imposes

Singapore imposes civil penalty on Credit Suisse for managers’ misconduct

Reuters0

SINGAPORE (Reuters) – The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$3.9 million on Credit Suisse AG for the bank’s failure to prevent or detect misconduct by its relationship managers, the regulator said on Thursday. Relationship managers in the bank’s Singapore branch had provided clients with “inaccurate or incomplete post-trade disclosures, resulting in clients being charged spreads which were above bilaterally agreed rates for 39 over-the-counter (OTC) bond transactions”, the MAS said in a statement. (Reporting by Xinghui Kok; editing by Francesco Guarascio)

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US puts visa curbs on those it accuses of ‘anti-democratic’ moves in Guatemala

Reuters0

WASHINGTON/GUATEMALA CITY (Reuters) -The U.S. government announced measures on Monday to punish what it has described as anti-democratic moves by officials including Guatemala’s top prosecutor that seek to annul the election won decisively by President-elect Bernardo Arevalo. The latest measures imposed by Washington are visa restrictions on nearly 300 Guatemalan nationals, including 100 lawmakers out of the 160-member unicameral Congress, accused of undermining democracy in Central America’s most populous country. The travel restrictions also target some private sector representatives and their family members. While the names of those Guatemalans targeted were not released due to confidentiality rules under U.S. law,

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U.S. Imposes Visa Bans Against West Bank Israelis, Blaming Them for October Terror Attack

Conservative Times0

WASHINGTON, D.C. – The United States announced on Tuesday the implementation of visa bans targeting individuals involved in violence in the Israeli-occupied West Bank. This move comes after repeated appeals for Israel to address violence perpetrated by Jewish settlers against Palestinians in the region. Secretary of State Antony Blinken detailed the new State Department visa restriction policy. It focuses on those believed to have undermined peace, security, or stability in the West Bank, including acts of violence or actions restricting civilians’ access to essential services. President Joe Biden and other U.S. officials have consistently urged Israel to take action against

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North Brunswick Imposes Curfew for Mischief Night and Halloween

Charlie Dwyer0

NORTH BRUNSWICK, NJ — The North Brunswick Mayor and Council has set a curfew for Mischief Night on October 30th and Halloween on October 31st. The curfew, effective at 8 p.m. on both nights, applies to all children under 18. The resolution for the curfew was adopted on September 18th, 2023, and mandates that children should not be on the streets or in public areas of North Brunswick Township after the 8 p.m. curfew time. The North Brunswick Police Department will enforce this curfew as part of their public safety measures. Residents are advised to adhere to the curfew to

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US imposes visa restrictions on more Nicaraguan officials over human rights

Reuters0

By Kanishka Singh WASHINGTON (Reuters) -The United States is imposing visa restrictions on dozens of Nicaraguan municipal officials for their role in alleged attacks on human rights, U.S. Secretary of State Antony Blinken said in a statement. THE TAKE Washington has previously sanctioned top figures in Nicaragua President Daniel Ortega’s administration including Vice President Rosario Murillo, three of her children, senior government officials and police and army top brass. Human rights groups say Ortega has in recent years repressed opposition politicians, news outlets, business leaders and the Catholic Church. BY THE NUMBERS Blinken said on Friday the State Department was

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New Jersey Court Imposes $8 Million Penalty on Illegal Statewide Waste Dumpers

Charlie Dwyer0

TRENTON, NJ – On September 7, a Superior Court ruling mandated 24 defendants to halt illegal waste dumping activities across 15 locations in New Jersey, impose restoration measures, and pay over $8 million in penalties. The court’s action follows a lawsuit filed in April by the New Jersey Attorney General and Department of Environmental Protection (DEP) against 25 individual and corporate defendants for illegally dumping waste. The defendants were found to have dumped a variety of waste materials, including construction debris, plastics, metals, and vehicle parts on private properties without the owners’ consent. In some instances, homeowners were misled by

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Phil Murphy’s Gun and Ammo Tax Closer After California Imposes 11% in First-In-Nation Legislation

Phil Stilton0

TRENTON, NJ – While guns and ammunition are subject to standard New Jersey sales tax, there is not an additional tax, but that could change very soon. In fact, Governor Phil Murphy has extensively lobbied for such a tax in the past. “This is what’s needed to support the efforts of [the attorney general], our State Troopers and county and local law enforcement, to fight crime and track gun violence, and to combat the trafficking of illegal guns into our state,” Murphy said when he last asked for a gun and ammo tax in the state. Make no mistake, this

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EU imposes sanctions for human rights violations Ukraine, Russia and other countries

Reuters0

BRUSSELS (Reuters) – The European Union said on Thursday it was imposing restrictive measures against 18 individuals and 5 entities for human rights violations in Afghanistan, South Sudan, Central African Republic, Ukraine and Russia. The Taliban ministers of Education and Justice as well as the acting Taliban Chief Justice of the Afghanistan Supreme Court are among the six individuals sanctioned because of their sexual and gender-based violence, the EU said in a statement. It also imposed restrictive measures against twelve other individuals and five entities responsible for serious human rights violations in Russia, referring to people who have misused facial

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Australia imposes sanctions on three men over downing of Flight MH17

Reuters0

SYDNEY (Reuters) – Australia has imposed financial sanctions and travel bans on three men involved in the downing of Malaysia Airlines Flight 17 (MH17) over Ukraine in 2014, Foreign Minister Penny Wong said on Saturday. MH17 was shot down by a Russian BUK missile system as it flew over eastern Ukraine from Amsterdam to Kuala Lumpur on July 17, 2014, killing all 298 passengers and crew, including 196 Dutch citizens and 38 Australian citizens or residents. In November, a Dutch court convicted two former Russian intelligence agents and a Ukrainian separatist leader in absentia of murder for their role in

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US imposes sanctions on Myanmar’s defense ministry, two banks -Treasury website

Reuters0

WASHINGTON (Reuters) – The United States on Wednesday levelled sanctions against Myanmar’s Ministry of Defense and two banks used by the Southeast Asian country’s military to purchase arms and other goods in foreign currencies, according to the Treasury Department’s website. The sanctions hit the Myanmar Foreign Trade Bank (MFTB) and Myanma Investment and Commercial Bank (MICB), which receive and transmit foreign currencies for Myanmar’s government, including state-owned enterprises that raise much of the junta’s revenues. (Reporting by Daphne Psaledakis and Simon Lewis; editing by Rami Ayyub)

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US imposes visa restrictions on Uganda officials after anti-LGBTQ law

Reuters0

By Kanishka Singh WASHINGTON (Reuters) -The United States has imposed visa restrictions on Uganda officials after the African nation passed an anti-LGBTQ law that was condemned by many countries and the United Nations, the U.S. State Department said on Friday. The law, considered one of the harshest in the world, was enacted in May and carries the death penalty for “aggravated homosexuality,” an offence that includes transmitting HIV through gay sex. It drew immediate rebukes from Western governments and put in jeopardy some of the billions of dollars in foreign aid the country receives each year. U.S. President Joe Biden

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Singapore’s central bank imposes additional capital requirement on DBS Bank

Reuters0

By Navya Mittal and Yantoultra Ngui (Reuters) -The Monetary Authority of Singapore on Friday imposed additional capital requirement on DBS Bank, the banking arm of the country’s largest lender DBS Group, following the disruption of its banking services in recent months. The moves follows the widespread unavailability of the bank’s digital banking services on March 29 and a subsequent disruption to its digital banking and ATM services on May 5, the Monetary Authority of Singapore (MAS) said in a statement. “Together with the additional capital requirement imposed on DBS in February 2022, this translates to approximately S$1.6 billion ($1.21 billion)

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SEC looks down on UpToken, imposes crypto fines

Reuters0

By Jonathan Stempel (Reuters) – The U.S. Securities and Exchange Commission has fined Seattle-based Coinme and related defendants nearly $4 million for conducting an unregistered and misleading offering of a crypto asset called UpToken. Friday’s settlement resolves claims that Coinme’s Up Global unit and Neil Bergquist, who led both entities, misled investors in a late 2017 initial coin offering for UpToken, which was issued on the Ethereum blockchain. The SEC said investors were led to believe Up Global would limit the supply of UpToken, while Coinme would create constant demand for UpToken to fund a bitcoin automated teller machine rewards

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US imposes sanctions on network supporting Iran’s drone, military programs

Reuters0

By Daphne Psaledakis WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on a procurement network it accused of supporting Iran’s drone and military programs, targeting companies and suppliers in China, Iran and elsewhere in the fresh action aimed at increasing pressure on Tehran. The U.S. Treasury Department in a statement said it imposed sanctions on the head of Iran’s Pardazan System Namad Arman (PASNA), which was already under U.S. sanctions, and the entity’s front companies and suppliers in Iran, Malaysia, Hong Kong and China that Washington said have enabled PASNA’s procurement of goods and technology. It marks the latest

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Europe Imposes First-Ever Climate Tax On Imported Goods

The Daily Caller0

Europe Imposes First-Ever Climate Tax On Imported Goods John Hugh DeMastri on April 18, 2023 The European Parliament finalized legislation Tuesday that will impose taxes on imports based on the greenhouse gas emissions made during their production, despite the objections raised by companies in the U.S. and China. The European Union’s (E.U.) Carbon Border Adjustment Mechanism (CBAM) would first take effect in 2026, and first cover emissions from companies producing iron, steel, cement, aluminum, fertilisers, electricity and hydrogen, according to the European Parliament. The taxes have been criticized by firms in the U.S., who are concerned about unnecessary regulation and red tape,

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EU Imposes Carbon Tax Despite Opposition From US, Chinese Firms

The Daily Caller0

EU Imposes Carbon Tax Despite Opposition From US, Chinese Firms John Hugh DeMastri on April 18, 2023 The European Parliament finalized legislation Tuesday that will impose taxes on imports based on the greenhouse gas emissions made during their production, despite the objections raised by companies in the U.S. and China. The European Union’s (E.U.) Carbon Border Adjustment Mechanism (CBAM) would first take effect in 2026, and first cover emissions from companies producing iron, steel, cement, aluminum, fertilisers, electricity and hydrogen, according to the European Parliament. The taxes have been criticized by firms in the U.S., who are concerned about unnecessary regulation and

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U.S. imposes sanctions on Chinese companies in action over fentanyl

Reuters0

WASHINGTON (Reuters) – Washington on Friday imposed sanctions on two entities based in China, accusing them supplying precursor chemicals to drug cartels in Mexico for the production of illicit fentanyl intended for the United States, the U.S. Treasury Department said in a statement. The Treasury said it also designated five people based in China and Guatemala in the action targeting fentanyl production. “Illicit fentanyl is responsible for the deaths of tens of thousands of Americans each year,” the Treasury’s under secretary for terrorism and financial intelligence, Brian Nelson, said in the statement. “Treasury, as part of the whole-of-government effort to

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US imposes fresh sanctions to restrict North Korea’s revenues

Reuters0

By Kanishka Singh WASHINGTON (Reuters) – The U.S. Treasury Department on Wednesday imposed sanctions on individuals and companies that it accused of illicitly generating revenue for the government of North Korea. The Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned Chilsong Trading Corporation, which it says is used by North Korea to earn foreign currency and collect intelligence; and Korea Paekho Trading Corporation, which is accused of generating funds for the North Korean government since the 1980s by conducting art and construction projects throughout the Middle East and Africa. OFAC also sanctioned two individuals – Hwang Kil Su and

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EU imposes sixth set of sanctions on Myanmar officials, firms over coup

Reuters0

(Reuters) – The European Union on Monday imposed a sixth round of sanctions on Myanmar over the 2021 military coup that overthrew elected leader Aung Suu Kyi and sparked global outrage. The new sanctions target nine persons and seven entities and include the energy minister, prominent businessmen, high-ranking officers and departments of the defence ministry and private companies supplying fuel, arms and funds to the military. In total, EU sanctions now apply to 93 individuals and 18 entities in the Southeast Asian country. Myanmar has been in turmoil since the coup with a resistance movement fighting the military on multiple

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Biden administration imposes China chip curbs on Macau

Reuters0

By Karen Freifeld (Reuters) – The Biden administration on Tuesday hit Macau with sweeping new export controls it previously imposed on shipments of advanced chips and chipmaking equipment to Beijing, flagging the risk that the technology could be diverted from the region to the rest of China. The United States in October placed the new restrictions on China, including controls on advanced computing integrated circuits and certain semiconductor manufacturing items, in a bid to thwart China’s military modernization and punish it for human rights abuses. Macau has been a Special Administrative Region of China since 1999 when it was returned

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Taiwan chipmaker UMC imposes strict cost controls over weak demand

Reuters0

TAIPEI (Reuters) – Taiwanese chipmaker United Microelectronics Corp (UMC) said on Monday it was implementing strict cost controls because of soft demand and a weak outlook, in a further sign of pain facing the tech industry. UMC, whose clients include U.S. company Qualcomm Inc and Germany’s Infineon, has benefited from a global semiconductor shortage that has kept chipmaker order books full in the past two years or so. But demand has slumped in recent months as soaring inflation, rising interest rates and a gloomy world economic outlook have led consumers and businesses to tighten spending. “Given the soft global economic

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Canada imposes sanctions on 2 Iranian individuals, 3 entities

Reuters0

OTTAWA (Reuters) – Canada is imposing sanctions on two Iranian individuals and three entities over human right violations, the Canadian foreign ministry said in a statement on Monday. Iran’s judiciary has sentenced three more anti-government protesters to death on charges of “waging war on God”, its Mizan news agency reported on Monday, defying growing international criticism over its fierce crackdown on demonstrators. “The Iranian regime must stop its horrific crackdowns on demonstrations,” Canadian Foreign Minister Melanie Joly said in the statement. (Reporting by Ismail Shakil in Ottawa; Editing by Chizu Nomiyama)

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Hungary imposes windfall tax on drug producers to plug budget gap

Reuters0

BUDAPEST (Reuters) -Hungary’s government has imposed a windfall tax on drug producers based on net revenues generated in 2022 and 2023, as it tries to plug holes in the state budget. According to a government decree late on Friday, the rate increases progressively, and will be 8% on net revenues exceeding 150 billion forints ($398 million). Companies must pay the new tax for both 2022 and 2023 next year, as the government tries to narrow the deficit, which is expected to hit 6.1% of economic output this year. Nationalist Prime Minister Viktor Orban earlier this year imposed big windfall taxes

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U.S. imposes sanctions on two Haitian politicians over drug trafficking

Reuters0

WASHINGTON (Reuters) – The United States on Friday imposed sanctions on a current and a former Haitian senator, accusing the two politicians of engaging in international drug trafficking activities, Washington’s latest action targeting corruption in the Caribbean country. In a statement, the U.S. Treasury Department said it had frozen the U.S. assets of Haitian senator Rony Celestin and former senator Richard Lenine Hervé Fourcand. “Rony Celestin and Richard Fourcand are two more examples of corrupt Haitian politicians abusing their power to further drug trafficking activities across the region,” the Treasury’s Under Secretary for Terrorism and Financial Intelligence, Brian Nelson, said

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