Latest news with #USAuthorities
Washington Post
a day ago
- Washington Post
Guatemala denies that Chilean green-card holder was deported from the United States
GUATEMALA CITY — The Guatemalan government on Sunday denied that U.S. authorities deported a Chilean man to the Central American country. The Morning Call of Allentown, Pennsylvania, reported Luis Leon, 82, a legal permanent resident of the United States who won asylum in 1987, ended up in Guatemala after being handcuffed in a Philadelphia immigration office, where he went to replace his lost green card. The news report relied on family accounts.
Associated Press
09-07-2025
- Associated Press
Greek court rejects extradition request for US national accused of running child exploitation site
THESSALONIKI, Greece (AP) — A court in Greece has rejected an U.S. extradition request for a 21-year-old American man wanted in connection with an online network that is alleged to have targeted children for acts of violence and sexual exploitation. Court officials in the northern city of Thessaloniki said Wednesday that the claim was rejected because the suspect has applied for and is eligible to receive Greek citizenship. He was due to be released from custody this week. A panel of judges upheld the claim 'that the extradition of a Greek national is forbidden, acknowledging his Greek citizenship by virtue of being the child of a Greek parent,' the suspect's lawyer Xanthippi Moisidou told The Associated Press. The suspect, who maintains his innocence, was arrested in April, accused by U.S. authorities of being involved in the criminal online group known as 764 that coerced children into committing acts of violence and sexual abuse, which were recorded and distributed online. A second man was arrested in North Carolina days earlier as part of the same investigation. U.S. Attorney General Pam Bondi had described the suspects as being responsible for 'a network built on terror, abuse, and the deliberate targeting of children.'
Yahoo
27-06-2025
- Business
- Yahoo
Mexico Steps In to Run Banks Tarred by US Drug Accusations
(Bloomberg) -- Mexico's bank regulator stepped in to temporarily run three financial firms on Thursday, an extraordinary measure aimed at protecting customers following money-laundering accusations by US authorities the day before. Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares US Renters Face Storm of Rising Costs Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Mapping the Architectural History of New York's Chinatown US State Budget Wounds Intensify From Trump, DOGE Policy Shifts The claims that the firms were potentially facilitating drug cartels' money laundering sent shock waves through a country scarred by banking scandals and raised questions about whether more institutions could become targets of Washington. Mexico's banking lobby rushed to say the interventions wouldn't impact the country's financial system. The National Banking and Securities Commission, or CNBV, said in a statement Thursday that it was replacing management at the CIBanco SA and Intercam Banco SA 'in order to safeguard the rights of these institutions' savers and clients, given the potential implications for these banks of the measures announced by the United States Department of the Treasury.' CIBanco said in a statement that it would cooperate with the intervention and assured clients that their funds were safe under Mexican law. 'We will collaborate at all times with regulatory authorities in both Mexico and the United States, within the legal framework governing financial institutions, to address any potential concerns identified by the CNBV and FinCEN,' CIBanco said, referring to the US Treasury's Financial Crimes Enforcement Network. Intercam didn't immediately respond to a request for comment, but had denied the accusations on Wednesday. Late Thursday, Mexico said it was also using a separate law to take over management at Vector Casa de Bolsa SA, a brokerage without deposits. Vector representatives did not immediately respond to a request for comment. FinCEN slapped CIBanco, Intercam and Vector with orders that will prohibit certain fund transmissions with US entities. The orders take effect 21 days following publication in the US Federal Register. The register's website does not yet include publication of the orders. The regulator's move comes amid risks that clients could be spooked by the allegations even as President Claudia Sheinbaum responded defiantly to the US measures, arguing she's seen no evidence to support the designations. Mexicans have seen their fair share of banking scandals, from failures tied to related-party loans in the 1990s to HSBC Holdings Plc's admission to anti-money laundering and sanctions violations that facilitated the laundering of at least $881 million in drug proceeds. The news of the US accusations snowballed with Attorney General Pam Bondi's comments before senators putting Mexico on the list with Russia, China and Iran as US adversaries. Meanwhile, Mexico's senate on Wednesday approved a new anti-money laundering law. The Asociacion de Bancos de Mexico, or ABM, said the bank interventions wouldn't impact the stability of the country's banking system. 'The announced intervention seeks to create an environment of certainty that will allow institutions to operate normally for the time required to ensure that they meet regulatory standards,' ABM said in a statement. Investors also seemed little concerned the US measures poised a major risk to Mexico, with the peso currency posting its fourth day of gains. With Mexico's economic fundamentals still intact, long-term investors are not worried by the news, Karobaar Capital's Chief Investment Officer Haris Khurshid said, even if bank stocks could see some pressure. 'This is a serious reputational hit for Mexico's banking system, even if the fundamentals remain stable,' he said. 'The real risk is contagion, not just client outflows, but broader pressure on cross-border capital flows and compliance costs.' While the three firms tagged by the US are small, they are all well-known for foreign exchange operations and overseas branches that invest the wealth of Mexicans. Vector was founded by a key ally of former President Andres Manuel Lopez Obrador. Intercam is known for its foreign-exchange traded funds. CIBanco has a nightly segment on Milenio TV explaining market moves. Manuel Somoza, a CIBanco executive, had to abandon his routine TV slot to defend his bank. He said CIBanco had not been contacted by US authorities prior to the announcement and was open to clearing up any concerns immediately. Somoza said he had been on the phone with clients throughout the afternoon, assuring them their investments were safe. 'Rumors hurt you more than formal accusations,' he said. 'That's why we want them to conduct the investigation as quickly as possible.' (Updates with Vector intervention in paragraphs one, six and seven as well as Pam Bondi comments in paragraph 11 and an anti-money laundering bill in paragraph 12.) How to Steal a House America's Top Consumer-Sentiment Economist Is Worried Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Apple Test-Drives Big-Screen Movie Strategy With F1 Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-06-2025
- Business
- Yahoo
Mexico Steps In to Run Banks Tarred by US Drug Accusations
(Bloomberg) -- Mexico's bank regulator stepped in to temporarily run three financial firms on Thursday, an extraordinary measure aimed at protecting customers following money-laundering accusations by US authorities the day before. Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares US Renters Face Storm of Rising Costs Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Mapping the Architectural History of New York's Chinatown US State Budget Wounds Intensify From Trump, DOGE Policy Shifts The claims that the firms were potentially facilitating drug cartels' money laundering sent shock waves through a country scarred by banking scandals and raised questions about whether more institutions could become targets of Washington. Mexico's banking lobby rushed to say the interventions wouldn't impact the country's financial system. The National Banking and Securities Commission, or CNBV, said in a statement Thursday that it was replacing management at the CIBanco SA and Intercam Banco SA 'in order to safeguard the rights of these institutions' savers and clients, given the potential implications for these banks of the measures announced by the United States Department of the Treasury.' CIBanco said in a statement that it would cooperate with the intervention and assured clients that their funds were safe under Mexican law. 'We will collaborate at all times with regulatory authorities in both Mexico and the United States, within the legal framework governing financial institutions, to address any potential concerns identified by the CNBV and FinCEN,' CIBanco said, referring to the US Treasury's Financial Crimes Enforcement Network. Intercam didn't immediately respond to a request for comment, but had denied the accusations on Wednesday. Late Thursday, Mexico said it was also using a separate law to take over management at Vector Casa de Bolsa SA, a brokerage without deposits. Vector representatives did not immediately respond to a request for comment. FinCEN slapped CIBanco, Intercam and Vector with orders that will prohibit certain fund transmissions with US entities. The orders take effect 21 days following publication in the US Federal Register. The register's website does not yet include publication of the orders. The regulator's move comes amid risks that clients could be spooked by the allegations even as President Claudia Sheinbaum responded defiantly to the US measures, arguing she's seen no evidence to support the designations. Mexicans have seen their fair share of banking scandals, from failures tied to related-party loans in the 1990s to HSBC Holdings Plc's admission to anti-money laundering and sanctions violations that facilitated the laundering of at least $881 million in drug proceeds. The news of the US accusations snowballed with Attorney General Pam Bondi's comments before senators putting Mexico on the list with Russia, China and Iran as US adversaries. Meanwhile, Mexico's senate on Wednesday approved a new anti-money laundering law. The Asociacion de Bancos de Mexico, or ABM, said the bank interventions wouldn't impact the stability of the country's banking system. 'The announced intervention seeks to create an environment of certainty that will allow institutions to operate normally for the time required to ensure that they meet regulatory standards,' ABM said in a statement. Investors also seemed little concerned the US measures poised a major risk to Mexico, with the peso currency posting its fourth day of gains. With Mexico's economic fundamentals still intact, long-term investors are not worried by the news, Karobaar Capital's Chief Investment Officer Haris Khurshid said, even if bank stocks could see some pressure. 'This is a serious reputational hit for Mexico's banking system, even if the fundamentals remain stable,' he said. 'The real risk is contagion, not just client outflows, but broader pressure on cross-border capital flows and compliance costs.' While the three firms tagged by the US are small, they are all well-known for foreign exchange operations and overseas branches that invest the wealth of Mexicans. Vector was founded by a key ally of former President Andres Manuel Lopez Obrador. Intercam is known for its foreign-exchange traded funds. CIBanco has a nightly segment on Milenio TV explaining market moves. Manuel Somoza, a CIBanco executive, had to abandon his routine TV slot to defend his bank. He said CIBanco had not been contacted by US authorities prior to the announcement and was open to clearing up any concerns immediately. Somoza said he had been on the phone with clients throughout the afternoon, assuring them their investments were safe. 'Rumors hurt you more than formal accusations,' he said. 'That's why we want them to conduct the investigation as quickly as possible.' (Updates with Vector intervention in paragraphs one, six and seven as well as Pam Bondi comments in paragraph 11 and an anti-money laundering bill in paragraph 12.) How to Steal a House America's Top Consumer-Sentiment Economist Is Worried Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Apple Test-Drives Big-Screen Movie Strategy With F1 Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags ©2025 Bloomberg L.P.
Bloomberg
26-06-2025
- Business
- Bloomberg
Mexico Regulator Steps In to Run Banks Tarred by US Accusations
Mexico's bank regulator said it was temporarily stepping in to run CIBanco SA and Intercam Banco SA in a bid to protect customers following accusations by US authorities that the firms were potentially facilitating money laundering by drug cartels. The National Banking and Securities Commission, or CNBV, said in a statement Thursday that it was replacing management at the two banks 'in order to safeguard the rights of these institutions' savers and clients, given the potential implications for these banks of the measures announced by the United States Department of the Treasury.'
