deposit Insurance Corporation (FDIC), as an independent non-executive director.
Read More800 held in China after crackdown on underground banks in 2016→
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(PTI) Over 800 people have been detained in China last year for their alleged involvement in illegal banking activities to the tune of 900 billion yuan (USD 131 billion), officials said on Sunday.
Read MoreVolumen de transacciones en la plataforma LocalBitcoins registra máximo histórico en China→
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(Criptonoticias.com) China, uno de los países más importantes en el ecosistema de bitcoins, sigue experimentando cambios en su comunidad y mercado en diferentes facetas. Además de las actividades regulatorias protagonizadas por el Banco Popular de China, las recientes diversificaciones en las cuotas de poder procesamiento global de sus grupos de minería y la pérdida del liderazgo del Yuan como moneda fiduciaria principal en el comercio de bitcoins, hoy otro fenómeno aparece: la explosión del volumen de bitcoins intercambiados en la plataforma de intercambio LocalBitcoins.
Read MoreChina Is Developing its Own Digital Currency→
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(Bloomberg) China’s central bank is going digital. After assembling a research team in 2014, the People’s Bank of China has done trial runs of its prototype cryptocurrency. That’s taking it a step closer to becoming one of the first major central banks to issue digital money that can be used for anything from buying noodles to purchasing a car.
Read MoreHSBC under probe for money laundering | South China Morning Post→
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(SCMP/The Guardian) The City regulator is investigating HSBC over potential breaches of money laundering rules after concerns raised last year by the anti-crime monitor installed in Britain’s biggest bank.
Read MoreWho Is Betsy DeVos' Brother? Erik Prince's Involvement In Blackwater, Chinese Money Laundering Explained→
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(IBT) Newly-minted Education Secretary Betsy DeVos’ brother, former Navy SEAL Erik Prince, may be breaking federal law by providing military training services to Chinese paramilitary forces, BuzzFeed reported Thursday night. But his mercenary activities have a two-decade history, much of which involves his scandalized private security firm, Blackwater.
Read MoreChinese banks accused of money laundering | LSE Management→
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(London School of Economics) China has achieved phenomenal growth over recent decades, and its banks are now among the biggest in the world. Many are aggressively expanding overseas as the domestic economy slows, and in support of increasingly international ambitions of Chinese businesses. But, as they venture abroad, they are falling foul of regulations, especially anti-money laundering (AML) controls, indicating a pressing need for renewed focus on this issue.
Read MoreVatican freezes funds suspected to be connected with money laundering - Business Insider→
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VATICAN CITY (Reuters) - Vatican authorities froze more than two million euros in cases of suspected money laundering in 2016 as part of Pope Francis' drive to clean up the finances of the Holy See, its chief magistrate said on Saturday.
Read MoreGreeks Turn to the Black Market as Another Bailout Showdown Looms→
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(NYT) ATHENS — During seven years of a grinding economic crisis, Dimitri Tsamopoulos has lost at least half the clients from his once bustling tax consultancy. But in the past few months, business has jumped, not because the Greek economy is finally recovering but because it is falling even deeper into the abyss.
Read MoreReport: Bank of China to pay fine in Italy money-laundering→
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MILAN (AP) -- Italian media says the Bank of China has agreed to pay a 600,000-euro ($640,000) fine as part of a plea deal in a 4.5-billion-euro money laundering probe.
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Australian property market: Chinese investment investigated→
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(News.com.au) - AUSTRALIA’S money laundering watchdog investigated more than $3 billion in suspicious transfers by Chinese investors last year, including $1 billion in property transactions.
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