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A House committee released an intense bipartisan report that alleged two of China’s extensive telecommunication firms of acting as arms of the government that had taken intellectual property from the United States firms and could possibly spy on Americans, on the most current development to focus on the sensitive area that China and the United States are managing on the economic concerns.
After a year’s worth of observation it had ended with the conclusion that the Chinese companies like ZTE Inc and Huawei Technologies were a national security threat due to their effort to isolate sensitive details from United States firms and their bond to the Chinese government said by the House Intelligence Committee. To generate and utilize wireless networks, the firms sell telecommunications supplies necessarily like something that used by AT&T and Verizon Wireless.
Developing concerns with regards to the security of communications, most of the top suppliers of the materials are located outside the United States. Due to the close ties with the Chinese government which is strongly contributed to the firms, the concerns are more on acute about ZTE and Huawei. According to the report, it allows the Chinese firms to operate business in the United States that would provide the Chinese government the ability to quickly interrupt communications and could allow to start the online assault on discerning infrastructure.
Both of the presidential candidates have discussed about the importance of the United States and China’s bond and have agreed to move strongly on Chinese trade practices and currency that affects the American business concerns. The Republican presidential candidate, Mitt Romney has announced frequently throughout his campaign for a more challenging approach to China with the business concerns, even though Romney focused his words on the Chinese currency market activity rather than on the practices of the nation’s telecommunications firms.
Just recently, President Barack Obama has also announced a stronger position, through the Committee of Foreign Investment, President Obama command a Chinese firm to take off itself of interests in four wind farm projects nearby the Navy base in Oregon where drone aircraft training happens. In 22 years, it was the first time that a president had interrupted such a contract.
Recently, the ninth trade move that the administration has brought over China has arrived at the World Trade Organization in Geneva as the Obama administration has filed a case that accused China with unfairly promoting its exports of auto and auto parts. The United States government should be banned from operating business with ZTE and Huawei and that U.S. firms should prevent buying their products.
The committee had gathered internal documents coming from the recent employees of Huawei that offered supplied services through a cyber warfare unit of the People’s Liberation Army, it was according to the report. The U.S. government should proceed to an interagency panel of the Committee on Foreign Investment in the U.S. that analyzes the national security implications of the foreign investments to finalize some recommendations and suggestions. The firms should tell the Chinese market to stop hacking the American companies if they really want to negotiate with the Americans.
REFERENCES:
http://gadgets.ndtv.com/telecom/news/us-panel-calls-chinas-huawei-zte-national-security-threat-277317
http://www.guardian.co.uk/technology/2012/oct/08/china-huawei-zte-security-threat
http://www.onenewspage.us/n/Front+Page/74rh5kxgb/Panel-Calls-Huawei-and-ZTE-%E2%80%98National.htm
http://www.google.com.ph/url?sa=t&rct=j&q=us%20panel%20calls%20china%27s%20huawei%2C%20zte%20%22national%20security%20threat%22&source=web&cd=8&cad=rja&sqi=2&ved=0CF0QFjAH&url=http%3A%2F%2Fwww.allvoices.com%2Fnews%2F13141987-us-panel-calls-huawei-and-zte-national-security-threat&ei=fel0UOPjOumUjALfhoC4Dw&usg=AFQjCNE5ePzzfWoWz5vTODly_lGFTe27_w
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The discrimination against Indian software firms that assign employees to the United States on short-term agreements is the reason why India is anticipated to promptly seek consultations with the United States under the shelter of the WTO or World Trade Organization on the visa fee increase for professionals.
A senior official said that even though the commerce ministry had privately begun the process last April, gathering all the relevant data and information to produce a tough case in the World Trade Organization is taking time. He added that they are putting all the evidences all at once, but now they have settled the case.
The official said that they are hoping that by the end of October, they will legally file the complaint and look for some consultations over World Trade Organization. The United States’ visa fee increase is an unfair action for Indian information technology companies. Under the Border Security Act to reserve its elevated costs of securing borders with Mexico, the United States had increased its visa fee in 2010.
Across the measure at different forums, India has been complaining. The Emergency Border Security Supplemental Appropriations Act of 2010, is an American law that has essentially raised the fees for L-1 and H-1B categories of visas for applicants that utilize over 50 staff in the United States or have more than 50 percent of the staff granted the non-immigrant visas named the 50/50 rule. According to Jyotiraditya Scindia, the Minister of State for Commerce and Industry that it is obviously discriminatory actions for Indian firms.
The L1 visa fee has been raised to US$ 2,700 each visa application while US$ 2,000 per visa application for H1B, based on the industry experts. For Indian software exports, the United States is their largest market but due to the United States move to visa fee increased some of the major Indian firms were being affected like Mahindra Satyam, Wipro, TCS and Infosys.
Consultation is the first level of an accusation filed with the global trade body as per the process of the World Trade Organization. Without proceeding further, consultations allow both parties the opportunity to deliberate the issue and to seek a sufficient solution. The complainant may ask judgement by a panel if the consultations miss to resolve the argument after 60 days.
At the same time, Washington and New Delhi have also finished consultations regarding with other issues in World Trade Organizations that involve steel and avain influenza. India had opposed the United States with unjustly required countervailing responsibilities, a nature of prohibited duty on assertive hot-rolled carbon steel flat products coming from India on April. An official said that they have requested for creating a panel over the World Trade Organization’s discord settlement interventions on the steel issues.
REFERENCES:
http://profit.ndtv.com/news/international-business/article-india-to-move-world-trade-body-over-us-visa-fee-hike-311197?pfrom=home-otherstories
http://www.bipartisanreport.com/post/464554-US-visa-fee-hike:-India-all-set-to-move-world-trade-body
http://www.indiaeveryday.in/finance/news-us-visa-fee-hike-india-all-set-to-move-world-trade-body-1027-4457889.htm
http://www.i4u.com/2012/09/world-trade-organization/oct-wto-hike-against-fee-move-us-end-visa-india
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The world’s no. 2 telecommunications equipment maker, Chinas Huawei Technologies Co. Ltd has been in touch with investment banks about a possible initial public offering, however it has not made any decision about proceeding with a listing. Base on the report of the Wall Street Journal, Huawei had reached out to investments banks for advice on an IPO, which is seen as a way of making itself more transparent and helping it win big contracts in markets like the United States,though it had not chosen any banks and nothing had been decided. One source who is close to the company told Reuters that they have not ruled out the possibility of listing, they have been in touch with banks, yet he think anything has been decided.
For years, Huawei has been looking at the listing, however there has been little progress due to the complicated company share structure and some doubts about whether a listing would actually help dispel suspicion that US lawmakers have towards the company, sources told Reuters. He said that one banking source who declined to be identifies as he was not authorized to speak to the media had been open to the idea of going public every now and then, yet he was unaware of anything happening at the moment. Huawei and the domestic rival ZTE Corp have been successful in selling handsets in the United States, however they have hit roadblocks trying to sell their flagship telecommunications equipment products due to opposition from US lawmakers over security concerns when it barred Huawei from bidding for contracts to build the country’s national broadband network.
Huawei said that the wall street hournal, citing a person familiar with the matter. Huawei began reaching out to banks for IPO advice after being forced to drop a small acquisition due to opposition from the Obama administration. He is leaning towards a listing in the United States, however it is also considering Hong Kong or London.
REFERENCES:
http://gadgets.ndtv.com/telecom/news/huawei-mulling-for-ipo-in-us-sources-275904
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According to several people who said they had seen the previous drafts of an executive order, the White House is planning to command federal agencies to create voluntary cyber-security guidelines for owners of water, power and other critical infrastructure facilities. According to the person who is presently outside the government and shouted on condition of anonymity in order to retain access to government officials, it tells those who have the competency to direct to go forth and do so.
The outline executive order contains elements of what had been the leading cyber-security reconstruct bill in the Senate that was demolished this summer in the middle of opposition from the industries in contrary to increased regulation. Joe Lieberman, senate Homeland Security Committee Chairman, an independent and one of the main authors of that bill encourage the White House to release the order.
Lieberman wrote to President Barack Obama that the Department of Homeland Security has clear control to administer risk assessments of critical infrastructure, recognize those systems or assets that are most exposed to cyber attack and issue voluntary standards for those analytical systems or assets to keep adequate cyber-security.
Within the agencies, the document has been circulating and it might go to top officials for their suggestions. An order was being acknowledged but would not give any details, they were not commenting on the elements, it was confirmed by Caitlin Hayden, a spokeswoman for the administration’s National Security Council.
The suggested order would also ask DHS to confer with liberated agencies like as electric regulators and others that don’t answer to the president to notice who would take charge on cyber-security, said by Howard Schmidt, former White house cyber-security policy coordinator.
As the Securities and Exchange Commission did in October when it released guidance on when firms should reveal cyber attacks, said Schmidt, who has seen a previous draft, the hope is that if those agencies won’t allow DHS act they would carry out themselves. The Pentagon and the Commerce Department avoided to make any reaction regarding this matter.
Another Democratic leader on the concern who has asked for an executive order, the spokespeople for Senator John Rockefeller and Lieberman said their offices had not been provided copies of the said draft. With intelligence officials warning of fixed exploration of protected computer systems by hackers and the probability of more dismantle future attacks on stock exchanges, banks and electric plants and both past interventions, for the White House and in Congress, cyber-security has become a main issue.
The outlined order did not contain any penalties for firms that miss to comply to the standards or rewards for those who follow it. It could become a concern in the campaign, if the order derives before the election in November arrives. The Lieberman bill condemned as too oppressive by the leading Republicans.
On the merit of a planned order on Monday, the Chamber of Commerce which also disapproved the bill avoided to comment on the issue. The bill had been diminished in search of a compromise and asked in the letter that Obama explore means for generating the standards necessary, Lieberman said. They will still search for legislation that could go further in many terms, said by the administration officials and Lieberman, it may support liability protection for firms that share data with government officials or some who meet the requirements but still experience hacking.
REFERENCES:
http://gadgets.ndtv.com/internet/news/white-house-said-to-plan-executive-order-on-cyber-security-271790
http://home.topnewstoday.org/home/article/3415757/
http://www.linkedin.com/groups/White-House-said-plan-executive-2712334.S.168859749?qid=f53aef06-ceb1-4147-95c5-30155048f7e6&goback=.gmp_2712334
http://www.topix.com/forum/tech/computer-security
http://hashonomy.com/link/white-house-said-to-plan-executive-order-on-cybersecurity-reuters-620431/
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On Monday, Google shares increased for over two percent to its latest record of $749.38 nearly with the Nasdaq exchange and sustained increase in after-hours trading. This year, the stock price has moved up firmly as the California-based company strengthened its positions in key Internet development areas with its superior search engine, the YouTube video venue and Android mobile operating system.
The shares got a lift a Citigroup note encouraging investors that the Google stock price could increase considerably in the upcoming 12 months. The concern was decreasing regarding the expenses of the Motorola Mobility’s acquisition, making money from their ads on tablets and Smartphones and their rivalry from Facebook, Citigroup lifted its target for Google from $740 to $850.
In after-hours trades on Monday, Google shares reached $751.09. Previous public comments by Mark Zuckerberg, Facebook chief and co-founder were considered with improving investor concern regarding a threat to Google’s dominance in online search by Facebook, in some way in a relationship with Microsoft.
The social network’s roll on search was similarly to be answering questions with input from users’ network of friends, said by Zuckerberg throughout an onstage interview at a TechCrunch Disrupt conference in San Francisco. An instance of this is gathering insights regarding some shops, films, restaurants and more from those whose suggestions are reliable.
The firm was decided to focus on ways to build its service available on any devices that people want to use to connect to the Internet, however, Zuckerberg was assertive that Facebook had no interest in creating its own Smartphones. Reported by an industry tracker IDC last month, almost 85 percent of the global market in the second quarter of this year was accounted to Smartphones powered by Apple and Android software.
In the firm’s quarterly Mobile Phone Tracker report, Kevin Restivo, the IDC senior research analyst said that due to the dominance of iOS and Android, the mobile operating system market is now absolutely a two-horse race. There is still space for some mobile OS competitors to gather share, even though that effort will become progressively harder as Smartphone feature increases.
In three months time, Google-backed Android estimated for a commanding 68.1 percent of all Smartphones sent, while Symbian and Blackberry observed their shares slip to 4.4 and 4.8 percent, it was according to IDC. Google’s Android mobile gadget OS that is free to device makers is seen as a keen way to make it natural for users to utilize the company’s money-making services and products on tablet computers and Smartphones.
REFERENCES:
http://gadgets.ndtv.com/internet/news/google-shares-hit-record-high-271748
http://www.topix.com/forum/tech/TJOBKGOMHFOVUOQ4D
http://blogs.wsj.com/marketbeat/2012/09/24/google-shares-hit-record-highs-citi-says-rally-aint-over/
http://www.globalpost.com/dispatch/news/business/companies/120924/google-shares-hit-record-high-75004-share
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Revealing its own thinner and lighter hi-definition tablets that can support multiple users in a bid to win a greater share of the bursting tablet market, Barnes & Noble Inc grab an opportunity at archrival Amazon.com on Wednesday. Similar with Apple Inc’s market-leading iPad size that has 32 GB of memory, the largest U.S. bookstore chain announced the new devices with price tags ranging from $199 for a 7-inch Nook HD tablet that has 8GB memory to 9-inch Nook HD+ tablet for $299. For similar devices, iPad prices are obviously twice with other devices.
The latest Nook are the most recent entries in the battle for sales of tablets, e-readers and digital content like books, magazines and movies that push them. As the firm faces a total industry wide drop in the sales of physical books, Barnes & Noble have pledged its future on its digital business. Sarah Rotman Epps, the Forrester Research analyst said that a key development area is to get their prevailing customer base through digital platform, the latest device was opposing with the same products by Amazon in terms of pricing and features.
Barnes & noble encounters terrible competition from Amazon that can use its Prime shipping service and amazon.com site to captivate the users, and the iPad that has sold in the tens of millions of units. To maintain its posture, Barnes & Noble combined innovative features that would let each a family to share a Nook tablet, with each user capable to customized preference and create a home page, and it was the first table to do so. It has also a parental control that can restraint kids from reading Fifty Shades of Grey or go shopping on the digital market.
Restraining the gap with Apple and Amazon that offer more content on their gadgets, the firm is also promoting a new video-streaming and download service for Nook. The firm has highlighted its features like the image resolution and page-turning technology administer the needs of its basic customers, magazine and book readers said by an official. William Lynch, Barnes & Noble Chief Executive said that they are playing in the tablet space but reading is at their main idea.
The 7-inch tablet scales 11.1 ounces, its larger kin is 18.2 ounces, creating it lighter over the iPad and making them both more suitable for reading, the iPad weighs 23 ounces. In 2009, the major U.S. bookstore chain announced its first Nook device, a basic reader and has possessed its own with deep-pocketed rivals Google Inc, Apple and Amazon. As much as 30 percent of the U.S. electronic-book market garnered because of its success.
On Wednesday, Barnes & Noble’s latest devices are available for pre-order and will ship in October and in November, it will release in the U.S. stores. Starting in late November, it will be on sale in Britain at chains including Waitrose and Sainsbury’s. In the technology industry, the tablet market is at the fastest-growing sectors, according to Gartner, a research firm that the sales will double this year that will reach 118.9 million units. The firm is now creating HD tablets sufficient to meet the strong demands of their customers.
REFERENCES:
http://gadgets.ndtv.com/tablets/news/barnes-noble-launches-nook-hd-hd-tablets-to-take-on-amazon-apple-272229
http://ca.news.yahoo.com/barnes-noble-takes-aims-amazon-apple-hd-nook-050306151.html
http://www.ign.com/articles/2012/09/26/barnes-and-nobles-nook-hd-hd-coming-after-amazon-this-october
http://www.bgr.com/2012/09/26/nook-hd-release-date-hands-on/
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CEO of Oracle Corp Larry Ellison stated that he intends to drive growth at the word’s No. 3 software maker by promoting its current suite of cloud computing products and not through an acquisition. The billionaire who boosted Oracle revenue dramatically over the past decade through a series of purchases said that he would not rule out a big deal down the road. They are not focused on any large acquisitions, they think the organic growth opportunity is in the cloud. He says in his interview on CNBC prior to making a keynote speech at his company’s annual users conference in San Francisco.
From remote data center, Oracles was slow to embrace cloud computing which is a broad term referring to the delivery of computer services via the Internet. The corporate technology buyers like the approach because its is faster to implement and has lower upfront costs than traditional software which businesses need to install on their own computer systems.
REFERENCES:
http://gadgets.ndtv.com/internet/news/larry-ellison-oracles-focus-is-on-cloud-offerings-not-more-acquisitions-274862
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One of the security researcher says that as many as 30 US banking firms are expected to be targeted in a wave of cyber attacks as part of a large scale orchestrated crimeware campaign. Mor Ahuvia of the security firm RSA stated in a blog post that this week a cyber gang has a communicated plans to launch a Trojan attack spree involving bots or automated control of infected computers. He wrote this ” Planned for this fall, the blitzkrieg-like series of Trojan attacks is set to be carried out by approximately 100 botmasters, the RSA believes that this is the making of the most substantial organized banking Trojan operation seen to date.
Mor Ahuva said that the attackers plan will use malware called Goz Prinamilka which is term derived from the Russin word meaning to receive. The gang plans to deploy the Trojan in an effort to complete fradulent wire transfers via Man-In-The-Middle manual session-hijacking scenarios.
RSA stated that if the new attacks is successfully launched may be felt by targeted banks in a month or two. Ahuvi says that the spree’s longevity will depend on how fast banks and their security teams implement countermeasures against the heretofore-secret banking-Trojan. Ahuvia stated that the attackers plan to use malware called Prinimalka which is a term derived from the Russian word meaning to receive. He said that according to underground chatter, the gang plans to deploy the Trojan in an effort to complete fraudulent wire transfers via Man-In-The-Middle manual session-hijacking scenarios.
RSA said that the gang claims that since 2008 their Trojan has been able to siphon USD 5 million from American bank accounts. If the new attacks is successfully launched, it may be felt by targeted banks in a month or two. Ahuvia stated that the spree’s longevity will depend on how fast banks and their security teams implement countermeasures against heretofore-secret banking-Trojan. The warning comes after several US banks appeared to be targeted by so-called denial of service attacks which aim to bring down websites by flooding the networks with data requests.
The US Bank acknowleged its websites was the target of attacks aimed at disrupting its system however that the customer data and financial information were not compromised. PNC Banks, Wells Fargo and other experienced problems as well. The problems arose after a group calling itself, Cyber fighters if Izz ad-din Al qassam, they announced that three banks would be targeted for the second week of Operation Ababil.
REFERENCES:
http://gadgets.ndtv.com/internet/news/wave-of-cyber-attacks-to-target-us-banks-researcher-276810
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The world’s sixth manufacturer of mobile phones, Huawei Technologies Co Ltd is observing its Smartphones to surpass global growth rates and provoke a consumer gadgets business that will oppose its leader telecoms gear in revenue. The recent People’s Liberation Army soldier Ren Zhengfei who established the Shenzhen based firm 25 years ago is presently ranked two worldwide in communication networks, a business that declared nearly to three quarters of the overall revenue last year.
Assumed this year to become the world’s largest Smartphone market, as Huawei purpose is to pick up a global quality in Smartphones obtaining the fight to Apple Inc and Samsung Electronics Co Ltd, specifically in China. Huawei assumes to take up its Android convened product range with tablet PCs and Microsoft Windows 8 phones in the severely dispute Smartphone platform.
CEO of Huawei Device, Wan Biao stated in an interview at the company’s headquarters that whatever consumers want, they will generate, they are also assigned resources into developing a phone operating system according on their present platform as long as other firms won’t let them utilize their system someday. Now, Huawei has developed its consumer devices business that sells dongles, tablet PC and mobiles.
Even though at the risk of profitability provoking the firm to change into higher end products like Ascend and Vision models, its mobiles have elevated its market shares. Wan said that they are still investing roughly for the next one to two years, in order to bring a big challenge to accomplish high profitability. In first half operating profit in July, Huawei declares a 22 percent drop because of the tighter spending by telecom operators and significant challenge of uncertain global economy.
Almost 30 percent increase next year was the anticipated consumer device revenue by Huawei, even though around 40 percent was the anticipated increase of sales from Smartphones. The company expects the business will increase its revenue by 40 percent and in five years it could gain $30 billion, change the telecoms equipment business as the revenue agent.
Some analysts claim that Smartphone branding is a main challenge for Huawei that for years generated the white boxes for telecom carriers to advertise as their own. An analyst at Frost and Sullivan, Ajay Sunder said that the phones are looking cool and from the end users’ view, it is still a branding thing. Huawei also outline to release Smartphones later this year or early next year with the use of Windows 8 OS, even though it gave no particular time frame for the Win 8 phablets and tablets.
He added that as software developers will be less eager to write applications for a small user base, Sunder figure it will be hard for firms to contend with an OS market leaders like Microsoft, Google and Apple. However, Huawei development will still surpass the industry, in 2017, the UK firm Ovum predicts global Smartphone shipments of 1.7 billion, up from last year’s 450 million, indicating an average yearly growth of over 20 percent. Its telecoms equipment business has reach barriers in the United States and Australia beyond security issues political challenges.
REFERENCES:
http://gadgets.ndtv.com/mobiles/news/huawei-plans-to-launch-windows-phone-8-smartphones-later-this-year-271801
http://www.ndtv.com/topic/huawei-windows-phone-8-device
http://www.digitaltrends.com/mobile/huaweis-windows-phone-8-challengers-could-be-out-later-this-week/
http://newsr.in/n/Science/74rfhqpdg/Huawei-planning-to-launch-range-of-Windows.htm
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A senior federal prosecutor in West Virginia prepared an offended plea to his executives in Washington to settle conflict as multiple government agencies follow the high-stakes investigation of HSBC Holdings Plc in the second half of 2010. In Brooklyn and Washington, William Ihlenfeld II had been resisting a losing battle versus his fellow prosecutors who were similarly controlled a parallel probe within the British bank’s control beyond illegal transactions.
There have been a failure in the relationship and his office had been ordered to stand down on June 2010 by the Department of Justice, as they were planning to charge the bank for more than 175 counts due to money laundering, said by Ihlenfeld, the Wheeling, West Virginia’s U.S. Attorney. He added that the first negotiation was unsuccessful, so they were searching for an agreement for the argument for the first time over 30 years.
They have created some offers to willingly solve the argument by separating the investigation through some way that secure the two investigations that will never intervene with each other. But through their effort, all of their suggestions were failed, none of their proposals have even considered a counter offer. In other words, there is no sense why the professionals from various DOJ boards cannot work consistently for the similar preference.
This exact situation is no exclusion, this is based on Ihlenfeld letter sent to the acting deputy attorney general, Gary Grindler. It is not sure if Ihlenfeld originally sent the letter or the Department of Justice settled to reconcile the argument, however the outline supports an exceptional insight into the hidden world of prosecutors and casts a new content on a large and composite U.S. investigation that some two years later may move to a settlement of over $1 billion with HSBC.
Relatively 11 different U.S. departments, regulators and offices were generally composed of the two opposing groups including the U.S. Senate have investigated HSBC for money laundering failure in investigations in 2007. Other Department of Justice records, regulatory filings and interviews and even Ihlenfeld letter with those close to the HSBC prosecutors clarify how diverse and sometimes overrun queries have delayed the prosecution and increased the expenses, moreover prevailed to rancor in the department and within various government agencies.
From minor fraud through the laundering of tens of billions of dollars for drug factories and other regions that are the issue of U.S. sanctions like Iran, they also underline the concerns that the government faces in organizing global banks like the HSBC that can allow a wide range of illegal transactions. The struggle within various government agencies has emerged in other complicated investigations.
Since December 2008, prosecutors in Ihlenfeld’s office had been investigating the case that originated with an investigation of a local doctor’s utilizing the HSBC accounts to carry out $3 million tied to Medicare fraud. Prosecutors in West Virginia were working in two units of the Treasury Department, the Financial Crimes Enforcement Network and the Internal Revenue Service’s Criminal Investigation arm that urges anti-money laundering laws. After more than five years of investigation for HSBC, a final decision may be coming, said in a regulatory filing in July, the bank has already set aside the $700 million to hide those costs.
REFERENCES:
http://profit.ndtv.com/news/corporates/article-us-probe-on-illicit-transactions-by-hsbc-tangled-up-in-bureaucracy-infighting-311310
http://news.silobreaker.com/us-probe-on-illicit-transactions-by-hsbc-tangled-up-in-bureaucracy-infighting-5_2266001635224322108
http://www.amlabc.com/aml-category/aml-news/u-s-probe-of-hsbc-tangled-up-in-bureaucracy-infighting/
http://thelastchanceoffreedom.blogspot.com/2012/09/us-probe-of-hsbc-tangled-up-in.html
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