U.S. Treasury Secretary announced support on restraining tax evasion during his speech in the International Monetary and Financial Committee (IMFC) press conference at the IMF headquarter on Saturday.
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 Vatican should be much more aggressive in dealing with people suspected of financial crimes like money laundering and step up prosecutions and indictments, a European finance watchdog agency said on Tuesday.
U.S. prosecutors are preparing to unveil drug trafficking charges against the head of Venezuela's National Guard, according to people familiar with the case, as the United States investigates the suspected involvement of senior Venezuelan officials in the cocaine trade.
