Daily News Brief
August 24th, 2016

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Deutsche Bank’s $10-Billion Scandal - The New Yorker

Ed Caesar on the American trader Tim Wiswell and how a scheme to help Russians secretly funnel money offshore unravelled....


New Anti-Corruption Commission ‘must regain public trust’

For the first time in its existence, the Cayman Islands Anti-Corruption Commission is no longer presided over by a member of local law enforcement and has no government employees appointed to its...


Anti-Corruption, Sanctions and Export and Import Risks

Forgive me for overusing the term “convergence” but when the shoe fits, I say “wear it.” If you are managing corporate risks and responsible for…


New Abedin Emails Reveal Hillary Clinton State Department Gave Special Access to Top Clinton Foundation Donors

Crown Prince of Bahrain Forced to Go Through Foundation to See Clinton, after Pledging $32 Million to Clinton Global Initiative Hollywood Executive Casey Wasserman, Slimfast Mogul Daniel Abraham, Controversial Appointee Rajiv Fernando also among Clinton...


Mega Financial shares hit by US fine; president resigns

TAIPEI -- Shares in Mega Financial Holding plunged 6.3% on Monday, days after it was fined $180 million by a U.S. regulator for executing questionable...


Navigating A Clear and Present Danger: Jamaica's Response to De-risking

Correspondent banking involves banks in large countries facilitating certain transactions for other banks. This may include wire transfers, business transactions, deposits and gathering of documents on behalf of the other financial institution....


Here’s Why Turkey Could Walk Away From Its EU Deal

Turkey became a crucial partner for the European Union over the past year as they fought to control the continent’s biggest refugee influx since World War II. But European leaders have become increasingly uncomfortable with what they see as authoritarian...


Trinidad and Tobago signs inter-governmental FATCA agreement with US

An agreement that will pave the way for the implementation of the Foreign Account Tax Compliance Act (FATCA) between Trinidad and Tobago and the United States...


Malaysia plans legal moves against 1MDB defrauders

Malaysia will take legal action against those who allegedly defrauded its state investment company 1Malaysia Development Bhd (1MDB) as the government seeks to defend its reputation and credibility.


Manchester man pleads guilty to federal drug, money laundering charges

A city man pleaded guilty in federal court Wednesday to drug and money laundering charges in connection with a multimillion-dollar drug case involving the distribution of heroin and fentanyl in New Hampshire....


Taiwanese bank reaches $180 million settlement

The state Department of Financial Services on Friday announced a $180 million settlement with the Mega International Commercial Bank of Taiwan for violations of anti-money laundering laws. The bank also was "indifferent" to money laundering risks...


Finding Ultimate Beneficial Owners - Harder Than Playing Pokemon Go

When the Panama Papers were released, beneficial ownership was once again the topic de jour in finan......


Canadian banks vs. FinTechs: a zero-sum game?

In Canada, the public has a love/hate relationship with banks, aggravated by a relatively uncompetitive market in which consumers lack choice....

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