[News Focus] Legal risks persist at Samsung as Lee’s trial continues
Song Su-hyun, 10 June 2021
Samsung Group’s de facto chief Lee Jae-yong attended a court hearing on Thursday as part of an ongoing trial on alleged irregularities surrounding his ascension to the helm of the South Korean tech conglomerate.
As always, the tycoon, who is serving a 2 1/2-year jail term over a previous bribery conviction, didn’t utter a single word throughout the full-day session held at the Seoul Central District Court, as his attorneys fought hard to fend off additional convictions. The charges brought against him include stock market manipulation, accounting fraud and breach of trust. Continue reading “Article: [News Focus] Legal risks persist at Samsung as Lee’s trial continues”
The company says that it would be using this investment to improve the consumer experience, and also work on additional features and upgrades to the existing software as well as expansion globally.
The wife of Mexican drug kingpin Joaquin “El Chapo” Guzman pleaded guilty on Thursday to narcotics trafficking and money laundering conspiracy charges, almost two years after Guzman was sentenced to life in prison.
U.S. Attorney General Merrick Garland warned Wednesday that ransom-motivated cyberattacks are “getting worse and worse,” echoing other top Biden administration officials who have sounded the alarm about the problem in recent weeks. 
NEW YORK (Reuters) – Wall Street ended a see-saw session lower on Wednesday as market participants awaited inflation data for clues as to when the U.S. Federal Reserve might tighten its dovish monetary policy.
Rome – European evaluators said Wednesday the false belief that Vatican financial crime investigation and prosecution efforts not only suffer from understaffed and inexperienced, but also that their cardinals and bishops are unaffected by criminal activity. Warned that he was suffering from.
Identifying Ultimate Beneficial Owners can be challenging for many regulated firms. Financial criminals are adept at obscuring the true identities of Beneficial Owners by using complex legal structures and shell companies to launder illicit funds. Cross border corruption and money laundering is happening on a much wider scale with fraudsters hiding behind complex corporate structures. 
Early investors in AMC (NYSE:AMC) got their payday last week when the stock jumped from low double-digits to $72. Anyone who bought $20 options before the Memorial Day weekend would have turned $1,000 into $116,000.
Earlier this week the Council of Europe’s MONEYVAL published a progress report showing significantly improved ratings for Malta in its fight against money laundering and terrorist financing from a technical perspective. Thursday’s report clearly acknowledged the progress made since Malta’s earlier evaluation, at times doing so quite openly when confirming that, “Malta was among the first MONEYVAL countries to implement the regulatory and institutional framework and conduct assessment of money laundering and terrorist financing risks in this area. Malta’s rating on the implementation of this recommendation has been upgraded from ‘partially compliant’ to ‘largely compliant’.”
Love it or hate it, Medicare insurance technology company Clover Health Investments Corp CLOV is the latest Reddit short squeeze stock ripping higher this week.
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