| Shinhan Bank Selects Gifts Software's Anti-Money Laundering Solution
GIFTS Software, a leading provider of anti-money laundering, funds transfer, and e-banking solutions, announced today that Shinhan Bank New York has selected the GIFTSWEB EDD Anti-Money Laundering solution. The implementation of the automated GIFTSWEB EDD product will assist the Bank in meeting BSA/AML compliance regulations as dictated by the USA Patriot Act. GIFTSWEB EDD is comprised of the five following modules, each of which can be implemented separately or as a total solution: Incorporated on September 1, 2001, Shinhan Financial Group Co. Ltd. is Korea's first financial holding company that delivers comprehensive financial solutions through a powerful One-Portal network. Shinhan Financial Group's subsidiaries offer quality financial products and services in commercial banking, credit card, private banking, asset management, investment banking, brokerage and insurance.
Remarks by Secretary Henry M. Paulson, Jr. before the U.S.-Africa Business Summit on the Remarkable Change and ...
Cape Town, South Africa--Good evening. Thank you, Dr. Sturchio, for the kind introduction, and thank you to the Corporate Council on Africa for the opportunity to speak to such a notable gathering of business, government and academic leaders.
Africa is a unique continent: diverse in people and heritage, with some of the most spectacular geography and biodiversity on the planet. All too often, however, those who do not know Africa well associate the continent with issues like famine, conflict and disease. Tonight, I will talk about a much different Africa, one with which I suspect most of you are more familiar � a continent of diverse nations increasingly defined by economic opportunity and promise.
Most importantly, I will talk about an Africa where leaders are taking control of their own economic futures and continuing to move beyond reliance on donors.
Strachan appeal success leaves referee angry
GORDON Strachan's appeal against a two-match touchline suspension was last night upheld by an SFA appeals board at Hampden. It is a decision that has angered referee Stuart Dougal, who originally sent Strachan to the stand during a 3-1 end-of-season SPL defeat by Hearts at Parkhead in April. The Celtic manager had originally incurred a four-match ban as a result of the incident, when Dougal seemed to object to comments Strachan made to Hearts substitute Neil McCann. .
(AFX UK Focus) 2007-11-19 11:18 GMT: China's Wen pledges to balance trade, free up yuan
SINGAPORE (Thomson Financial) - Chinese Premier Wen Jiabao pledged Monday to resolve trade imbalances after the country's surplus hit a record high in October and work to let the yuan move more freely. "We stand for free trade and oppose protectionism," Wen said in an address at the National University of Singapore. "We will speed up changing the mode of trade growth, improve the trade mix and strive to reduce trade imbalances." Wen's comments came after China's trade surplus hit a monthly record of 27 billion US dollars in October, prompting its global trade partners to urge Beijing to allow the yuan to appreciate. A stronger yuan would make Chinese exports more expensive overseas. China's accumulated surplus for the first 10 months rose to 212.4 billion dollars, a leap of 59 percent over the same period in 2006, already shattering last year's record 177.5 billion dollars.
Lynnwood deputy police chief pleads guilty to theft of evidence
LYNNWOOD � A Lynnwood Police Department deputy chief pleaded guilty this morning to stealing thousands of dollars seized in criminal investigations over several years.
Paul C. Watkins, 50, was charged with one count of theft from a federal funded local agency. He made his plea in U.S. District Court in Seattle. He is scheduled to be sentenced Feb. 22.
According to the plea agreement Watkins admitted that while serving as the commander of investigations from 2001 to 2004 he stole money that had been seized during criminal investigation. Watkins �abused his authority by falsely representing that he was returning money to the owner, when in fact in many cases he was keeping the seized money for himself,� prosecutors wrote.
Prosecutors allege that Watkins stole between $70,000 and $120,000.
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