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Posts Tagged ‘Corporate Control’

Villatri - Informaciones: febrero 2012ING Bank to Pay $619 Million Fine in Largest Ever US Economic Sanctions Penalty
From Steptoe.com, June 18, 2012

On June 12, 2012, ING Bank, N.V. (ING Bank), a [Dutch] financial institution, agreed to forfeit $619 million to settle criminal charges brought by the United States and the State of New York and civil claims raised by the US Department of the Treasury, Office of Foreign Assets Control (OFAC).  ING Bank was charged with conspiring to violate US economic sanctions and with violating New York state laws by illegally moving billions of dollars through the US financial system on behalf of Cuban and Iranian entities.  The $619 million fine is the largest ever against a financial institution in connection with an investigation into US sanctions violations and related offenses. (more…)

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Red Fox Cookie Jar by michelled1953 on Pinterest | Red ...

Anti-Money Laundering (AML) Certification with ING.
~ ING website 2017

ING Bank N.V. Agrees to Forfeit $619 Million for Illegal Transactions with Cuban and Iranian Entities

Department of Justice
Office of Public Affairs

FOR IMMEDIATE RELEASE
Tuesday, June 12, 2012 [Excerpt]

WASHINGTON – ING Bank N.V., a financial institution headquartered in Amsterdam, has agreed to forfeit $619 million to the Justice Department and the New York County District Attorney’s Office for conspiring to violate the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA) and for violating New York state laws by illegally moving billions of dollars through the U.S. financial system on behalf of sanctioned Cuban and Iranian entities.  The bank has also entered into a parallel settlement agreement with the Treasury Department’s Office of Foreign Assets Control (OFAC). (more…)

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owl cookie jar www.ishoppedtoday.com/2012/08/19/cool-cookie-jars/

Expert Anti-Money Laundering
Anti-Money Laundering (AML) Certification with ING.
~ ING website 2017

Dutch Prosecutors Probe ING Bank for Money Laundering, Corruption

Published: 22 March 2017

ING Bank confirmed on Wednesday it is being investigated by Dutch prosecutors for money laundering and corruption. Local media say the probe is related to a bribery case in Uzbekistan.

A bank spokesman said the investigation could result in “significant” fines and penalties, but didn’t confirm a report from Dutch newspaper Het Financieele Dagblad that it is linked to corruption accusations against the daughter of former Uzbek president involving hundreds of millions of dollars.

“Given that the matter is under investigation we cannot comment further other than that we cooperate with the investigations,” ING Bank spokesman Raymond Vermeulen said in an e-mail to OCCRP. (more…)

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Photos: 11 of the world's most high-tech farms - Page 6 ...Rothschild  Sells Stake to Rabobank
News 2008

As lenders globally continue to write off and provision for a significant volume of soured loans, UK’s Rothschild group, one of the world’s leading investment banking organizations, has posted record results. The bank has been able to maintain its very strong performance again this year, despite the credit crunch, economic slowdown and the threat of a U.S. recession, with investment banking and corporate banking businesses both producing record revenues.

The bank, according to Timesonline – reported a 31%, 459 million euro, improvement in profits. In addition, record results from the organization’s advisory and private banking operations enabled the bank to pay record bonuses to its 2,700 people in June. (more…)

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Rothschild & Co SCA

ROTH.PA on Paris Stock Exchange: 30.37EUR
Change (% chg): €0.04 (+0.12%)
Prev Close: €30.33
Day’s High: €30.54
Day’s Low: €30.27

Aug 9 (Reuters) – ROTHSCHILD & CO SCA : :ROTHSCHILD GLOBAL ADVISORY: Q1 REVENUE DOWN 6% TO €225 MILLION (Q1 2016/2017: €240 MILLION) (ADDS DIVISION).Q1 REVENUE EUR ‍​ 409 MILLION VERSUS EUR 390 MILLION YEAR AGO.WE WOULD EXPECT OUR REVENUE FOR THE NINE MONTHS TO DECEMBER 2017 TO BE SLIGHTLY BELOW LAST YEAR’S LEVEL.ROTHSCHILD PRIVATE WEALTH & ASSET MANAGEMENT: Q1 REVENUE UP 40% TO €126 MILLION ‍​.ROTHSCHILD MERCHANT BANKING: Q1 REVENUE DOWN 16% TO €47 MILLION‍​.

People
Name Age Since Current Position
Eric de Rothschild – 75 – 2004 Chairman of the Supervisory Board (more…)

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Clipart - Cobalt Ornate Dharma WheelThe Invisible Government
From Modern History Project “A little learning is a dangerous thing”

5. Business Advisory Council
Aligning business interests and government policy

The Business Advisory Council (1933-61)

Whereas the Foreign Policy Association-World Affairs Center is primarily interested in fostering the foreign policy desired by the CFR, and the Committee for Economic Development is primarily interested in formulating economic and other policies which, through governmental controls, will lead us into total socialism — another, smaller (but, in some ways, more powerful) organization has (or, until mid-1961, had) the primary responsibility of infiltrating government: of selecting men whom the CFR wants in particular jobs, and of formulating, inside the agencies of government, policies which the CFR wants. This small but mighty organization was the Business Advisory Council.

Daniel C. Roper, F. D. Roosevelt’s Secretary of Commerce, formed the Business Advisory Council on June 26, 1933. (more…)

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Trade-Based Money Laundering - 2006Trade-Based Money Laundering

From FATF-GAFI [Excerpt]

There are three main methods by which criminal organisations and terrorist financiers move money for the purpose of disguising its origins and integrating it into the formal economy. The first is through the use of the financial system; the second involves the physical movement of money (e.g. through the use of cash couriers); and the third is through the physical movement of goods through the trade system.

In recent years, the Financial Action Task Force has focused considerable attention on the first two of these methods. By comparison, the scope for abuse of the international trade system has received relatively little attention.

The international trade system is clearly subject to a wide range of risks and vulnerabilities that can be exploited by criminal organisations and terrorist financiers. (more…)

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