Singapore to Toughen Money Laundering, Terrorist Financing Laws

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Oct. 27 (Bloomberg) — Singapore, where assets under management have risen fivefold to $1.2 trillion since 2001, said it will consider a “tougher penalty regime” and boost enforcement against money laundering and terrorist financing. The city-state will also make laundering of proceeds from tax offences a crime, and tighten laws on tax evasion, said Ravi Menon, managing director of Monetary …

Consultant Guilty of Grand Larceny and Money Laundering

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JOHN ELIGON, JAMES BARRON and ANDY NEWMAN Michael Appleton for The New York TimesJohn F. Haggerty Jr. outside the Manhattan Criminal Courthouse on Thursday. Updated, 12:40 p.m. | John F. Haggerty Jr., a Republican political consultant accused of stealing $1.1 million from Mayor Michael R. Bloomberg during Mr. Bloomberg’s 2009 re-election campaign, was found guilty of second-degree grand larceny and second-degree money laundering by a …

Welfare “Wage” is €28,000

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Documents to be released this week show there is no incentive for unemployed parents to take a job paying €28,000 a year, thanks to the high level of welfare benefits. The Department of Social Protection has found that a family on this wage earn just €89 a week more than if they were on social welfare benefits. Responding to concerns …