HALISTER1: MORE: Philippines, Bangladesh Officials to Discuss Fund Return

MORE: Philippines, Bangladesh Officials to Discuss Fund Return

(Bloomberg) -- Senators, Anti-Money Laundering officials and Bangladesh envoy John Gomes to meet on Wednesday to discuss return of fund that is part of bigger $81m stolen from Bangladesh central bank, Gomes tells reporters after Senate hearing in Manila.
  • “What was very clear was we were receiving money on behalf of our government from Kim Wong through his lawyers and I signed for it,” Gomes says; referring to casino junket operator who turned over equivalent of $5.46m to Anti-Money Laundering Council
  • Embassy in Manila already processing return of stolen funds to Bangladesh through Standard Chartered Bank account
  • Wong, at today’s hearing, asked for 15-30 days to raise 450m pesos more, which was paid to him by one of 2 Chinese nationals tagged in cyber heist
  • AMLC Executive Director Julia Abad says Wong must consent to physical transfer of money to Bangladesh govt so there won’t be need to file petition for civil forfeiture; Abad says Wong’s letters say fund turnover was for safekeeping
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Italy, France, Germany, Eurozone Services PMIs Start in 5 Mins

Italy, France, Germany, Eurozone Services PMIs Start in 5 Mins

(Bloomberg) -- Services and composite PMI for Italy are due at 9:45 a.m. CET, with France, Germany and the eurozone data coming every 5 mins thereafter.
  • Italy March services PMI est. 53.9, prev 53.8
    • Italy March composite PMI no est., prev 53.7
  • France March services PMI final est. 51.2, initial est. 51.2
    • France March composite PMI final est. 51.1, initial est. 51.1
  • Germany March services PMI final est. 55.5, initial est. 55.5
    • Germany March composite PMI final est. 54.1, initial est. 54.1
  • Eurozone March services PMI final est. 54.0, initial est. 54.0
    • Eurozone March composite PMI final est. 53.7, initial est. 53.7
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: China to Prevent Risks From Banks’ Overseas Businesses

China to Prevent Risks From Banks’ Overseas Businesses

(Bloomberg) -- China’s banking regulator requires banks to include debt investment in unified risk management system, according to a statement.
  • CBRC also asks banks to be cautious in overseas investment and follow local rules on anti-money laundering
  • Link to Statement:Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Panama Papers Tax Haven: David Cameron Silent on Family's Tax Affairs

Panama Papers Tax Haven: David Cameron Silent on Family's Tax Affairs

Alert: HALISTER1
Source: TEL (Telegraph UK)

People
David Cameron (United Kingdom of Great Britain and Northern Ireland)
Daryl Kimball (Arms Control Assn)
John McDonnell (United Kingdom of Great Britain and Northern Ireland)
Tim Farron (United Kingdom of Great Britain and Northern Ireland)

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UUID: 7947283