Recent Posts Tagged With 'china'

• \'Hot Money\' from China Escalates House Prices in Hong Kong

  Posted on Thursday December 17th, 2009 at 07:14 in china, hong kong, aml, laundering

  Hong Kong stock and real estate markets have recently soared simultaneously. Experts believe it was caused by an influx of “hot money” from mainland China, and worry that it will lead to economic bubbles."Hot money" refers to funds that are contr...

• Chen funds in Swiss bank may be retrieved

  Posted on Tuesday October 13th, 2009 at 01:43 in china, taiwan, corruption, switzerland, aml, laundering

  Former President Chen Shui-bian's NT$1.27 billion (US$38 million) in Switzerland may still be retrieved, Special Counsel spokesman Chen Yun-nan said yesterday. Two Swiss banks have reported former first son Chen Chih-chung laundered the money, which ...

• Taiwan court upholds ex-president\'s detention

  Posted on Friday October 9th, 2009 at 05:55 in china, taiwan, corruption

  Taiwan's High Court on Friday upheld its earlier decision to keep former President Chen Shui-bian in detention after the Supreme Court ordered it to hold a hearing on the matter, an official said. The Supreme Court had questioned the High Court's con...

• FBI: Charities used to launder money

  Posted on Monday July 27th, 2009 at 16:59 in spain, Israel, china, japan, australia, france, Turkey, new zealand, syria, us, uganda, switzerland

  They talked in code. Cash was "gemoras." Money-laundering contacts were "washing machines." They met in cars, on a Brooklyn street corner, inside a bakery, and in a synagogue.Tens of thousands of dollars in cash was transported in plastic bags, in bo...

• US warns banks of terror financing in Pak, Iran

  Posted on Monday July 13th, 2009 at 08:56 in italy, china, japan, UK, Germany, iran, us, pakistan, russia, fatf, aml, cft

  The United States has warned banks and other financial institutions in the country against shortcomings in measures against money laundering and terror financing in five nations, including Pakistan and Iran.An advisory informed banks and other financ...

• US Treasury official presses Hong Kong bankers to help curb NKorean bank access

  Posted on Thursday July 9th, 2009 at 08:10 in china, Korea, terrorism, hong kong, us, macau, un, cft

  A top U.S. Treasury official met with Hong Kong regulators and bankers Thursday as part of an effort to keep North Korea from using the international financial system to fund its nuclear program and other illicit activities.Stuart Levey, a U.S. Treas...

• Spain Breaks Global Money Laundering Ring

  Posted on Saturday April 18th, 2009 at 16:13 in spain, venezuela, china, us, panama, eu, aml, laundering

  Written by Heidi WardmanSpanish authorities have arrested twenty people suspected of having facilitated an international money laundering operation through the sale of drugs. The investigation was initially launched in May 2008, when Police became su...

• Organized Crime Embraces Film Piracy; Terrorists May Follow, Report Says

  Posted on Sunday March 8th, 2009 at 11:46 in italy, Argentina, china, malaysia, Brazil, france, taiwan, UK, Ireland, terrorism, iran, us

  By Matthew HarwoodFilm piracy by organized crime is flourishing worldwide, with some of the proceeds possibly financing terrorism, according to a new report from the RAND Corp. financed by the Motion Picture Association.“If you buy pirated DVDs, th...