Business news

The year in business: A review of 2017

Leave a Comment on The year in business: A review of 2017

The year 2017 saw a burst of optimism among American investors and consumers, despite the turmoil sparked by President Trump’s first year in office. The President strode from one political storm to […]

READ MORE

Financial crimes

Plan to crack down on £90bn City money laundering

Leave a Comment on Plan to crack down on £90bn City money laundering

As much as £90bn of criminal money is laundered through the UK each year, according to the National Crime Agency. The test for the government’s updated anti-corruption strategy, published on Monday, will […]

READ MORE

Uncategorized / Сryptocurrencies

Hackers steal $64 million from cryptocurrency firm NiceHash

Leave a Comment on Hackers steal $64 million from cryptocurrency firm NiceHash

(Reuters) – A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about $64 million worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven […]

READ MORE

Uncategorized

Financial Crime Compliance: Current Global State of Play

Leave a Comment on Financial Crime Compliance: Current Global State of Play

Banks today are responsible for preventing a host of financial crimes from infiltrating their ecosystems. Some of these crimes, such as money laundering and sanctions violation, are highly visible, with high potential […]

READ MORE

Business news

UK’s top supplier of supermarket chicken fiddles food safety dates

Leave a Comment on UK’s top supplier of supermarket chicken fiddles food safety dates

The largest supplier of chicken to UK supermarkets has been tampering with food safety records in moves that could dupe consumers into buying meat past its use-by date. An investigation by the […]

READ MORE

Financial crimes

Cyber crime: The next systemic risk

1 Comment on Cyber crime: The next systemic risk

For the second time in a little under two months, an audacious hack of major institutions spanning vast geographies was executed by cyber criminals. Companies operating in around 64 markets were breached […]

READ MORE

Business news

2017’s top business stories

Leave a Comment on 2017’s top business stories

The rich got richer and the poor piled on more debt as shockwaves from the Brexit vote continued to reverberate in 2017. Billionaire George Soros dismissed Donald Trump as a “con-man”, while Britain’s biggest chicken supplier […]

READ MORE

Financial crimes

Strengthened EU rules to tackle money laundering, tax avoidance and terrorism financing enter into force

Leave a Comment on Strengthened EU rules to tackle money laundering, tax avoidance and terrorism financing enter into force

The Juncker Commission has made the fight against tax avoidance, money laundering and terrorism financing one of its priorities. Today, the Fourth Anti-Money Laundering Directive enters into force. It strengthens the existing […]

READ MORE

Financial crimes

Financial institutions say biggest threat of financial crime stems from cyberspace

Leave a Comment on Financial institutions say biggest threat of financial crime stems from cyberspace

Banking and investment management professionals think that the biggest threat of financial crime now stems from cyberspace, according to new research. A survey of nearly 200 senior professionals working in retail banks, investment banks and […]

READ MORE

Financial crimes

Legacy banks don’t have the IT to fight financial crime

Leave a Comment on Legacy banks don’t have the IT to fight financial crime

Amid increased security breaches and financial crime at incumbent banks, security has become a paramount concern for these organizations. However, it’s rapidly becoming clear that banks won’t be able to shore up their defenses until they […]

READ MORE

Business news

The 73-year-old Vietnamese refugee is responsible for bringing Sriracha to American consumers

2 Comments on The 73-year-old Vietnamese refugee is responsible for bringing Sriracha to American consumers

After settling in Los Angeles in 1979, Tran founded Huy Fong Foods Inc., named for the Huey Fong boat that brought him to the U.S., and started making hot sauces for local […]

READ MORE

Business news

Russia’s indigenous peoples campaign against Arctic pollution

Leave a Comment on Russia’s indigenous peoples campaign against Arctic pollution

Across the Russian Arctic, indigenous peoples are asking Elon Musk not to buy nickel from Norilsk Nickel, one of the largest nickel and palladium mining companies in the world. For the past […]

READ MORE

Business news

Brazilian food delivery drivers strike against employers, citing poor working conditions

Leave a Comment on Brazilian food delivery drivers strike against employers, citing poor working conditions

This article was written by Lucas Veloso and Jéssica Moreira. It is published here under a content partnership between Global Voices and Agência Mural.  As soon as he turned 18, Michel da […]

READ MORE

Business news

‘Caribbean super salesman,’ Jamaican tourism mogul ‘Butch’ Stewart, dies at 79

Leave a Comment on ‘Caribbean super salesman,’ Jamaican tourism mogul ‘Butch’ Stewart, dies at 79

Just after 11 p.m. EST on January 4, news broke that Jamaican hotelier Gordon “Butch” Stewart, the self-made businessman who perfected the all-inclusive tourism model the Caribbean is famous for, had passed […]

READ MORE