Iraq bans 8 local banks from US dollar transactions
By Timour Azhari BAGHDAD (Reuters) – Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S.…
French prosecutor probes transactions involving LVMH’s Arnault, Russian businessman
PARIS (Reuters) -The Paris public prosecutor’s office confirmed on Friday that it is investigating financial transactions involving LVMH owner Bernard Arnault and Russian businessman Nikolai Sarkisov. It confirmed the opening of a…
US reviews record number of foreign investment transactions in 2022
By David Shepardson WASHINGTON (Reuters) – A U.S. government committee on foreign investments reviewed a record number of proposed transactions in 2022, the Treasury Department said Monday. The Committee on Foreign Investment…
China’s digital yuan transactions seeing strong momentum, says cbank gov Yi
By Rae Wee SINGAPORE (Reuters) – Transactions using China’s digital yuan hit 1.8 trillion yuan ($249.33 billion) at end-June, the country’s central bank governor Yi Gang said on Wednesday, marking a jump…
Sri Lanka extends freeze on outward capital transactions by 6 months
COLOMBO (Reuters) – Sri Lanka’s government has decided to extend a restriction on outward capital transactions by six months due to pressure on its limited foreign exchange reserves, cabinet spokesperson Bandula Gunawardena…
South Korea, Indonesia central banks agree to promote local currency transactions
SEOUL (Reuters) – The central banks of South Korea and Indonesia signed a memorandum of understanding on Tuesday to cooperate on promoting the use of their currencies for bilateral transactions, such as…
Yuan overtakes dollar to become most-used currency in China’s cross-border transactions
SHANGHAI (Reuters) – The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed, reflecting efforts by Beijing to…
House Committee Has Identified ‘Six New Biden Family Members’ Involved In ‘Shady’ Transactions, Rep. Comer Says
House Committee Has Identified ‘Six New Biden Family Members’ Involved In ‘Shady’ Transactions, Rep. Comer Says Harold Hutchison on April 17, 2023 Republican Rep. James Comer of Kentucky said Monday that investigators…
Victim Reports Fraudulent Transactions Totaling $4,925 in Warwick Township
WARWICK TOWNSHIP, PA – Recently, a resident reported fraudulent transactions totaling $4,925 to the Northern Lancaster County Regional Police Department. The victim, who uses a savings account through Chime online banking, discovered…
Federal Prosecutors Aggressively Pursuing Those Who Lie in Connection With Firearm Transactions
OKLAHOMA CITY — The Western District of Oklahoma is aggressively seeking to keep firearms out of the wrong hands by pursuing those who lie in connection with gun purchases. Several recent cases…
Bethlehem Company Agrees to Pay $230,000 to Resolve Allegations It Failed to Notify the DEA and Maintain Required Records Regarding Chemical Transactions
PHILADELPHIA – U.S. Attorney Jacqueline C. Romero announced that Ungerer & Company, a flavor and fragrance business operating in Bethlehem, Pennsylvania, has agreed to pay $230,000 and improve its compliance measures to…
Bank of Russia open to relaxing curbs on non-residents transactions if sanctions eased
MOSCOW (Reuters) – Russia is open to relaxing restrictions on transactions by so-called unfriendly non-residents in exchange for the un-freezing of Russian assets abroad, its central bank said on Tuesday. Russia implemented…
Brazil to allow credit fintechs to initiate payment transactions
BRASILIA (Reuters) -Brazil’s National Monetary Council on Friday decided to allow credit fintechs to initiate payment transactions, the central bank said, a move that will in practice clear them to provide payment…
Revlon creditors challenge 2020 loan transactions
By Dietrich Knauth (Reuters) – Some of Revlon’s creditors have asked a U.S. bankruptcy judge in Manhattan to unwind the bankrupt cosmetic giant’s 2020 loan restructuring, saying that a group of senior…
Turkish central bank warns lenders against FX transactions during ‘off hours,’ other issues -letter
ANKARA (Reuters) – Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during “off hours” and offering deposits with very high…
Turkish central bank warns lenders against FX transactions during ‘off hours,’ other issues -letter
ANKARA (Reuters) – Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during “off hours” and offering deposits with very high…
U.S. allows transactions with two Venezuelan baseball teams
CARACAS (Reuters) – The U.S. Treasury Department has granted licenses allowing transactions with two Venezuelan baseball teams, the local Baseball League and two sources said on Friday. The move will let the…
IRS Obtains Court Order Authorizing Summons For Records Relating To U.S. Taxpayers Who Failed To Report And Pay Taxes On Cryptocurrency Transactions
Damian Williams, the United States Attorney for the Southern District of New York, David A. Hubbert, Deputy Assistant Attorney General for the Justice Department’s Tax Division, and Charles P. Rettig, Commissioner of…
SNB to use SNB bills and repo transactions to absorb liquidity – Maechler
ZURICH (Reuters) – The Swiss National Bank is going to use SNB bills and repo transactions to absorb liquidity in order to ensure short-term money market rates remain close to the now…
Cannabis platform LeafLink says it processed over $1 billion in transactions since 2016
(Reuters) – Wholesale cannabis platform LeafLink said on Wednesday its payments solutions processed over $1 billion in transactions since the company’s inception in March 2016. LeafLink is cannabis industry’s business-to-business platform that…
China issues draft rules to regulate financial holding companies’ related transactions
SHANGHAI (Reuters) – China’s central bank issued draft rules on Tuesday to regulate related transactions of financial holding companies. Such transactions must conform to rational commercial principles, be backed by genuine businesses…
Ohio Man Pleads Guilty to Structuring Financial Transactions
HUNTINGTON, W.Va. – An Ohio man pleaded guilty today to structuring financial transactions to evade reporting requirements. According to court documents and statements made in court, Gary McComas, 26, of Chesapeake, Ohio,…
Buffalo Man Pleads Guilty To Structuring Currency Transactions
CONTACT: Barbara BurnsPHONE: (716) 843-5817FAX #: (716) 551-3051 BUFFALO, N.Y. – U.S. Attorney Trini E. Ross announced today that Eric Iwu aka James, 32, a Nigerian citizen currently residing in Buffalo, NY, pleaded guilty to…
Russia further raises ceiling for cross-border transactions for individuals
(Reuters) – The Russian central bank said on Tuesday Russian residents and non-residents from “friendly” states will be able to channel foreign currency abroad equivalent to up to $150,000 a month, up…
Georgia Man Arranging Methamphetamine Transactions From Within Federal Prison Sentenced To 300 Additional Months
TALLAHASSEE, FLORIDA – Brian Stanton, 38, of Athens, Georgia, was sentenced to 300 months in federal prison following his trial conviction on charges of conspiracy to distribute and possess with intent to distribute…
Russia raises ceiling for cross-border transactions for individuals
(Reuters) – The Russian central bank on Monday said Russian residents and non-residents from friendly states will be able to channel foreign currency abroad equivalent to up to $50,000 a month, from…
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