Major banks moved vast sums of illicit money: ICIJ

first_img“These documents, compiled by banks, shared with the government, but kept from public view, expose the hollowness of banking safeguards, and the ease with which criminals have exploited them,” wrote US outlet Buzzfeed News, in the introduction of its report.The documents relate to US$2 trillion in transactions that circulated between 1999 and 2017.The investigation points in particular to five major banks — JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank and Bank of New York Mellon — accused of continuing to move assets of alleged criminals, even after being prosecuted or convicted for financial misconduct.”The networks through which dirty money traverse the world have become vital arteries of the global economy,” Buzzfeed News reported.In a statement, Deutsche Bank said that the ICIJ’s revelations were “well known” to its regulators. The bank also said it had “devoted significant resources to strengthening our controls,” as well as focused on “meeting our responsibilities and obligations.”The investigation also highlighted the American authorities’ lack of power in regulating dirty financial transactions.In a statement released prior to the investigation’s publication, FinCEN said that the “unauthorized disclosure of SARs is a crime that can impact the national security of the United States.”Topics : Massive sums of allegedly dirty money have flowed for years through some of the world’s largest banking institutions, said an international journalism investigation published Sunday, which denounced shortcomings in sector regulations.”Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in a Ponzi scheme were all allowed to flow into and out of these financial institutions, despite warnings from the banks’ own employees,” according to the probe from Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ).The investigation, which was led by 108 international media outlets from 88 different countries, is based on thousands of suspicious activity reports (SARs) submitted to the US Treasury Department’s financial law enforcement agency, FinCEN, by banks from around the world.last_img read more

Man Utd, Liverpool, Chelsea and Arsenal would all ‘love’ to sign Jadon Sancho, says Owen Hargreaves

first_img Metro Sport ReporterSunday 31 May 2020 7:48 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link2.1kShares Comment Sancho scored a hat-trick for Borussia Dortmund on Sunday (Picture: Getty)‘He’s going to cost a lot but he’s worth it, I’d love to see him back in the Premier League.’Manchester United, Liverpool and Chelsea have all been heavily linked with moves for Sancho ahead of the summer transfer window.Last week, Red Devils and Wales legend Ryan Giggs named Sancho as one of the three best young players in world football.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityHe said: ‘I’ve seen Marcus Rashford coming through the ranks [at Manchester United], such a talented player.‘And you have Jadon Sancho at Dortmund, a young player who’s made the bold decision to leave Manchester City and go to another country at a young age. And he really has made a difference.‘His team-mate as well, Erling Haaland who’s scoring lots of goals.’Will Jadon Sancho leave Borussia Dortmund this summer?Yep!0%No chance0%Share your resultsShare your resultsTweet your resultsFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page.MORE: Why David Moyes rejected chance to sign Paul Pogba at Manchester UnitedMORE: Frank Lampard makes Chelsea transfer admission amid Jadon Sancho links Advertisement Man Utd, Liverpool, Chelsea and Arsenal would all ‘love’ to sign Jadon Sancho, says Owen Hargreaves Owen Hargreaves has urged Premier League’s biggest clubs to sign Jadon Sancho (Picture: BT Sport)Owen Hargreaves has hailed ‘remarkable’ Jadon Sancho and claimed Premier League rivals Manchester United, Liverpool, Chelsea and Arsenal would all ‘love’ to sign the Borussia Dortmund forward.Sancho, 20, scored a hat-trick on his first start since the Bundesliga resumed as Dortmund thrashed bottom-placed Paderborn 6-1 on Sunday.The England international’s three goals took his tally for the season to 17 and former Premier League star Hargreaves paid tribute to the youngster following the match.Asked which Premier League club Sancho could end up joining this summer, Hargreaves told BT Sport: ‘He makes every team better, that’s for sure.ADVERTISEMENT‘Everyone would love to have him. Man United, Man City, Liverpool, I think he’s that good that he gets in all of them.AdvertisementAdvertisement‘United, Chelsea and Arsenal would all love to have him. It depends on personnel and who could afford him?‘It will cost a lost but he’s a generational talent, truly remarkable with his goals and assists and he can play in different positions. Advertisementlast_img read more

Home in Trinity Park’s Bluewater marina is perfect fit for all buyers

first_imgOwners of 14 Apollo Quay, Trinity Park at Bluewater, Maureen and John Bennett, are selling their home via Cairns Property Shop. June 17, 2017“You can spend a lot of time pottering with the boat without worrying about the lawn.“You can have a barbecue and enjoy a drink on the deck and take in the water views, you can’t get much better than that.”The property’s pontoon can accommodate vessels up to 12m and is the perfect place for kids to skip stones and learn how to cast a line.For those who love the outdoors, especially water sports and golf, Bluewater’s proximity to the Half Moon Bay Golf Club and a variety of quality dining spots are also expected to draw interest in the property.In fact, locals have been known to take smaller boats up to Yorkeys Knob Boating Club for a meal.“You don’t have to take a vehicle,” Mr Bennet said. “It just adds another dimension to going out.” Owners of 14 Apollo Quay, Trinity Park at Bluewater, Maureen and John Bennett, are selling their home via Cairns Property Shop. June 17, 2017Mrs Bennett said the couple had both lived in the home and rented it out while living in a neighbouring house, and listed a practical layout as one of the building’s drawcards.“It is a very large house on a small piece of land and features two outdoor balconies and very reasonably sized bedrooms,” she said.“If there is someone working in the kitchen, you can still be very involved in the life of the family because it is all open. “You can open the doors to the outdoor balcony which leads to the canal and all that is one open room – it’s just lovely.”The pair, who spent some time working in Papua New Guinea as fly-in, fly-out employees said the home’s easy upkeep would suit those working away or couples with demanding careers.More from newsCairns home ticks popular internet search terms3 days agoTen auction results from ‘active’ weekend in Cairns3 days ago“You don’t have great quantities of lawn to mow and gardens to look after but you feel you’re in a green tract,” Mr Bennett said. Owners of 14 Apollo Quay, Trinity Park at Bluewater, Maureen and John Bennett, are selling their home via Cairns Property Shop. June 17, 2017A FAMILY-friendly, low-maintenance home at one of Cairns’ most exclusive addresses is set to go under the hammer next month.John and Maudi Bennett bought the four-bedroom, two-bathroom house at 14 Apollo Quay at Trinity Park’s Bluewater marina five years ago but health issues are forcing the couple to sell up and move closer to Brisbane.An integrated open-plan living area leads out to a canal terrace perfect for entertaining right on the water’s edge, and direct access to a personal eight-metre pontoon provides an easy escape to a day of snorkelling and diving on the Great Barrier Reef.center_img Owners of 14 Apollo Quay, Trinity Park at Bluewater, Maureen and John Bennett, are selling their home via Cairns Property Shop. June 17, 2017Property Shop sales and marketing director Ben Johnston said the state-of-the-art, architecturally designed residence was filled with natural lighting. “It’s really quite an opulent home and there are not many who will go past the gourmet chef-style kitchen with marble benches, ample cupboard and bench space and integrated fridge/freezer, microwave and built in coffee machine,” he said. “There is also split-system airconditioning throughout, a pool, a double garage, side access, and a completely fenced yard to maintain privacy.”last_img read more

This is the Qld house most property hunters wanted to look at this week

first_imgQueensland’s most viewed property this week was at 24 Dobson St, Ascot. Picture: was a contemporary home at 24 Dobson St, Ascot which was the Queensland property most potential buyers wanted to get a better look at this week.New figures reveal the home was the most viewed in Queensland and fifth most viewed in Australia this week on 1920s four-bedroom house is listed Cobey Parnell of Shaw Property Group.It underwent a complete architect-designed rebuild by its current owners. The home has imported oak parquetry and natural marble. 7-13 King Arthur Drive, Sovereign Islands.The seven-bedroom home known as Chateau de Reves, is considered a Gold Coast trophy home.It is the first time the house is being offered for sale. It occupies at 3070 sqm site and has 85 metres of water frontage.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours ago7-13 King Arthur Drive, Sovereign Islands.The home was built in 2001 and took three years to complete. Features include imported Venetian Murano glass, an Italian imported timber balustrade and Botticino marble floors.At the cheaper end of the scale a home at 16 Wiltshire Drive, Mudgeeraba was the third most viewed Queensland property this week.The home, listed through Ray White – Robina’s Greg Corcoran, is listed for offers of more than $550,000. 16 Wiltshire Drive, MudgeerabaThe four-bedroom house has a covered entertainment area which opens up to a large swimming pool.The back deck is made of Merbau.A tri-level home at 1 Miriam St, Holland Park West, was the fourth most viewed property in Queensland on this week.The three-bedroom home which is listed through John Kubatov of Class Real Estate – Bulimba,is seeking offers in the mid to high $600,000s. 24 Dobson St, Ascot. Picture: has traditional cathedral windows with French shutters, hand cut sandstone and travertine security fence. There are five metre high ceilings and custom wall panelling.A stunning mansion on the water at the Gold Coast was the next most popular listing this week.The home at 7-13 King Arthur Court, Sovereign Islands is listed through Paul Arthur of Queensland Sotheby’s International Realty. 57 Castile St, IndooroopillyA home at 57 Castile St, Indooroopilly with a price guide between $3 million and $3.3 million rounds out the top five this week.The home which is listed through, Alex Jordan of McGrath Real Estate Paddington, overlooks the St Lucia Golf Links. 57 Castile St, IndooroopillyIt is on an elevated 708sq m block. Inside is an open plan lounge and dining zone. There is a secluded terrace and a self cleaning, heated swimming pool plus spa. 1 Miriam St, Holland Park WestThe townhome has views of the city skyline. On the lower level is parking and a laundry and a timber staircase which leads to the middle level, which has the living areas.The bedrooms are on the upper level.last_img read more

Storebrand, PensionDanmark, Alecta sign mass letter to energy agency on climate

first_imgThe signatories said: “We urge you to do better.”Though they understood the IEA did not intend to define policy or investment decisions, they stressed that the WEO is the globally authoritative publication on energy and energy infrastructure and is used to inform significant investment and political decisions worldwide.“As the WEO can become a self-fulfilling prophecy, it carries a major responsibility that goes way beyond that of other publications that are merely descriptive,” they wrote, adding that the IEA could not be derelict of this responsibility.“We renew our call on the IEA to make a fully transparent Sustainable Development Scenario the central reference in the 2020 WEO,” they wrote.“The ambition of the SDS must be increased to present a reasonable probability of reaching net-zero emissions by 2050 (not 2070) and limiting warming to 1.5ºC (not 1.8ºC),” the letter reads.The year 2020 was a turning point for the world, the signatories wrote, saying this was the year when people either grasped the challenges and opportunities before them, or continued delaying and obstructing the low-carbon transformation.“This is an opportunity for the IEA to step out in front and show the world what is necessary for us to deliver a 1.5ºC future,” the letter concludes.Odd Arild Grefstad, chief executive officer of Storebrand, said separately that the IEA needed to provide better tools for governments, investors and companies to align policies, investments and business strategies with the Paris Agreement.“The IEA has the opportunity to take the lead and showcase what it takes to deliver in line with the Paris Agreement. In their latest report, they have not succeeded in this,” he said.Other signatories to the joint letter from the pensions and investment sector include leaders of Folksam, IKEA, AMF, Nordea Life & Pension, Zurich Insurance Group and Allianz. Nordic pension providers including Norway’s Storebrand, Danish pension fund PensionDanmark and Sweden’s biggest pension fund Alecta are among 64 signatories of a hard-hitting letter telling the head of the International Energy Agency (IEA) his organisation must urgently provide a lead in decarbonisation efforts.Sent to Fatih Birol, the executive director of the IEA in Paris today, the letter from climate action organisations, prominent individuals, academics and investors took issue with the agency’s 2019 World Economic Outlook (WEO) released on 13 November.The signatories welcomed improvements the IEA had made to this latest annual WEO, including renaming the New Policies Scenario to the more accurately entitled ‘Stated Policies Scenario’, extending the Sustainable Development Scenario (SDS) to 2050, and reintroducing some discussion of the critical 1.5ºC warming limit.However, they wrote: “Such minor improvements are very welcome, but should not be mistaken for delivering upon urgently needed substantial changes.”last_img read more

ECCB Issues EC Notes with Braille Features

first_img 23 Views   no discussions Share In an effort to provide EC Notes which are easier for blind and visually impaired persons to use, the Eastern Caribbean Central Bank (ECCB) has issued a series of notes with braille features.Braille is a universal system of writing and printing which enables blind or visually impaired persons to read and write through touch. It consists of a pattern of raised dots which are arranged on special paper and represent letters, numbers and characters.The braille characters on the upgraded EC Notes feature a cricket theme in the form of balls and stumps.These characters have been added to the 10, 20, 50 and 100 dollar bills. All the other features of the notes, including the profile watermark of Her Majesty Queen Elizabeth the Second, the security features and the images, remain the same. The $10 EC notes with the braille features are now in circulation and are available at the commercial banks in the ECCB member countries; Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia and St Vincent and the Grenadines. The other three notes will be issued on demand.Press Release Share LocalNews ECCB Issues EC Notes with Braille Features by: – April 18, 2012center_img Sharing is caring! Share Tweetlast_img read more

Disaster response: Region 6 LGUs ill-equipped?

first_imgILOILO City – The recent typhoon“Ursula” showed which local government units (LGUs) were prepared to respond tonatural disasters and which were ill-equipped, according to Director JoseRoberto Nuñez of the Office of Civil Defense (OCD) in Western Visayas. “Meronpalang problema doon sa taas. Ganito ang sitwasyon ng bundok ng Batad. Sa mga ganito,kailangan ng communication and equipment,” said Nuñez during a recentmeeting of the Regional Disaster Risk Reduction and Management Council(RDRRMC). Nuñez suggested that LGUs invest indisaster response equipment. OCD would be checking each LGU’sdisaster risk reduction and management plans. Nuñez said he won’t approve plans ofLGUs which have not invested in disaster response equipment. All LGUs must make their areasresilient to disasters and the first step is make sure they have the capabilityto respond to disasters such as flooding and landslides, among others, hestressed. The equipment LGUs have to invest inshould depend on the kind or type of hazard that poses risk to their areas, hestressed. “Dapatmeron tayong action plan, contingency bawat LGU,” said Nuñez. He cited as example the municipalityof Batad in Iloilo province where a family of six fleeing “Ursula” was sweptaway by raging floodwater when the typhoon struck on Christmas Day. For her part, Director Ro-Ann Bacal ofthe National Economic and Development Authority (NEDA) in Western Visayas urgedLGUs to identify “critical areas” where the resources of the nationalgovernment are necessary. RDRRMC also counted 226,268 damagedhouses in the provinces of Aklan, Antique, Capiz, and Iloilo. “There will be a checklist,” saidNuñez. The OCD director acknowledged that hehad no authority to sanction LGUs that fail to invest in disaster responseequipment thus he is leaving it to the Department of the Interior and LocalGovernment to take action. “We have trained personnel. They couldnot just invest in equipment without the properly trained personnel,” saidNuñez. Three provinces of Western Visayasincurred millions of pesos of damage from “Ursula.” Consolidated data from the RDRRMCshowed “Ursula” displaced 338,335 families (1,461,165 persons) in WesternVisayas. Three provinces, one city and 23 municipalities declared a state ofcalamity. “We need to go where the attentionneeds to be hastened. With the report of the provinces, we hope you can guide uswhere the critical areas are so we can also plan out where we will be able toassist the LGU,” she said. For those prone to flooding, theycould invest in search and rescue equipment. The agri-fishery sector initiallyestimated losses at P1.387 billion while the Department of Public Works andHighways estimated the damage to infrastructure at P48.9 million./PNlast_img read more

Simona Halep stages another Dubai comeback to reach semis

first_imgDUBAI: Top seed Simona Halep had to come from behind for a second straight day on Thursday, overhauling Aryna Sabalenka 3-6, 6-2, 6-2 to reach the Dubai Championships semi-finals.Halep, who had saved a match point in knocking out Ons Jabeur 24 hours earlier, said she had to pick up her pace after losing the first set.”Everything was a little bit fast, too powerful. When I got the rhythm, it was much easier for me to feel the game,” said the world number two. “I played quicker in the second and third set. She didn’t have time to hit the ball. I think that was the key of the match. It’s good to have tough matches. I’m here to give everything I have to win every match I play. I’m happy with these matches.”The Romanian star will face Jennifer Brady on Friday for a place in the final.US qualifier Brady, who beat third seed Elina Svitolina in the first round, booked her last-four spot by dispatching ninth seed Garbine Muguruza, 6-7 (5/7), 6-3, 6-4.Elena Rybakina claimed a season-leading 18th victory with a 7-6 (7/1) 6-3 win over second seed Karolina Pliskova of the Czech Republic.The Kazakh winner has been on a tear in 2020, winning the Hobart trophy and playing finals in Shenzhen and last weekend in St Petersburg.Rybakina will Friday face Petra Martic after the Croatian eighth seed defeated Anett Kontaveit of Estonia 7-6 (7/4), 6-1.As she had on Wednesday, when playing Tunisian wildcard Jabeur, Halep had to fight her way out of a deficit after losing the opening set. The 2015 Dubai champion lifted her game to win the second set and ran off to a 4-1 lead in the final set before finishing off the night three games later.Victory avenged the loss Halep suffered against Sabalenka last month in Adelaide.Brady, who ranks just outside the Top 50, has stunned herself with her form this week.”I was able to find a way, I wasn’t feeling my best,” she said after seeing off Muguruza. “Maybe I didn’t play my best tennis, but I stayed in there, competed and came out on top.”Brady recovered from a set down against the two-time Grand Slam winner from Spain, winning the second set by breaking her opponent’s last two serves.She finished off the upset a set later on a second match point. AgenciesAlso Read: Simona Halep downs Jabeur to enter quartersAlso Watch: Oil India Ltd (OIL) confers Shikshya Ratna Puraskar 2019 to Teachers in Duliajanlast_img read more

Investigation into abandoned West Indies-India Test launched

first_imgTHE Trinidad and Tobago Cricket Board (TTCB) and the Queen’s Park Cricket Club (QPCC) have launched a joint investigation into the washout of the fourth Test between West Indies and India.The Windies were 62-2 in their first innings when heavy rain in Port of Spain on the island of Trinidad cut short play on day one at the Queen’s Park Oval.Despite sunshine and blue skies for the four following days, the outfield retained too much water for the pitch to be playable, with West Indies losing the series 2-0.As a result, India missed out on the 3-0 win needed to retain their place at the top of the International Cricket Council Test rankings, with Pakistan displacing them.The TTCB and QPCC will probe the circumstances that led to the lack of play, with the aim of avoiding a repeat in the future.“As hosts, the Trinidad and Tobago Cricket Board (TTCB) and QPCC regret that limited play was possible in the fourth Test match between WI and India at the Queen’s Park Oval,” a statement from TTCB president Azim Bassarath read.“We have jointly launched an investigation to determine what occurred with a view to remedying the situation so that this does not occur in the future. “Once this has been done it will be presented to the WICB (West Indies Cricket Board). ”( read more

Cornell’s Pannell rebounds from broken foot to join 300-point club

first_img Facebook Twitter Google+ After 13 months filled with uncertainty of his future and concern for his collegiate career, Rob Pannell is back atop his craft. A broken foot on March 3, 2012, left Pannell’s future with Cornell — and college lacrosse — in doubt.But on March 26 of this year, Pannell joined elite company, scoring his 300th career point.“It’s been a goal of mine for a while now, a few years,” Pannell said, “and it’s always good to reach your goals.”A five-point day in a blowout win over Siena placed Pannell on the prestigious list of now only eight players to score 300 points in a college career.It was the latest accomplishment in the legendary career of the Big Red’s all-time leading scorer. He’s won a pair of Jack Turnbull Awards as the nation’s best attack and is the presumed frontrunner for this year’s Tewaaraton Award.AdvertisementThis is placeholder textAnd it all comes just more than a year after his NCAA future was cast into serious doubt.On March 3, 2012, Pannell broke his left foot in a blowout victory over Army. Just weeks into his senior season at Cornell, Pannell’s collegiate career could have ended.For about three months, Pannell’s future was left shrouded in mystery. Having completed four years of college, Pannell would have the opportunity to leave school and play Major League Lacrosse. Or he could have transferred, perhaps, to Virginia, where he would’ve had the opportunity to play with his brother.But there was a way he could stay at Cornell. Though Ivy League rules prohibit an athlete with a degree from gaining an extra year of eligibility, Pannell could simply opt not to graduate and appeal to the league about gaining another year. His appeal was granted, and he has come back stronger than ever.“I was pretty confident that when I returned that I was going to be the player that I was before I got injured,” Pannell said. “I’m of the type of attitude that I wouldn’t have been happy if I had come back and was a lesser player.”On Oct. 7, 2012, Pannell asserted his return to his coach and the rest of the nation. More than six months after his injury, Pannell took the field at The Landon School in Bethesda, Md., for the Capital Lacrosse Invitational.First came a pair of scrimmages with his Cornell team. To end the day, he took the field with Team USA. Playing against the best players in the world, Pannell stole the show, tallying eight points.He was back.“I was able to sit in the stands and watch him play,” Cornell head coach Ben DeLuca said, “and I think at that point in time, I knew there was going to be no problem having him back and integrating him back into our offense.”Now, he’s lumped in with the likes of Matt Danowski, Mikey Powell and Tim Nelson as 300-point scorers and lacrosse legends.Syracuse head coach John Desko coached Powell at SU in the early 2000s. Though he hasn’t seen the newest member of the 300-point club play a ton this season, he has a deep appreciation for Pannell’s game and his ability to rebound from injury.“He’s been very productive, you know,” Desko said. “This is a fifth year for him, and I think he’s probably playing his best lacrosse coming off an injury last year and another year of maturity, another year of, you know, playing.”What amazes Desko most, though, is how often Pannell has the ball in his stick, but what sets Pannell apart is his ability without the ball in his stick.Pannell scored just three points in a win over Dartmouth on March 30, but the Big Red still put 21 goals on the board in a 16-goal victory. He diverts so much attention that it opens things up for his teammates.It’s that type of mentality that he has in mind as he looks to achieve his next goal. He’s already scored his 300th career point and set Cornell’s all-time scoring record, but it leaves one glaring hole on his resume: a national championship.“That’s the ultimate goal of mine and of our team,” Pannell said. “A lot of other goals, or we like to say, ‘standards,’ for the Cornell lacrosse team will be set along the way.” Comments Published on April 2, 2013 at 12:33 am Contact David: | @DBWilson2last_img read more