Tuesday, May 17, 2022

HSBC files show how Swiss bank helped clients dodge taxes and hide millions

HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of assets, doling out bundles of untraceable cash and advising...

Denials continue despite MPs hearing of HSBC tax evasion claims in 2011

Downing Street insists it had no warning of HSBC wrongdoing, despite revelation MPs had known about ‘disc from the Swiss’ with names of potential...

US congressman described the Merchants Bank Accounts Closures decision as “catastrophic”

The U.S. fears that the Hawala Finacial funds are being channelled to Al-Shabaab militant supporters in Somaliland, Somalia and Kenya. The officials from The Merchants...

Karisma Kapoor inaugurates Al Adil’s first outlet in India

The actress inaugurated Masala King Supermarket in Kharghar Karisma Kapoor and Dr Dhananjay Datar at the opening ceremony of Al Adil’s first outlet in...

China cuts rate to stem growth slide

Central bank injects fresh $96b into economy China’s central bank made a system-wide cut to bank reserve requirements (RRR) on Wednesday, the first time it...

U.S. Bank Ending of Somali Money Transfers to Have “Catastrophic” Impact

A decision by a U.S. bank to stop doing business with companies that transfer money from Somalis living in the United States to families...

Emirates NBD bank branch torched in Egypt + Video

The Giza Resistance Force warned that similar attacks will be carried out in countries that support the new government in Egypt. https://www.youtube.com/watch?v=tKyMGwTIpjU A video footage showing...

Africa loses $60bn annually through illicit finance flow

Capital flight from Africa continues to be a major thorn in the continent's side following a new progress report that says up to $60...

Deficit predicted for global sugar industry

Prices dropped almost 12 per cent last year as the global glut pushed prices to the lowest since 2008. Jonathan Kingsman, Jamal Al Ghurair...

MERCHANTS BANK OF CALIFORNIA : ” FINANCIAL ACCOUNTS FOR THE SOMALI REMITTANCE COMPANIES WILL...

Washington  – Somali-Americans could find it much harder to send money back home to friends and family after next week. Merchants Bank of California, which...