Lindsay's Feed
Jul 23, 2015

Two more Swiss banks strike deals with U.S. over tax evasion

WASHINGTON (Reuters) – Two more Swiss banks will pay
penalties to the United States as part of settlements that mean
they will not face criminal charges for helping Americans avoid
taxes, U.S. authorities said on Thursday.

SB Saanen Bank AG will pay nearly $1.4 million and
Privatbank Bellerive AG will pay $57,000, the U.S. Justice
Department said.

Jul 17, 2015

New Jersey company to pay $17.1 million fine to settle bribery charges

WASHINGTON (Reuters) – Louis Berger International Inc, a
New-Jersey-based construction management company, will pay a
$17.1 million criminal fine to resolve charges that it bribed
officials to win government contracts abroad, the U.S. Justice
Department said on Friday.

Two former executives also pleaded guilty to charges brought
under the Foreign and Corrupt Practices Act, the department
said.

Jul 16, 2015

Three more Swiss banks settle with United States over tax probes

WASHINGTON (Reuters) – Three more Swiss banks will pay penalties to the United States as part of deals that mean they will not face criminal charges for helping Americans avoid taxes.

Mercantil Bank (Schweiz) AG will pay $1.172 million, Banque Cantonale Neuch√Ęteloise[BCNEU.UL] will pay $1.123 million and Nidwaldner Kantonalbank will pay $856,000, the U.S. Justice Department said on Thursday.

Jul 14, 2015

Honda’s U.S. auto finance arm to pay $24 mln over loan pricing problems

WASHINGTON (Reuters) – A U.S. auto finance arm of Honda
Motor Co will pay $24 million in restitution over
allegations that its loan pricing practices caused minority
customers to pay higher interest rates than white borrowers did,
U.S. regulators said on Tuesday.

The U.S. Consumer Financial Protection Bureau and Department
of Justice said American Honda Finance Corp also would change
its pricing and compensation system to reduce the potential for
discrimination.

Jul 10, 2015

Suspected Charleston shooter could buy gun due to background check mix-up: FBI

WASHINGTON (Reuters) – The suspect in the shootings of nine black churchgoers in Charleston, South Carolina, was erroneously able to buy a gun due to a mix-up in a background check which should have revealed an admission of drug possession, Federal Bureau of Investigation Director James Comey said on Friday.

The examiner of suspect Dylann Roof’s federal background check did not see a police report in which Roof admitted to drug possession, which would have barred him from buying the weapon, Comey told reporters at a briefing.

Jul 9, 2015

Banque Pasche, Arvest Privatbank settle with U.S. under Swiss bank program

By Lindsay Dunsmuir

(Reuters) – Banque Pasche SA and Arvest Privatbank AG will pay penalties to the United States as part of settlements that mean they will not face criminal charges for helping Americans avoid taxes, becoming the latest Swiss banks to resolve tax evasion probes.

Banque Pasche SA will pay $7.229 million and Arvest Privatbank AG $1.044 million in penalties to the United States,

Jul 8, 2015

FBI chief warns encryption emboldens would-be Islamic State attackers

WASHINGTON (Reuters) – Barring law enforcement authorities’ access to encrypted communications would make it easier for Islamic State sympathizers to attack the United States, FBI Chief James Comey told Senate lawmakers on Wednesday.

The Federal Bureau of Investigation is pushing technology companies to let law enforcement authorities have access to encrypted communications to investigate illegal activities. Those companies have resisted, arguing that such access would weaken systems against criminals and computer hackers.

Jul 8, 2015

FBI chief warns encryption makes Islamic State attacks more likely

By Lindsay Dunsmuir

(Reuters) – Preventing law enforcement authorities from
having access to encrypted communications would make it easier
for sympathizers of Islamic State militants to carry out an
attack in the United States, FBI Chief James Comey said on
Wednesday.

The Federal Bureau of Investigation is pushing technology
companies to let law enforcement authorities have access to
encrypted communications to investigate illegal activities.
Those companies have resisted, arguing that building in such
access would undermine encryption and weaken systems against
criminals and computer hackers.

Jun 29, 2015

Obama signs trade bills into law, says tough battle still ahead

WASHINGTON (Reuters) – U.S. President Barack Obama on Monday signed into law legislation that gives him “fast-track” power to push ahead on a Pacific Rim trade deal that has been the subject of intense debate in Congress and across the nation.

Flanked by some of the lawmakers who supported the bill through a six-week congressional battle, Obama acknowledged that his fight to secure the 12-nation Trans-Pacific Partnership was far from over.

Jun 29, 2015

U.S. charges fifth man in alleged N.Y.-N.J. Islamic State plot

By Lindsay Dunsmuir and Joseph Ax

(Reuters) – A New Jersey man was arrested on Monday on
charges of conspiring to provide support to the militant group
Islamic State, the fifth man to be arrested in recent weeks as
part of a broader probe in the New York City region.

Alaa Saadeh, 23, of West New York, New Jersey, was expected
to appear in Newark federal court later on Monday, the U.S.
Justice Department said.