Tag: laundering

US sanctions Chinese bank for laundering North Korean cash

  by Heather Scott Agence France-Presse WASHINGTON DC, United States (AFP) – The United States slapped unprecedented sanctions Thursday on a Chinese bank accused of laundering North Korean cash after President Donald Trump said Beijing’s efforts to put the brakes on Pyongyang’s nuclear drive had failed. As South Korea’s new president visited Washington, the Treasury Department announced the Bank of Dandong would be severed from the US financial system for acting “as a conduit for […]

President Duterte orders closure of all online gambling

QUEZON City, Philippines – In his speech during the anniversary of the National Bureau of Investigation, President Rodrigo Duterte ordered that all online gambling activities and firms to be closed and shut down as such activities do not benefit the country. Duterte also reiterated his order of arresting online gambling tycoon Jack Lam due to tax evasion.