FIFA Clearing House was money laundering risk for NL banks: NOS DutchNews.nl on 5 de July, 2023 at 8:43
Dutch banks were reluctant to partner with a proposed FIFA Clearing House in the Netherlands so the multi-billion project went to Paris, according to NOS broadcaster. The body was set up to distribute around $400 million a year for clubs that train others but also to “promote financial transparency and integrity, and avoid fraudulent contact in the transfer system”. But NOS claims plans to set up in Amsterdam floundered because Dutch banks believed there was too great a risk of…
On Wednesday, Argentina’s financial markets faced significant upheaval due to political and economic shifts. The Chamber’s approval of a new pension formula, expected to draw up to 0.4% of GDP, has sparked concerns. Simultaneously, Argentine debt securities plummeted, with the country’s risk score surging past 1,500 points. Despite this, the Merval index and American Depositary […]
Brazil has ascended to become the world’s fourth-largest domestic flight market, capturing 1.2% of the global share. This achievement follows increased demand and strategic growth in the aviation sector. The United States and China lead the rankings with 15% and 11% market shares, respectively. In 2024, Brazil’s domestic flight demand outpaced the global average. While […]
Heavy rains brought deadly floods to northern India on the weekend as the country’s capital marked its wettest July day in more than 40 years, according to authorities and local reports.