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Bloomberg Denmark’s financial watchdog is warning that smaller banks need to be on high alert for signs of money laundering as larger lenders tighten their surveillance systems. Jesper Berg, director general of the Financial Supervisory Authority in Copenhagen, said Denmark is concentrating on “building the lines of defense and having them stronger,” in an interview with Bloomberg Television. Denmark’s biggest ...

Bloomberg The Hermitage Capital Management co-founder who’s become an activist in the fight against money laundering says Sweden’s decision not to pursue his case against Swedbank AB because of a statute of limitations won’t stop him seeking other avenues. Bill Browder, whose criminal complaints against Danske Bank A/S were followed by investigations in multiple jurisdictions, says the Swedish decision was ...

Bloomberg Geneva prosecutors are investigating a former back-office employee of Banque Pictet over allegations the person stole millions of dollars from Switzerland’s biggest privately-owned bank. An investigation was opened on March 19 into suspicions of fraud and breach of trust, according to a spokeswoman for the Geneva prosecutor’s office. She declined to give further details and the person’s name has ...

Bloomberg Former Wall Street trader Edgar Fernandez used some of his Bitcoin as collateral to borrow nearly $100,000, a move that let him keep his cryptocurrency and avert a tax bill on the newly acquired cash. The tax perk stems from a longstanding principle that assets aren’t taxed until sold, much like borrowing against stock holdings. Yet digital currency carries ...

Bloomberg Rolls-Royce Holdings Plc said it will accelerate a program to install redesigned blades on some of its Trent 1000 engines, after early wear forced Singapore Airlines Ltd to grounded two 787 aircraft using the turbines. The latest setback for the Trent 1000 TEN, used on Boeing Co 787 Dreamliner jets, came after the UK engine maker sampled a small ...

Bloomberg Boeing Co says it needs more time to finish a software upgrade for its grounded 737 Max jetliners as company engineers update a stall-prevention system linked to two fatal crashes in five months. The planemaker said it would submit final paperwork for the revamp to the Federal Aviation Administration by March 29 to make the system — known as ...

Bloomberg Retail tycoon Philip Day is bidding for Bonmarche Holdings Plc after buying a majority stake in the UK clothing chain, as he vies with billionaire Mike Ashley to dominate the nation’s struggling high street. Day is required to make a mandatory cash offer for Bonmarche at about 11.44 pence a share after acquiring 52 percent of voting rights in ...

Bloomberg Ryanair Holdings Plc was one of the 10 biggest polluters in Europe last year, a first for a company that doesn’t run coal-fired power plants. That’s the conclusion of analysis of European Union carbon emissions data undertaken by Transport & Environment, a Brussels-based research group. The group found Ryanair’s carbon dioxide emissions rose 6.9 percent last year. The findings ...

Bloomberg Walmart Inc will let customers order groceries by voice through Google’s smart-home assistant, an attempt to counter Amazon.com Inc’s growing clout in e-commerce. Beginning this month, Walmart shoppers can add items directly to their online shopping carts by saying “Hey Google, talk to Walmart.” Information from prior purchases will help identify the correct brand and size — like whether ...

ABU DHABI / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, highlighted the UAE’s commitment to adopt the best international standards and sustainable practices, to rationalise energy consumption and reduce carbon emissions, in line with the National Energy Strategy 2050. He added that Earth Hour, which took place this year under the slogan, “Communicate with ...