#Sri Lankan Money Laundering

[hubiqi]

The Dirty Truth: How Money Laundering Thrives Through Restaurants, Hotels, and Cults

Introduction Money laundering is the filthy underbelly of financial crime, a sophisticated dance of dirty cash passing through pristine channels to come out sparkling clean. It’s the skeleton in the closet for industries that operate primarily on cash. What’s scarier? Most of us have dined at these restaurants, stayed at these hotels, or even donated to these “charities” without realizing we’re…

[eyeviewsl]

A Brand New AML-Compliance Toolkit: Made in Sri-Lanka, Powered By AI 

Do you really Know Your Customer? Dossiers ensures that you do.  Anagha Smrithi  Bridging The Gap:  The need to keep up with strict AML (anti-money-laundering) regulations is often challenging for financial institutions. Consistently steering clear of regulatory fines can become costly, demanding and time intensive. A new Sri-Lankan start-up called Dossiers recognizes this challenge and offers…

[manishsahana]

Latest News: Top Headlines from Around the World

latest news

The world is constantly changing, and the latest news is essential for staying informed. From politics and business to science and technology, there is always something new happening in the world. Here are some of the top headlines from around the world on September 26, 2023:

India

Probe agency ED raids 12 locations linked to members of banned PFI in Kerala. The Enforcement Directorate (ED) on Tuesday raided 12 locations linked to members of the banned Popular Front of India (PFI) in Kerala. The raids were conducted in connection with a money laundering case. Bengaluru bandh today: Cauvery row straining Karnataka-Tamil Nadu explained. Karnataka and Tamil Nadu have been locked in a bitter dispute over the Cauvery river for decades. The dispute has flared up again in recent weeks, and a bandh has been called in Bengaluru today to protest against the Tamil Nadu government's decision to release water from the Cauvery dam. Sikh protesters burn Indian flag in Canada over Nijjar's murder. Sikh protesters in Canada burned the Indian flag on Monday to protest against the murder of Dilbag Singh Nijjar, a Sikh man who was killed in a suspected hate crime in Ontario. No power to look into Akasa-pilots feud: DGCA. The Directorate General of Civil Aviation (DGCA) has said that it does not have the power to look into the feud between Akasa Air and its pilots. The pilots have been protesting against the airline's salary and working conditions. 'Index inclusion to bring $25billion foreign inflows.' The inclusion of Indian stocks in global indices is expected to bring in $25 billion in foreign inflows, according to a report by Morgan Stanley. World

UK Cost-Of-Living Crisis Set To "Cut Lives Short": Report. A new report has warned that the UK's cost-of-living crisis is set to "cut lives short" as people struggle to afford food and energy. The report by the National Institute of Economic and Social Research (NIESR) said that the crisis could lead to an increase in deaths of up to 10,000 people per year. Keeping Up With Newlyweds Parineeti And Raghav - See Delhi Pics. Parineeti Chopra and Raghav Chadha got married in a private ceremony in Delhi on Monday. The couple shared pictures from the wedding on social media, and they were congratulated by fans and celebrities alike. 'India On Path Of Peace, We Want To Go With Them': Sri Lankan Minister. Sri Lanka's Foreign Minister Ali Sabry has said that India is on a path of peace and that Sri Lanka wants to go with them. Sabry made the remarks during a meeting with Indian External Affairs Minister S. Jaishankar in New York. Pics: Work At Ram Temple Site In Full Swing, Grand Inauguration In January. The construction of the Ram Temple in Ayodhya is in full swing, and the temple is expected to be inaugurated in January 2024. The temple is being built at the site where the Babri Masjid was demolished in 1992. Mark Zuckerberg, Priscilla Chan Aim To Tackle All Human Disease By 2100. Mark Zuckerberg and Priscilla Chan have announced that they are aiming to tackle all human disease by 2100. The couple has pledged $3 billion to support research into artificial intelligence and other technologies that could help to cure diseases. These are just a few of the top headlines from around the world on September 26, 2023. For more news, please visit your local news source or a reputable news website.

Analysis:

The news headlines from around the world on September 26, 2023 reflect a wide range of issues that are impacting people's lives. From the cost-of-living crisis in the UK to the war in Ukraine, there is something happening in the world that is affecting everyone.

It is important to stay informed about the latest news so that you can understand the world around you and make informed decisions about your life. You can stay informed by watching the news, reading newspapers and magazines, and listening to the radio. You can also follow news organizations on social media.

It is also important to be critical of the news that you consume. Not all news sources are created equal, and some sources may be biased or inaccurate. It is important to be aware of the different perspectives on an issue before you form an opinion.

[whattheabcxyz]

2023-09-11

Singapore

Another aggressive cyclist captured on social media, this time for denting driver's car bonnet

30-year-old Sri Lankan man turns himself in after murdering wife at Holiday Inn Express Katong

Shanmugam claims money laundering probe was not a result of external pressure - whatever 🙄

2nd jail term for Phoon Chiu Yoke for failing to wear mask during pandemic

20m-tall tree in front of City Plaza falls on vehicles, trapping passengers inside

Work to spruce up Pasir Ris Park to finish by 2024 - part of town’s central greenway completed

Nature

New, undocumented species of predatory fungus found

Singapore: Tapir spotted running along Punggol park connector

Politics

This is why we shouldn't trust journalism from 3rd-world countries

US-led initiative to build trade corridor could deepen rivalry with China

Health

35-year-old mother dies after amniotic fluid leaks into her blood during birth

Design

^ This is Valspar's colour of the year for 2024

Gossip

Chris Evans is married - she's 16 years his junior, wtf?!

Travel

Incheon Airport checkpoints' new SmartPass service allows passengers to skip queues

[htvpakistan]

Bollywood’s Jacqueline Fernandez says she too was conned and manipulated by conman Sukesh Chandrasekhar a week after she was named in a charge sheet filed by India’s Directorate of Enforcement (ED) in a money laundering case involving Chandrasekhar. The Sri Lankan actor was charged under the Prevention of Money Laundering Act and said, through her lawyer, that the most she could be accused of is…

[athibanenglish]

Ex-strongman Rajapaksa's son arrested in Lanka

Ex-strongman Rajapaksa’s son arrested in Lanka

COLOMBO: Former Sri Lankan President Mahinda Rajapaksa‘s son was arrested on Saturday along with four other people over money laundering allegations. Yoshitha Rajapaksa, the second son of ex-strongman Mahinda was, arrested and quizzed this morning by the police’s Financial Crimes Division (FCID) at the Sri Lankan Navy headquarters, a navy spokesman said. He and four others have been arrested on…

[sachkiawaaj]

ED probes media portal’s funding from businessman ‘linked’ to China regime

ED probes media portal’s funding from businessman ‘linked’ to China regime

NEW DELHI: The Enforcement Directorate’s investigation into a money laundering case against media portal Newsclick and its promoters has turned the spotlight on their financial dealings with Neville Roy Singham, a businessman of Sri Lankan-Cuban descent whom the investigators have identified as the key source of Rs 38 crore that PPK Newsclick Studio Pvt Ltd received between 2018 and 2021 from…

[korrasamiisstillcanon-blog]

Important International News

In this, we have given important international news of March 2019. This is very important for all competitive examinations like UPSC, SSC, RRB, and all PSC examinations.

International news

UNSC has named Hamza bin Laden under its ban list

The United Nations Security Council has named Hamza bin Laden under its ban list. The son of former al-Qaeda leader Osama bin Laden is now under the travel ban, property freeze, and a weapon Embargo.

The US President has asked China to immediately remove all charges on American agricultural products.

US President Donald Trump has asked China to immediately remove all charges on US agricultural products.

The US bans new ban on Venezuela

The US has imposed new sanctions on Venezuela. A day after the sanctions, Russia and China canceled an American and European proposal in the United Nations Security Council, which had called for assistance without assistance.

America wants information on Pakistan's possible misuse of American-made F-16

In the violation of the US-end-user agreement, India is seeking information on possible misuse of US-made F-16 fighter jets against Pakistan.

France reiterated its full solidarity with India in the fight against terrorism

France has reiterated its complete solidarity with India in its fight against terrorism in all its forms.

Pakistan restores the Samjhauta Express to Delhi

After the suspension of the train due to stressful bilateral relations, Pakistan restored the compromised express services between Lahore and Delhi.

Israel, Russia cooperated with Syria to help foreign powers

Israel's Prime Minister Benjamin Netanyahu said that his country and Russia would form a joint team to investigate the return of foreign powers from Syria.

Syria participates in the first Arab meeting after 2011

After the conflict began in 2011, Syria participated in a meeting of Arab states for the first time. The UAE has already reopened its embassy in Damascus in December.

France reiterates support for India's permanent seat at the United Nations Security Council

France has reiterated its support for India as a permanent member of the UN Security Council (UNSC). France, who assumed the UNSC's March Presidency, reiterated its support as permanent members of an extended council for India, Germany, and Japan.

America officially closes the Jerusalem Consulate

The United States has officially closed its consulate in Jerusalem, changing the status of its main diplomatic mission to Palestinians into the American Embassy in Israel.

Russia suspends participation in the Intermediate-Range Nuclear Treaty with the United States

Russian President Vladimir Putin has officially suspended the country's involvement in a major Cold War-era nuclear weapons-treaty with the United States.

Officials of Nepal Government include INGAF training course in New Delhi

The third group of 22 officers of Nepal's Ministry of Finance joined the training program on the global perspective on public financial management in the Institute of Government Accounts and Finance (INGAF) in New Delhi.

This training is being organized under the Indian Technical and Economic Cooperation (ITEC) program of the Ministry of External Affairs.

Washington's decision to remove India from GSP list

Commerce Secretary Anup Wadhawan said that the US decision to withdraw the name from the US General System of Preferences (GSP) list will not have any significant impact on the country's exports of $ 5.6 billion. The economic value of GSP benefits is very moderate.

China decides to expand anti-smug measures

China has decided to expand anti-smog measures for a third consecutive winter to reduce pollution levels. The Ministry of Environment and Environment vowed to eliminate the small coal-based heating boilers in major areas.

Jamaat-ud-Dawa, led by Hafiz Saeed, has been placed in the list of prohibited organizations

Jamaat-ud-Dawa, led by Mastermind Hafiz Saeed of the Mumbai terror attack and his Wing Falah-e-Insaniat Foundation, has been formally listed on the list of organizations prohibited by Pakistan.

Two Nobel Prizes for Literature will be provided this year

The Swedish Academy has said that this year two Nobel Prizes will be given for literature. WHO unveils extensive reforms towards triple billion target

The World Health Organization (WHO) has announced the most comprehensive reforms in the organization's history to modernize and strengthen the institution in order to play its role as a public authority on public health more efficiently and efficiently.

These include one billion more people benefiting from universal health coverage (UHC), more than one billion people are better protected from health emergencies, And one billion more people are enjoying better health and welfare.

EU continues to work with Iran to promote peace, stability

The European Union will continue to cooperate with Iran for peace and stability in the Middle East region and around the world. After withdrawing from the United States Comprehensive Action Plan (JCPOA), US sanctions against Tehran were restored in 2018, in return for the promise of peaceful sanctions against Tehran in exchange for a pledge to keep Iran's nuclear program peaceful Was provided for.

The new law allows Russian MPs to penalize online media outlets

Russian lawmakers have approved a law, under which officials will now be able to fix or block online media outlets to publish news that they consider being fake. The lower house of the Russian parliament voted in favor of the bill. Websites that fail to comply will be blocked and the penalty can reach the US $ 22,700 if the violation leads to serious consequences such as death or riot.

OECD cuts forecasts of global growth in the trade breaks uncertainty

The organization for economic co-operation and development, OECD has again cut the forecast of 2019 for global economic growth due to the continued trade tension and breaks uncertainty. The OECD reduced its forecast to 3.3 percent this year, which was below the estimated 3.5 percent in November. It warned that trade tensions, including the brain and political uncertainty, are burdening the world economy.

The OECD, which is a group of the world's top developed economies, revises growth projections in almost all countries of the G20 group of industrial and emerging countries.

The US revises visa policy for Pakistan

The US has amended its policy of decreasing the visa validity for Pakistani nationals from five years to one year. Journalists and media workers will not be allowed to stay in the country for more than three months without renewing the travel permit. Pakistan also issues US journalists three months' visas.

EU veto plans to add Saudi Arabia to refund list

The messengers of the 28 member countries of the European Union unanimously rejected a European Commission proposal to link Saudi Arabia and other countries to the Black Money-Laundering Blacklist.

Indian envoys returned to Islamabad in Pakistan

Ministry of External Affairs (MEA) has said, India's High Commissioner to India Ajay Bisaria will return to Islamabad.

Sri Lankan government has introduced plans for women coaches in trains

The Sri Lankan Government launched a scheme for special dedicated women coaches in trains to mark the International Women's Day. Women are the only purpose of 'coaches' with the aim of preventing sexual harassment and difficulty by women using public transport.

According to a study conducted by the United Nations Population Fund (UNFPA), 90 percent of women and girls in Sri Lanka have suffered sexual harassment at least once during their lifetime in public buses and trains. However, only four percent of the affected people reported the incident to the police.

Finland government resigns on failed reforms

Finnish Prime Minister Juhoe Sipila's Center-Government resigned just five weeks before parliamentary elections. The resignation came after the government failed to push through a major social and health care reform package.

116-year-old Japanese woman officially named the oldest person

116-year-old Japanese woman Ken Tanaka has been honored as the world's oldest living person by Guinness World Records. The oldest living person was also a Japanese woman, Chio Miyako, who died in July last year, whose age was 117 years.

North Korea preparing missile launch, will recommend satellite image

In North Korea, satellite images of a facility near Pyongyang show that the country is preparing to launch a missile or a satellite.

China opposes American criticism of policies on religion

China opposed the United States to criticize Beijing's politics of Muslims and Tibetan Buddhist minorities and said that the country was in war with confidence.

China, US reach consensus on many major issues

China and the United States have reached consensus on several key issues including exchange rates during the latest round of talks to negotiate a comprehensive trade deal in Washington.

North Korean voted to elect the rubber-stamp parliament

North Korean people are voting today to elect the country's rubber-stamp parliament, Kim Jong-ho is the second election after coming to power.

Voting is mandatory for the Supreme People's Assembly and candidates have no choice. Polling is always close to 100 percent and approval for the governing coalition is unanimous. On election day, the entire population of 17 years or more should vote out and vote.

After Ethiopian Airlines crash, Britain became the latest to ban Boeing 737 Max 8 Jet

After the United Kingdom Ethiopian plane crash, Boeing 737 Max 8 has become the latest country to operate or operate in the national airspace. In the grounding of the aircraft, the UK has joined the growing list of countries including Malaysia, Singapore, China, Australia, and Ethiopia.

United Nations warns Bangladesh of a new crisis on Rohingya rehabilitation scheme

The UN has warned Bangladesh of a new crisis if the country moves forward with a plan to save 23,000 Rohingyas from four cyclones along with a desert island next month. More than seven lakh Rohingya are in captivity in crowded camps in Bangladesh.

America will withdraw its remaining diplomatic staff from the Embassy in Caracas

The United States has decided to withdraw its remaining diplomatic staff from the Embassy in Caracas as the crisis in Venezuela is increasing.

UN urges Sri Lanka to set up a Hybrid Court

The United Nations has requested Sri Lanka to set up a hybrid court comprising international judges, lawyers, and investigators to investigate allegations of war crimes during the three-decade-long LTTE war.

India and US are asking Pakistan to take action to eliminate the terrorist infrastructure

India and the United States have agreed that there is a need to take concrete action to eliminate Pakistan's terrorist structure and to deprive all terrorist groups operating in its area from safe havens.

New Zealand banned Boeing 737 Max planes

New Zealand has announced grounding of its Boeing 737 Max aircraft from its airspace in the wake of a fatal plane crash in Ethiopia. The country's civil aviation authority (CAA) said it was making a temporary suspension after consultation with other regulators.

India provided 200 Golden Jubilee scholarships

Indian Embassy in Nepal honored 200 Golden Jubilee scholarships by meritorious Nepali students for continuing various graduate courses in colleges and universities. These scholarships are part of efforts to support human resource development in Nepal for the overall socio-economic development of the Himalayan nation and its people.

The United States will set up six nuclear power plants in India

India and the United States are committed to strengthening bilateral security and civil nuclear cooperation, including the establishment of six US nuclear power plants in India.

US Senate voted to end support for Yemen war

The US Senate voted Donald Trump's foreign policy and his alliance with Riyadh to end support for a bloody Saudi-led war in Yemen.

Boeing 737 Max recommends a temporary suspension of the entire fleet of its fleet

One of the largest global aircraft manufacturer Boeing has recommended the temporary suspension of its entire fleet of 737 Max aircraft.

This move came after several countries including India, China, European Union, and the United States, who banned the use of the aircraft in the wake of the Ethiopian Airlines crash, killing all 157 people..

The United States pulls China out of its human rights violations

The United States blamed China for violating human rights in the country.

To continue the efforts of India, Masood Azhar will be listed under the United Nations 1267 sanctions

New Delhi will continue to make concerted efforts to ensure that JM chief Masood Azhar is listed under the United Nations 1267 sanctions. Of the 15, 14 members of the UN Security Council are supporting India to list Masood Azhar as a global terrorist.

Open the door to bring serious trade proposals to India: the US

The United States has said that if India is prepared to bring a serious proposal to address issues related to trade and market access, then the door is open.

2019 Slovakia presidential election

The presidential election of Slovakia is going to be held in two rounds on March 16 and 30, 2019. This is the fifth direct election of the president in the history of Slovakia.

Russia has its officials against the new Western sanctions imposed

Russia has rejected new Western sanctions against its officials over its role in a naval collision with Ukraine last year. The United States, Canada, and the European Union put new restrictions on more than a dozen Russian officials and businesses in Moscow in response to Moscow's alleged offensive in Ukraine.

Cyclone IdiI affects more than 1.5 million people in three South African countries

Mozambique, Zimbabwe, and Malawi have been hit by a vicious cycle, in which about 150 people have been killed, hundreds are missing and trapped in tens.

According to the United Nations and government officials, cyclone Idai has affected over 1.5 million people in three South African countries.

We update daily current gk , current affairs , current affairs for upsc, current affairs for all other examination , current gk , short tricks of current affairs , current gk .

United Nations patent data shows a boom in Asia innovations

The United Nations said that more than half of all international patent applications filed last year came from Asia, another sign of innovation was shifting from west to east.

The US remains a leading private country for applications in 2018. India registered the biggest innovation jump of any country last year. In 2017, patent applications from 1,583 to 2,013 leaped more than 27 percent.

China declares Mumbai terrorist attacks as the most notorious

China has described the Mumbai attacks in 2008 by Pakistan-based Lashkar-e-Taiba (LeT) as one of the most notorious terrorist attacks in the terrorist attacks.

Jagmeet of Indian origin created history, entered Canadian Parliament

Jagmeet Singh of Indian origin has made history in Canada when he debuted as the first non-white leader of the country's main opposition party in the House of Commons.

The President of Kazakhstan resigned after almost 30 years in power

Kazakhstan's President Nursultan Nazarbayev has announced his resignation after nearly 30 years in power. The 78-year-old leader had ruled the country since the fall of the Soviet Union in the early 1990s.

Name of Kazakhstan to change the name of the country's capital, Astana, to keep the nurses

After the resignation of the President of Kazakhstan for a long time, the decision to change the name of the country's capital, Astana, in the honor of the ruler, Nursultan Nazarbayev, is to change the name of Australian.

Kazakhstan's new interim President Cassim-Jomart Tokayov proposed to change the name of the capital. In 1997, Astana changed Kazakhstan's biggest city to Almaty as the capital.

Neerav Modi arrested in London

Fugitive Jeweler Nirav Modi was arrested by Scotland Yard in London. He is the main accused in the Rs 13,500 crore Punjab National Bank scam case.

New Zealand bans attacking arms

After the murder of 50 people in the country's largest scale shooting, New Zealand's Prime Minister Jackfried Ordn has imposed an immediate ban on military-style semi-automatic and assault rifle weapons, under strict new gun laws.

Italy, China Inc. New 'Silk Road' Protocol

Italy has signed a non-binding protocol with China to participate in Beijing's new Silk Road and trade links spread from Asia to Europe. Italy became the first G7 country to sign up for the project.

The European Union agrees to postpone Brexit from March 29

The leaders of the European Union have agreed to delay the acquisition of the Article 50 process while postponing Brake site ahead of March 29.

Pakistan will get more than the US $ 2 billion loans from China

Cash-strapped Pakistan will receive more than $ 2 billion in loans from China from Monday to boost its sick economy. Pakistan has received $ 1 billion each from Saudi Arabia and UAE, which has been received as part of the bailout package by two Gulf countries to help reduce the decrease in the foreign exchange reserves of Islamabad.

US-backed Syrian force announces victory over Islamic State

The US-backed Syrian force says that it has freed the final region by declaring the end of the war on extremists in Baghoj village in eastern Syria and declaring the end of their self-proclaimed calamity by the Islamic State Group.

Inauguration of India-funded Educational Complex in Nepal

Educational Complex built with the financial assistance of 35.5 million Nepalese rupees by the Government of India was inaugurated in Nepal.

French 'yellow vest' protesters

The 'yellow vest' of France is expected that in spite of the approach of "zero tolerance" by the authorities, government protests will be further expedited. Protests began in rural France on November 17, and fuel tax increased and a full-scale anti-government rebellion failed to fail the failure of the two-month public policy debate.

Sri Lankan President gave Tripitak a proposal to declare UNESCO World Heritage

Sri Lankan President Maitripala Sirisena presented the There Triptik, the sacred urinal of Buddhists, to declare UNESCO World Heritage. Therirad Tripitaka was declared the National Heritage of Sri Lanka by the President in January this year.

Polling ends in Thailand's first general election

Counting is going on in more than 90,000 polling stations in Thailand after the end of polling in the country's first general election since the 2014 general elections in the country.

PM Christchurch orders a top-level judicial inquiry into mosque attacks

Police and intelligence services in New Zealand's Prime Minister Jasinda Ardhan could have prevented Christchurch Mosque attacks on March 15 whether an independent judicial inquiry ordered.

Australia warns prison's social media officers about extremist content

Australia warns social media giants that authorities can be jailed if they fail to remove extremist content from their platforms quickly.

Trump sign declaration, recognizing Israel's sovereignty over Golan Heights

US President Donald Trump has signed an announcement recognizing Israeli sovereignty over Golan Heights and stated that Israel has the complete right to self-defense.

In the war of 1967, Israel had captured Golan Heights from Syria, but its sovereignty over the region was not recognized by the international community.

5.4 magnitude earthquake strikes Japan

In Japan, the initial intensity earthquake of 5.4 in Miyazaki Prefecture on the southeast coast of Kyushu Island came.

Syria asks the United Nations Security Council to hold a meeting on Golan Heights

Syria has asked the UN Security Council to convene an immediate meeting on the US decision to recognize Golan Heights as the territory of Israel.

Comoros chairman Azali Asayamani was re-elected with over 60% votes

According to the results published by the Election Commission of the Indian Ocean Islands, President of Comoros, Azali Asomani was re-elected. Comoros is a volcanic archipelago on the east coast of Africa, which is in the waters of the Mozambique channel's hot Indian Ocean.

European Parliament adopts controversial copyright reforms

The European Parliament adopted controversial copyright reforms disputed by news publishers and the media business. However, tech veterans including Google have opposed it. Under the reform, European law will organize legally responsible platforms for the first time to enforce copyright, which will require them to check everything that their users post to prevent infringement.

India, Bangladesh to start cruise service

India and Bangladesh will start a cruise service that will take passengers from Sunderbans to Dhaka. Addressing a conference on multipolarism in Asia: Issues and Challenges in New Delhi, joint secretary of the Ministry of Foreign Affairs, Vikram Doraviswamy said that the purpose of this step is to strengthen the inland waterways routes between the two countries.

US surrenders draft resolution in UNSC to blackmail JeM chief Masood Azhar

In order to blacklist the Head of the Pakistan-based terrorist group Jaish-e-Mohammad, Masood Azhar has aired a draft resolution in the United Nations Security Council in the United States.

China saves terrorist groups from UN sanctions

US Secretary of State Mike Pompeo has said that China abuses more than a million Muslims at home, but protects terrorist groups from United Nations sanctions.

Oman allowed the United States to use its ports while signing the agreement

Oman has signed an agreement with the US that allows American ships and warplanes to take advantage of their ports and airports. The framework agreement is aimed to enhance Omani-American military relations.

The Duke is located on the Arabian Sea in southern Oman, and about 500 kilometers away from the Storm of Hormuz. At the mouth of the Gulf, the root is vital for global energy supply.

Germany submits six months to Saudi arms export ban

Germany has expanded Saudi Arabia for six months on the arms export that was established in October last year.

United Nations Council passes the resolution to deal with terrorist financing

The United Nations Security Council has unanimously passed the first proposal to order members to enforce laws against terror financing.

Juan Guado of Venezuela banned public posts for 15 years

Venezuela has stopped opposition leader Juan Guido from holding public office for 15 years.

India, US urged Pakistan to take action against terrorism

India and the United States have jointly requested Pakistan to take meaningful, irreversible and verified action against terrorist groups operating from Pakistan and its land.

China, USA resume trade talks

China and the United States resumed trade talks in Beijing, giving another push to their high-stakes negotiations to end the tariff war of their months.

Laid the foundation stone for a temperature-controlled cold storage facility in Dambulla

In Sri Lanka, a new 5000 metric tonnes of temperature controlled cold storage facility was constructed in Dambulla to be built with Indian subsidy. By reducing after-harvest losses and waste, especially in peak season, this initiative will benefit the farming community.

Zuzana Capetova is ready to be the first woman president of Slovakia

In Slovakia, government critic and anti-corruption activist Zuzana Captiva is ready to be the first woman president.

UAE to issue counter for all Indian Degrees

The UAE government will issue counter-equivalence for all Indian degrees which correspond to the set criteria, one step which comes as a major relief for the difficulties in getting jobs in the Gulf country.

[accountancyandtaxupdate-blog]

HMRC’s refusal to raid top Tory donor Lycamobile to be investigated by MPs

MPs will investigate HMRC’s refusal to aid French prosecutors with a criminal investigation into telecoms company Lycamobile, after the taxman citied that the company “are the biggest corporate donor to the Conservative party.” Nicky Morgan, head of the Treasury select committee, said this was “completely inappropriate” and that the committee will investigate HMRC’s conduct as part of its economic crime review, in conjunction with the public accounts committee. A probe by French authorities, sparked by a Buzzfeed News investigation, uncovered a myriad of improper activities ranging from money laundering through shell companies to tax fraud relating to VAT and corporation tax avoidance. After a raid of Lycamobile offices in France in 2016, 19 people were arrested and 9 charged. Other criminal activity uncovered by Buzzfeed included the dropping of backpacks stuffed with hundreds of thousands of pounds in cash at Post Offices around London. French authorities wrote to HMRC requesting a raid on the telcoms company’s UK offices, and an official response from HMRC referred to Lycamobile’s donations to the Tory party and Prince Charles’ British Asian Trust. The response also stated that due to the large, multinational nature of Lycamobile and the lack of “solid information” in the French request it was “extremely unlikely” the company would agree to have their premises searched. The government said in a statement that information about Lycamobile’s political donations had “regrettably” been included in the response, but that it was intended as background information only. HMRC added that it had rejected the French request on the grounds of “insufficient detail to satisfy the legal requirements to secure a warrant”, and that it had continued to liaise with French authorities about the investigation. Buzzfeed reported that HMRC’s senior press officer strongly disputed that Lycamobile’s donations were cited as a factor in its decision to not conduct a raid. He said: “No HMRC official would ever write such a letter.” “This is the United Kingdom for God’s sake, not some third world banana republic where the organs of state are in hock to some sort of kleptocracy.” Lycamobile continues to deny all of Buzzfeed’s allegations and is suing Buzzfeed in France for libel. Cosy club? Sri Lankan-born tycoon Allirajah Subaskaran, who owns Lycamobile, has historically maintained a close relationship with the Tory party. The company donated more than £2.1m over several years and also helped fund Boris Johnson’s Mayoral campaign. Subaskaran was also part of the Conservative Party Leader’s Group, which saw him dining with the Prime Minister and members of cabinet on several occasions. A Conservative party spokesperson said that it had ceased taking donations from Lycamobile in 2016 and that “HMRC never takes political donations into account when it makes decisions on whether to investigate a business.” Cross-party condemnation Political figures across the spectrum have raised concern over HMRC’s handling of the French request for assistance, and have said this case raises serious questions for the government and the taxman. Lord Macdonald, the former director of public prosecutions in England, said the government’s response was equivalent to “a descent into banana republic law enforcement”. Labour leader Jeremy Corbyn stressed that by virtue the tax authority should be independent, and “investigate every company without fear and without favour about its tax affairs to make sure they pay the correct amount of tax and there’s no hiding place, no evasion from it, whoever they are.” Liberal Democrat leader Vince Cable added that the situation was “deeply disturbing” and called on Theresa May to “take personal ownership” of the issue and return all donations until the issue is resolved. Auditor raised alarm bells Lycamobile’s auditor KPMG had raised alarm bells over a £134m hole in company accounts in 2016, commenting that “the audit evidence available to us was limited because of the complex nature of the related party structure the company operates within.” KPMG resigned as auditor in May 2017 after three years, during which time it said it was unable to “obtain all the information and explanations from the company that we considered necessary for the purpose of our audit.” There was some dispute as to who terminated the relationship, with Lycamobile CFO Michael Landau claiming it had dismissed KPMG, and KPMG insisting that it had made the decision. The post HMRC’s refusal to raid top Tory donor Lycamobile to be investigated by MPs appeared first on Accountancy Age.

https://www.accountancyage.com/2018/04/23/hmrcs-refusal-to-raid-top-tory-donor-lycamobile-to-be-investigated-by-mps/

[bluepointcoin]

Ex-strongman Rajapaksa's son arrested in Lanka

Ex-strongman Rajapaksa’s son arrested in Lanka

[ad_1]

COLOMBO: Former Sri Lankan President Mahinda Rajapaksa‘s son was arrested on Saturday along with four other people over money laundering allegations. Yoshitha Rajapaksa, the second son of ex-strongman Mahinda was, arrested and quizzed this morning by the police’s Financial Crimes Division (FCID) at the Sri Lankan Navy headquarters, a navy spokesman said. He and four others have been…

[newseveryhourly]

Sri Lanka arrested a former ambassador to Russia after he was extradited from Dubai Friday to face money laundering charges over a controversial MiG aircraft purchase, police said. Udayanga Weeratunga was taken before a magistrate in Colombo who remanded him in custody till Monday pending a further hearing. Police in a statement said Weeratunga, who is also closely related to President Gotabaya Rajapaksa's family, was arrested in connection with an investigation into the Sri Lankan military's 2006 purchase of four second-hand MiG-27 aircraft from Ukraine.

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Sri Lanka arrested a former ambassador to Russia after he was extradited from Dubai Friday to face money laundering charges over a controversial MiG aircraft purchase, police said. Udayanga Weeratunga was taken before a magistrate in Colombo who remanded him in custody till Monday pending a further hearing. Police in a statement said Weeratunga, who is also closely related to President Gotabaya Rajapaksa's family, was arrested in connection with an investigation into the Sri Lankan military's 2006 purchase of four second-hand MiG-27 aircraft from Ukraine.

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[tendance-news]

Sri Lanka arrested a former ambassador to Russia after he was extradited from Dubai Friday to face money laundering charges over a controversial MiG aircraft purchase, police said. Udayanga Weeratunga was taken before a magistrate in Colombo who remanded him in custody till Monday pending a further hearing. Police in a statement said Weeratunga, who is also closely related to President Gotabaya Rajapaksa's family, was arrested in connection with an investigation into the Sri Lankan military's 2006 purchase of four second-hand MiG-27 aircraft from Ukraine.

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[orendrasingh]

Sri Lanka arrested a former ambassador to Russia after he was extradited from Dubai Friday to face money laundering charges over a controversial MiG aircraft purchase, police said. Udayanga Weeratunga was taken before a magistrate in Colombo who remanded him in custody till Monday pending a further hearing. Police in a statement said Weeratunga, who is also closely related to President Gotabaya Rajapaksa's family, was arrested in connection with an investigation into the Sri Lankan military's 2006 purchase of four second-hand MiG-27 aircraft from Ukraine.

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[terabitweb]

Original Post from InfoSecurity Magazine Author:

Payment Fraud Linked to Terrorism and Trafficking

Payment card fraud is being used around the world to fund and launder the proceeds from organized crime, drug and human trafficking, terrorism and more, according to a new report from Terbium Labs.

The dark web intelligence firm analyzed 274 cases over the past decade across North America and Europe to compile its new report, The Next Generation of Criminal Financing: How Payment Fraud Funds Transnational Crime.

It recorded losses of over $1bn associated with those 274 cases. In North America, most were linked to identity fraud (33%), organized crime (32.5%), human trafficking (17.5%) and drug trafficking (15%). In Europe, organized crime (62%), drug trafficking (41%) and money laundering (41%) were most common.

North America also had the highest rate of terrorism-linked fraud cases, with more than seven-times as many cases as Europe, although still at a relatively low 8%.

The report detailed specific examples of stolen payment card data being used in criminal activity, including by Russian gangs, Sri Lankan criminals, Hezbollah, al Qaeda and even the Russian state.

Terbium Labs called for more to be done by financial institutions to tackle the fraud epidemic.

“Payment fraud is not just a fraud problem. It can no longer be viewed as a non-violent crime, mere annoyance, or unfortunate cost of doing business,” said Emily Wilson, VP of research at Terbium Labs. 

“Criminal justice agents must strive for a fuller understanding of the role fraud plays in serious criminal cases and the shifting landscape of the fraud economy. We’re calling on the criminal justice system to create updated, standardized reporting requirements for investigations and case documentation in order to accurately and consistently track the links between payment fraud and transnational crime.”

Online payment fraud losses are set to more than double between 2018 and 2023 to reach a staggering annual figure of $48bn, according to Juniper Research.

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Go to Source Author: Payment Fraud Linked to Terrorism and Trafficking Original Post from InfoSecurity Magazine Author: Payment Fraud Linked to Terrorism and Trafficking Payment card fraud is being used around the world to fund and launder the proceeds from organized crime, drug and human trafficking, terrorism and more, according to a new report from…

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South Asian, Southeast Asian leaders discuss closer ties

KATHMANDU, Nepal — Leaders of seven South Asian and Southeast Asian nations are meeting in Nepal to discuss regional trade, economic co-operation, security and peace.

The two-day summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation began Thursday in Kathmandu, Nepal’s capital. It groups Bangladesh, Bhutan, India, Nepal, Myanmar, Sri Lanka and Thailand.

The leaders are to discuss greater economic co-operation and sign an agreement for regional electricity connectivity that will open up energy trade among their countries.

“Connectivity is a key enabler for robust regional co-operation. It is the very foundation, in which the edifice of economic integration can stand upright,” Nepalese Prime Minister Khadga Prasad Oli said in opening the summit.

He said member nations need to increase investments in regional transport networks.

“Better connectivity of roads, railways, airways, waterways will unlock our full potential. It can promote meaningful co-operation in trade and investment, energy, tourism and technology transfer,” he said.

The leaders are also expected to discuss crime, drug and human trafficking, and terrorism.

“Our region is not immune from dangers of terrorism, organized crimes, drugs trafficking, human trafficking, and money laundering, among others. We must remain united in defeating terrorism in all its forms and manifestations,” Oli said.

Bangladeshi Prime Minister Sheikh Hasina, Bhutanese interim head of government Lyonpo Tshering Wangchuk, Indian Prime Minister Narendra Modi, Myanmar President Win Myint, Sri Lankan President Maithripala Sirisena and Thai Prime Minister Prayuth Chan-ocha are in taking part in the summit.

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