ATF

Philippines Set to Exit FATF Watchlist: Boosting Cross-Border Transactions

1 month ago

The Philippines is on track to be removed from the Financial Action Task Force (FATF) grey list, a move that is expected to significantly enhance the country's business environment and improve cross-border deals. This development follows concerted efforts by the Philippine government to strengthen its anti-money laundering and terrorist financing measures, which had previously placed the country under increased surveillance by the FATF.

Philippines Successfully Exits Global Watchdog’s Dirty Money Gray List

1 month ago

In a significant development for the Philippine banking and financial sectors, the country has officially exited the Financial Action Task Force's (FATF) gray list, which identifies jurisdictions under increased monitoring for deficiencies in their anti-money laundering (AML) regimes. This announcement marks a turning point as the Philippines demonstrates its commitment to stronger compliance measures and enhancement of its financial integrity.

CEO Murder Case Revives Debate on Ghost Guns in America

4 months ago

The murder of a prominent CEO in a shocking incident has thrust the issue of ghost guns back into the national conversation, prompting a renewed examination of gun control laws and the implications of untraceable firearms. Ghost guns, which are firearms assembled from kits or manufactured at home, have garnered increased scrutiny due to their role in various violent crimes.

Flat Footed Demands Grifols Board Reformation to Safeguard Shareholders' Interests

4 months ago

In a recent turn of events, Flat Footed has put significant pressure on Grifols, a leading global producer of medicine derived from blood plasma, urging the company to overhaul its board of directors. This move comes in the wake of growing concerns about the firm's governance and its long-term commitment to protecting shareholder value.

Major VAT Fraud Probe: UniCredit's German Unit Raided in €200 Million Scandal

4 months ago

In a striking development within the financial sector, authorities in Germany have conducted a raid on the German branch of UniCredit as part of an extensive investigation into a staggering €200 million ($210 million) VAT fraud case. This operation underscores the ongoing battle against tax fraud in the European Union, which has seen increased scrutiny and enforcement actions in recent years.

Robinhood Set to Make Waves in Asia With Singapore Launch in 2025

4 months ago

In a significant development for the financial technology landscape, Robinhood has announced plans to establish a headquarters in Singapore and launch its brokerage services across Asia by 2025. The renowned trading platform, celebrated for its commission-free trades, aims to tap into the burgeoning market in the region, where interest in retail trading and investment platforms is growing exponentially.

Reliance Industries Falls Short of Profit Expectations Amidst Struggles in Energy Units

6 months ago

Reliance Industries Limited, an Indian conglomerate with a diverse portfolio in petrochemicals, refining, oil, telecommunications, and retail, has reported disappointing financial results for its latest quarter. The company’s earnings have failed to meet market expectations due to underperformance in its energy sector, particularly in refining and petrochemical segments.

Prestige Watch Network: Iconic UK Rolex Dealer Acquires Influential Watch Platform Backed by LVMH and Tom Brady

6 months ago

This move has fascinated a host of watch enthusiasts who pay special attention to this world. It's about a famous UK Rolex dealer that has been in the headlines with its acquisition of a notable digital watch platform. This strategic expansion moves outside of traditional grounds of luxury timepieces and is going to create new synergies within the high-end watch market.