Weekly roundup: Romanian Prime Minister indicted over forged expenses, Mexican companies designated over cartel links, tech giants likely to face increased regulatory requirements, and more
Romanian Prime Minister Victor Ponta was indicted yesterday on charges of forged expense claims during his time at a law firm. He will remain in office during the trial.
Five Mexican companies have been added to the list of Specially Designated Narcotics Traffickers by the US Treasury. The entities are accused of providing financial support to the Cartel de Jalisco Nueva Generacion drug cartel.
A draft report by the FATF has praised progress in Malaysia on measures taken to combat money laundering. The report comes as the country’s premier is facing questions over large transfers to his personal bank accounts.
The second-ranked official in FIFA, Jérôme Valcke, has been relieved of duties as he is investigated over black-market sales of 2014 World Cup tickets.
And finally, in a speech to Cass Business School in London, Douglas Flint, the chairman of HSBC, has warned that technology companies offering financial services may face stricter regulations in the near future. He raised Apple and Alibaba as examples of tech firms now offering payments and banking services. Alibaba launched MYBank in June this year, while Apple entered the mobile payments market.
New sources: 93
Source of the week: The Bangladesh NGO Affairs Bureau lists all legally active NGOs in Bangladesh as well as cancelled NGOs.