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World Stock Markets Trading Discussion - Serial sang-froid


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w?s=%5EAORD

 

Minimal movement in the Aussie market:  All Ords closed +0.2% led by Consumer Discretionary +0.8% with Miners -0.4% at the other end.

Over in Asia, China -0.2%, Honkers -0.3%, India +0.4% and Singers flat.

 

 

On to UK/Europe:

 

 

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If you can't fine the bank because they don't have assets in the US, It the bank is solvent and does not need a bailout, try to talk them out of business.

 

Given the current media coverage relating to recent US Department of the Treasury notices, FBME Bank seeks to clarify its position. 

 

FBME Bank is shocked by the content of the US Department of the Treasury notice relating to the Bank, dated 15 July, that sets out unexplained allegations of weak AML controls. The Bank confirms that it had no prior notification of this announcement nor has it had the opportunity to comment on or refute the various allegations set out in it.

 

The announcement is all the more surprising because, as a result of the financial uncertainty in Cyprus in the past two years, FBME Bank commissioned a detailed assessment by the German office of a leading international accountancy firm into its operations and practices, which found that the Bank’s services are indeed in compliance with applicable AML rules of the Central Bank of Cyprus and the European Union.

 

FBME Bank welcomes the involvement of its regulator, is cooperating fully with it and reiterates its absolute continued commitment to full compliance with applicable laws and regulations.  

 

FBME Bank continues to comply with European Capital Adequacy and Liquidity Standards and other healthy balance sheet ratios.

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If you can't fine the bank because they don't have assets in the US, It the bank is solvent and does not need a bailout, try to talk them out of business.

 

Given the current media coverage relating to recent US Department of the Treasury notices, FBME Bank seeks to clarify its position. 

 

FBME Bank is shocked by the content of the US Department of the Treasury notice relating to the Bank, dated 15 July, that sets out unexplained allegations of weak AML controls. The Bank confirms that it had no prior notification of this announcement nor has it had the opportunity to comment on or refute the various allegations set out in it.

 

The announcement is all the more surprising because, as a result of the financial uncertainty in Cyprus in the past two years, FBME Bank commissioned a detailed assessment by the German office of a leading international accountancy firm into its operations and practices, which found that the Bank’s services are indeed in compliance with applicable AML rules of the Central Bank of Cyprus and the European Union.

 

FBME Bank welcomes the involvement of its regulator, is cooperating fully with it and reiterates its absolute continued commitment to full compliance with applicable laws and regulations.  

 

FBME Bank continues to comply with European Capital Adequacy and Liquidity Standards and other healthy balance sheet ratios.

 

To Russia with love :lol:

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To Russia with love :lol:

 

 

Just look what they were accused of, how much did Madoff channel through US Banks? Madoff's banks were charged with receiving $76 Billion. What happened nothing!

 

FBME facilitated transactions for entities that perpetrate fraud and cybercrime 
against victims from around the world, including in the United States. For example, in 
2009, FBME facilitated the transfer of over $100,000 to an FBME account involved in a 
High Yield Investment Program (“HYIP”) fraud against a U.S. person
In July 2012, the FBME customer operating the alleged HYIP was indicted in the United States District 
Court for the Northern District of Ohio for wire fraud and money laundering related to 
the HYIP fraud.
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