Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsExpectations are high to see tangible actions further to the COP26 conference, and funding for decarbonization and transition to net-zero is a major challenge for many countries. HSBC, supported by its international network, is poised to lead the transition and mobilize change.
The report was based on 2,100 leaked suspicious activity reports (SARs), covering transactions between 1999 and 2017, filed by banks and other financial firms with the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).
"Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in a Ponzi scheme were all allowed to flow into and out of these financial institutions, despite warnings from the banks' own employees," according to the probe from Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ).
Joseph Incalcaterra, the chief economist for ASEAN at HSBC, said on Wednesday that the current uncertainty of the global economy made reform even more important, particularly for attracting foreign direct investment (FDI).
With COVID-related obstacles set to linger, policy makers would do well to supplement their immediate economic support measures with bold steps aimed at increasing their economies’ attractiveness as places to invest and do business in.
Airlines including United Airlines Holdings Inc said they were canceling some flights to China as demand fell sharply and global companies told their employees not to travel on deepening fears over the spread of a flu-like virus.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.