19th November 2018
AP — Britain’s Home Office says that the company contracted to collect visa applications in Russia has “absolutely no involvement with the decision-making process.” The company, TLSContact, is “simply an application point,” according to a statement. Final decisions are made in the U.K. The statement late Friday came in… Read More
19th November 2018
A decade after a U.S. crackdown ended Swiss banking secrecy, rich Americans are flocking back to UBS (UBSG.S) as they look to diversify their investments in a volatile U.S. political landscape, a senior executive at the Swiss group told Reuters. “The interest has increased, for political reasons and for… Read More
19th November 2018
AP — British Prime Minister Theresa May fought back against critics of her Brexit deal Saturday, telling opponents from within her party their alternative plans for Britain’s departure from the European Union wouldn’t work. May is battling to win over rebels in her Conservative Party and… Read More
16th November 2018
European Union states are still divided over an overhaul of rules for the supervision of banks against money laundering, two EU sources said on Wednesday. EU confidential documents show countries had agreed a preliminary common stance on the reform proposed by the European Commission in September which would give more… Read More
16th November 2018
Kweku Adoboli, a former UBS trader jailed for Britain’s biggest fraud over unauthorised trades that cost the Swiss bank $2.3 billion (1.7 billion pounds), has been deported to Ghana, his spokesman said. Adoboli was put on a commercial flight from Heathrow on Wednesday after being detained in Scotland earlier in… Read More
16th November 2018
A special European Union initiative to protect trade with Iran against newly reimposed U.S. sanctions faces possible collapse with no EU country willing to host the operation for fear of provoking U.S. punishment, EU diplomats said. The main European powers – Germany, France and Britain – will raise pressure on… Read More
15th November 2018
Britain’s Secretary of State for Exiting the European Union, Dominic Raab, resigned on Thursday, the morning after the government and EU announced a draft Brexit deal had been reached. “I regret to say that, following the Cabinet meeting yesterday on the Brexit deal, I must resign,” Raab reportedly said,… Read More
15th November 2018
Danske Bank’s (DANSKE.CO) 200 billion euro ($225 billion) money laundering scandal might be the “tip of the iceberg” and investigators should examine whether major Western banks played a role, a lawyer for the whistleblower said. Stephen Kohn, a partner at U.S. law firm Kohn, Kohn and Colapinto who is representing… Read More
15th November 2018
Geneva prosecutors said on Tuesday they are looking at whether Credit Suisse (CSGN.S) exercised adequate oversight of money deposited in its accounts that belonged to Turkish investors who suffered losses. Two independent asset managers who used Credit Suisse accounts to deposit money from wealthy Turkish clients are suspected of covering… Read More
15th November 2018
A leading British trade union is calling for the government to change laws in order to protect employees from ‘excessive surveillance’ following revelations that financial and other firms in the United Kingdom have started fitting their employees with microchips. The development comes amid concerns that bosses could use the technology… Read More
Must Read

Iran courts jail 30 men for economic crimes after public outcry

Fast-track courts set up in Iran to fight economic crime have jailed 30 men for up to 20 years each, the judiciary said on Sunday, as the country faces renewed U.S. sanctions and a public outcry against profiteering and corruption. The new Islamic revolutionary courts — whose rulings cannot be… Read More

Police arrest over 200 fake-cash ‘customers’ after counterfeit money agent jailed

Law enforcement agencies across Europe have taken action against suspects who bought counterfeit euro banknotes on illegal platforms on the Darknet. In total, almost 300 house searches were conducted in 13 different countries and 235 suspects were detained. Law enforcement also seized around 1 500 counterfeit euro banknotes. Read More