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
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
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 …