Posts Tagged ‘anti-money laundering’

Bank heist bares Philippine money law flaws

April 16, 2016

Unauthorized transfers from Bank of Bangladesh sent US$81 million in illegal funds to Philippine banks and casinos, attracted by lax anti-money laundering laws.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

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US territory Saipan, promised $7 billion resort, gets mall casino

September 23, 2015

In US Pacific territory Commonwealth of Northern Marianas, a $7 billion integrated resort promise for Saipan begins with a shopping mall casino. Project developer Imperial Pacific, a Hong Kong listed company linked to Macau junket promoter Heng Sheng Group, plans to deliver the resort in pieces.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.


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