A former partner and part-owner of Mexico’s InvestaBank SA has pleaded guilty to a U.S. charge that he fraudulently obtained $21 million in tax refunds from the Mexican government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Though critics are saying Venezuela’s monetary overhaul will create chaos, the country’s president warned businesses not to slow operations during next week’s overhaul. According to Reuters, “Socialist President Nicolás Maduro announced in March that the bolivar currency would be redenominated on June 4” in an...
In response to an increase of Chinese acquisitions of European rivals, the European Parliament’s international trade committee has approved a proposal calling for greater scrutiny of foreign investments. According to Reuters, the committee voted to extend the list of “critical sectors” that would prompt EU...
Payments via Facebook‘s WhatsApp are on the very brink of launching, according to recent reports. As early as next week, pay via WhatsApp might be up and ready to go for the whole of India, potentially putting the service in the hands of up to...
To make sure they can compete with the United States and China, France and Germany want an EU-wide initiative that will fund innovation and research in tech startup projects across the region. Get the Full Story Complete the form to unlock this article and enjoy...
After reports of money laundering caused lenders in Estonia and Latvia to close, police said on Friday (May 25) that more than $13 billion (or about €11 billion) was laundered through banks in Estonia between 2012 and 2016. Much of the money was reportedly laundered...
After adopting a mobile money system that allows people to make payments and transfers through their cell phones, Kenya has become a leader in financial inclusion. But some borrowers have now become burdened with debt after taking out high-interest rate loans from lenders that use...
Jean-Marc Decressonniere, a Switzerland banker, is one of few in the industry who plans to support a vote in June that would change the way traditional lenders operate in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Chinese police are using the combined powers of technology and music to catch criminals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
