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Midweek Roundup: Luxembourg Bank Under Fire, Fraud Schemes Against Elderly Evolve, and More

Luxembourg's Banque Havilland began winding down operations in Liechtenstein and Switzerland amid reports that the European Central Bank pulled one of the lender's licences for failing to address anti-money laundering deficiencies, Bloomberg reported. More Scams targeting the elderly through dating websites, social media platforms and messaging applications are growing in sophistication, making it nearly impossible to recover lost funds, The New York Times reported. More Joaquin Guzman, son of Sinaloa cartel founder Joaquin "El Chapo" Guzman, pleaded not guilty to federal drug trafficking and money laundering charges in Illinois following his arrest in Texas, the Associated Press reported. More BitClout...

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