We have tax havens to thank for rising levels of global prosperity
Would the world be a better place if offshore finance didn’t exist?
Shadow chancellor John McDonnell doubtless thinks so, believing that the tax planning these jurisdictions make possible only hurts other countries.
Yet a look at the evidence might...
Société Générale fined $860 million for bribes and rate manipulation
Société Générale will pay more than $860 million in fines for bribing Libyan officials and manipulating a benchmark lending rate.
Between 2004 and 2009, the French bank paid $90 million in bribes to a Libyan broker, who then paid Libyan officials, the US ...
E-payment, digital signature options for all government services by 2023
SINGAPORE: A Digital Government Blueprint was launched by Deputy Prime Minister Teo Chee Hean on Tuesday (Jun 5), and in it, a target to offer electronic payment and digital signature options for all Government services by 2023.
Speaking at the ...
Commonwealth Bank agrees to pay $700m to settle money laundering lawsuit
The Commonwealth Bank has agreed to pay $700m to settle civil proceedings relating to breaches of anti-money laundering and counter-terrorism financing laws.
If the federal court accepts the offer it will be the largest civil penalty in Australia’s ...
ANZ, Deutsche Bank and Citigroup face 'criminal cartel' charges
Financial institutions ANZ, Deutsche Bank and Citigroup will be prosecuted on criminal cartel charges, Australia's consumer watchdog says.
The allegations concern arrangements for the sale of A$2.5bn (£1.4bn; $1.9bn) worth of ANZ shares in 2015.
The three ...