RI`s anti-money laundering, counter financing of terrorism rating up

""Indonesia has indeed met most of the 49 recommendations, but it`s not yet perfect," he said. Indonesia`s performance was considered good on 34 of the FATF`s 49 recommendations. Some recommendations which Indonesia had not yet met included legal framework and...

U.S. exports cigarettes, bras, bull semen to Iran

"WASHINGTON (AP) -- U.S. exports to Iran -- including brassieres, bull semen, cosmetics and possibly even weapons -- grew more than tenfold during President Bush's years in office even as he accused Iran of nuclear ambitions and helping terrorists. ...

Widodo opens APG meeting on money laundering in Bali

" "Our challange is the increasing rate of worldwide crime as a result of globalization ," Widodo said, adding that Indonesia was committed to waging war against money laundering and terrorist financing. The APG will this year accept two new member countries, namely...

Analyst sees ‘ghost town’ in Inland Empire

"Peter Viles LA Times Wednesday, July 2, 2008 A financial analyst fresh from a tour of construction sites in the Inland Empire is warning Wall Street of a “ghost town” where finished homes sit vacant and additional homes are still under construction.  “At several...

American 'Meltdown' is the Reason for the Money Injection by Fortis

""Votron stays on after a wave of criticismby our correspondentJune 28, 2008, 09:10 a.m.BRUSSEL/AMSTERDAM (DFT) - Fortis expects a complete breakdown of the American financial markets within days or weeks. This explains, according to the bank insurer, the series of...

Barclays 'to get cash infusion from major Japanese bank'

The UK banking sector certainly appears to have been stuck with a lot of sub-prime debt problems."Barclays Plc may be close to securing a 100bn yen (€594m) capital injection from Japan’s Sumitomo Mitsui Banking Corp. as part of the bank’s efforts to weather the impact...