08 Dec 2016
Published in News

US sanctions against China over the East and South China Seas: a serious proposal?

The bill would represent an ambitious change in U.S. policy. If it becomes law, it would require the U.S. president to execute a range of punitive sanctions against Chinese individuals and entities for activities in the South China Sea and in turn sanction third-party financial institutions that interact with those entities knowingly.

02 Dec 2016
Published in News

India: Large volumes of cash source of corruption, writes PM Modi on Linkedin

Contending that large volumes of liquid cash are a big source of corruption and black money, Prime Minister Narendra Modi on Friday appealed to the people to “lead the change” towards cashless transactions to lay the strong foundations of an India where there is no place for such malaise.

02 Dec 2016
Published in News

U.S. anti-money laundering regulations well-developed, analysis finds

U.S. anti-money laundering regulations are well-developed, and domestic coordination to prevent money laundering and terrorist financing is sophisticated and has improved over the past 10 years, according to a Financial Action Task Force (FATF) evaluation issued Thursday.