The Philippines central bank has decided to penalize any bank involved in money laundering, stolen from Bangladesh Bank reserve with Federal Reserve Bank of New York. The heist scam has pointed the existing flaws in the country’s AML and the central bank won’t waste the opportunity to reform the laws, cites Nestor Espenilla Jr., deputy governor for BSP.
The IRS warns the public regarding a new scam targeted at tax payers and preparers. Cyber criminals are utilizing legitimate tax payers information in order to steal tax refunds.
Volkswagen will be facing the US court this week to discuss their solutions on the over 500,000 diesel cars affected with the faulty emission devices. Apart from the trial they're facing, the company is also facing dozens of lawsuits from owners of the defetive cars and from EPA.
India's leading IT company Tata Consultancy Services (TCS) today denied the charges of Intellectual Property infringement and asserted that it will appeal against the US Federal Court's verdict that slapped the company with 940-million.
