Credit Suisse Convicted in Cocaine, Cash Laundering Trial
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Credit Suisse Convicted in Cocaine, Cash Laundering Trial
Credit Suisse Convicted in , Cocaine, Cash Laundering Trial.
'New York Post' reports that the investment banking company has been convicted by Switzerland's Federal Criminal Court for failing to stop money laundering.
A former employee was also found
guilty of money laundering.
On June 27, the court said it found shortcomings within Credit Suisse when it came to stopping a Bulgarian cocaine trafficking gang from using the bank to launder money between 2004 and 2008.
These deficiencies enabled the withdrawal of the criminal organization’s assets, which was the basis for the conviction of the bank’s former employee for qualified money laundering, Switzerland's Federal Criminal Court, via 'New York Post'.
The company could have prevented the infringement if it had fulfilled its organizational obligations, Switzerland's Federal Criminal Court, via 'New York Post'.
Credit Suisse and the former employee, who's been fined and given a suspended 20-month prison sentence, both deny any wrongdoing.
Credit Suisse is continuously testing its anti-money laundering framework and has been strengthening it over time, in accordance with evolving regulatory standards.
Generating compliant business growth in line with legal and regulatory requirements is
key for Credit Suisse, Credit Suisse, via statement.
Credit Suisse intends to appeal the conviction.
.
The financial institution faces a fine of
$2.1 million in addition to the confiscation of assets that the drug gang held at the bank
Ukraine’s president Volodymyr Zelenskyy says Kiev has credible intelligence that Russia plans to disrupt the Global Peace Summit to be held in Switzerland in June.
Credit: euronews (in English) Duration: 01:36Published
Disney to Ban Visitors , Who Lie About Disabilities.
The Walt Disney Company says that there has
been an uptick in fraudulent disability claims at
its parks from people attempting to gain Disability Access Services (DAS), 'New York Post' reports. .
On April 15, the company said that anyone found to have lied about a disability to obtain these services will be banned from Disney parks permanently. .
If it is determined that any of the
statements a Guest made in the
process of obtaining DAS are not true,
the Guest will be permanently barred
from entering the Walt Disney World
Resort and the Disneyland Resort, The Walt Disney Company, via statement.
Any previously purchased Annual
Passes, Magic Key passes, tickets and
other park products and services...
will be forfeited and not refunded, The Walt Disney Company, via statement.
DAS allows people with disabilities
to skip waiting in lines.
The company's website previously indicated
that the service was for “guests who have
difficulty tolerating extended waits in a
conventional queue environment due to a disability.”.
The website has since been updated to read, , “DAS is intended to accommodate a small
percentage of Guests who, due to a developmental disability like autism or similar, are unable to wait in a conventional queue for an extended period or time.”.
At Walt Disney World, “in-person registration will no longer be available at theme park Guest Relations locations starting May 20, 2024,” Disney said.
Instead, DAS registrations will
take place via virtual video chat. .
However, at Disneyland, guests can
apply for DAS via either virtual chat or an
"accessibility services" window beginning June 18. .
Anyone who currently has DAS will be required to re-apply, 'New York Post' reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
Nikki Haley Has a New Job , After Dropping Out of Presidential Race.
The former governor of South Carolina
announced on April 15 that she's going to work for
the Hudson Institute, 'New York Post' reports. .
She will serve as the conservative foreign-policy think tank's Walter P. Stern chair.
Haley said that she will use her position to aid her foreign-policy objectives, 'New York Post' reports. .
When our policymakers fail to call
out our enemies or acknowledge
the importance of our alliances,
the world is less safe. That is why
Hudson’s work is so critical, Nikki Haley, via statement.
They believe the American
people should have the facts
and policymakers should have
the solutions to support a secure,
free and prosperous future. , Nikki Haley, via statement.
I look forward to partnering
with them to defend the principles
that make America the greatest
country in the world, Nikki Haley, via statement.
Sarah May Stern, chair of Hudson’s
Board of Trustees, said, "It is fitting
that Nikki has taken on this title.".
She is a courageous and insightful
policymaker and these qualities
are vital in making Hudson the
powerhouse policy organization it
is today, and I am extremely proud
that she has joined the Institute, Sarah May Stern, chair of Hudson’s Board of Trustees, via statement.
Hudson President and CEO John Walters also issued
a statement about Haley joining the institute. .
Nikki is a proven, effective leader on
both foreign and domestic policy, John Walters, Hudson president and CEO, via statement.
In an era of worldwide political
upheaval, she has remained a
steadfast defender of freedom
and an effective advocate for
American security and prosperity. , John Walters, Hudson president and CEO, via statement.
We are honored to have her
join the Hudson team, John Walters, Hudson president and CEO, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Stomach Sleeping , May Be Wreaking , Havoc on Your Health.
'New York Post' reports that sleeping
on your stomach may come with
a number of potential health issues.
Experts say the biggest complaint
from people who sleep on their
front is having lower back pain.
If you already have
neck and back problems,
sleeping in this position
is almost guaranteed
to make them worse, Dr. Tony Nalda, Scoliosis Reduction Center, via New York Post.
According to Dr. Tony Nalda from the Scoliosis
Reduction Center, stomach sleeping can also make
breathing difficult as it compresses the diaphragm.
The sleeping position also puts
stress on the heart, which can make it
more difficult for blood to circulate.
Over time, this increases the
risk of cardio issues, especially
if you already have problems.
If you struggle to breathe deeply,
it can lead to higher blood pressure, Dr. Tony Nalda, Scoliosis Reduction Center, via New York Post.
Over time, this increases the
risk of cardio issues, especially
if you already have problems.
If you struggle to breathe deeply,
it can lead to higher blood pressure, Dr. Tony Nalda, Scoliosis Reduction Center, via New York Post.
Sleeping with a twisted neck, like in the front
sleeping position, can also result in migraines,
pinched nerves and even neurological issues.
According to the Sleep Foundation, stomach
sleeping can also lead to more wrinkles because of
how the position smushes your face against the pillow.
The experts say that changing sleeping
positions can be an easy fix that could improve
both your quality of sleep and your health.
Sleeping on your back or
your side offers significantly
more health benefits and less
discomfort than sleeping
on your stomach, Sleep Foundation, via New York Post.
Experts say that side sleeping can help
people who suffer from sleep apnea,
as the position helps keep the airway open.
Meanwhile, sleeping on your back
can help people with lower back pain,
as it helps with spine alignment
Credit: Wibbitz Top Stories Duration: 01:31Published
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