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Brian Nelson, US Treasury under secretary for terrorism and financial crimes, during a House Financial Services Committee hearing in Washington, DC, US, on Wednesday, Feb. 14, 2024. The hearing is titled "Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI)." WASHINGTON — Over 700,000 companies have submitted data to Treasury's new beneficial ownership information registry, a senior Treasury official said on Wednesday. Nelson said the agency has been "on a full court press" to spread awareness about the registry. Nelson said Treasury has been utilizing multi-lingual guidance, informational webinars, YouTube, and is collaborating with Secretaries of State and Chambers of Commerce to inform business owners.
Persons: Brian Nelson, Nelson Organizations: US, Financial, Terrorism, Financial Intelligence, Treasury, year's, Treasury Department, Hudson Institute, Network, New, YouTube, of State, Chambers of Commerce, Force Locations: Washington , DC, WASHINGTON, United Kingdom, United States
CNN —A British film industry group has raised the age rating for the beloved children’s classic “Mary Poppins” over discriminatory language. “Mary Poppins (1964) includes two uses of the discriminatory term ‘hottentots,’” a BBFC spokesperson said in a statement to CNN. Even as “Mary Poppins” remains a treasured part of the cultural canon, the film has been criticized for trafficking in blackface. It’s partly in this context that the discriminatory language referenced by BBFC appears in the film. In recent years, the movie industry has grappled with how to handle racist or offensive content in classic films.
Persons: CNN —, Mary Poppins ”, “ Mary Poppins, ’ ”, , Mary Poppins, , Julie Andrews, Dick Van Dyke, Banks, Boom, hottentots, “ We’re, Shutterstock, Peter Pan ” Organizations: CNN, British, of, Disney, BBFC, US Library, Congress, National Film Registry, Banks Locations: British, Africa, South Africa, Namibia, Oxford
Why rich companies also keep getting richerThere's another major disconnect that the broader market's impressive performance is masking, strategists at Morgan Stanley remarked in a recent note. Since then, the return gap has gotten even worse in a historically narrow market, Wilson wrote. Morgan Stanley"The equity market understands this economy is not that great for the average company or consumer," Wilson wrote. This rare combination of expansionary fiscal policy and restrictive monetary policy has had the unintended consequence of "crowding out the private economy," Wilson wrote. Companies that can grow without borrowing money at unattractive rates are at a huge advantage, which Morgan Stanley believes has fueled their immense success lately.
Persons: Goldman Sachs, Morgan Stanley, Mike Wilson, Wilson, Morgan, it's, Morgan Stanley Morgan Stanley, Morgan Stanley's Organizations: Federal Reserve, Business, Pew Research Center Locations: GoDaddy
However, I quickly learned that having a common name was going to make that difficult. Instead, the precocious little diva that I was, every Sarah I encountered posed a threat to my uniqueness. I combined my first and middle names, Sarah Elizabeth, into something I thought was unique, yet not so different that friends and family couldn’t catch on: Sarahbeth. No sooner than the ink dried on my new Social Security card did I learn the challenges of having a unique name, which I hadn’t anticipated. One particular annoyance sprouted immediately: having to spell it out or explain it every time I introduced myself (“Sarahbeth, one word, no hyphen, lowercase b…”).
Persons: Sarah I, they’ve, YouTuber, , Sarah Elizabeth, Mary, Kate Olsen, Beth, it’s, Sarah, Sarahbeth Caplin Organizations: Social Security, Google
THE HAGUE, Netherlands (AP) — Historic hearings are opening on Monday at the United Nations’ top court into the legality of Israel’s 57-year occupation of lands sought for a Palestinian state. Israel captured the West Bank, east Jerusalem and the Gaza Strip in the 1967 Mideast war. It has built 146 settlements across the West Bank, according to watchdog group Peace Now, many of which resemble fully developed suburbs and small towns. An additional 200,000 Israelis live in settlements built in east Jerusalem that Israel considers to be neighborhoods of its capital. Israel’s annexation of east Jerusalem, home to the city’s most sensitive holy sites, is not internationally recognized.
Persons: Israel, , Omar Awadallah, Yuval Shany, It’s Organizations: United Nations ’, International Court of, General Assembly, of Justice, West Bank, Palestinian, Palestinian Foreign Ministry, Hebrew University, Israel Democracy Institute, Hamas, South, African National Congress Locations: HAGUE, Netherlands, Palestinian, Israel, Gaza, Jerusalem, Jordan, Egypt, South Africa, israel
Carbon credits continue to play an important role in the global transition towards net zero. As an innovative financing mechanism, carbon credits allow corporates to mobilize capital to support emission-reduction projects. The decision to anchor CAD Trust in Singapore stems from acknowledging that transparency and governance are rooted in its DNA. Why Singapore is a prime location for firms to support global carbon marketsSingapore has successfully attracted more than 100 carbon market and services players to establish the city-state as their home base in Southeast Asia. Singapore's expertise in carbon services and its trailblazing move implementing Southeast Asia's first carbon tax in 2019, also appealed to Calyx Global.
Persons: — Dinesh Babu, Grace Fu, Duncan van Bergen, Van Bergen, — Duncan van Bergen Organizations: Reuters, Singapore, for Nature, National University of Singapore, Data Trust, Government of, Emissions Trading Association, Singapore's, Sustainability, Meta, Trust, Insider Studios, Singapore Economic Development Board Locations: Dubai, Singapore, Government of Singapore, South Asia, Southeast Asia, Oceania, Africa, Paris, Bhutan, COP28, Asia
Club holding Eli Lilly is expecting to get approval for its Alzheimer's treatment in the coming weeks, but investors looking for immediate financial success should temper their expectations. The FDA's decision on Lilly's drug, known as donanemab, is expected by the end of March. In the meantime, Eli Lilly's diabetes and obesity drugs, the heart of our investment thesis, should continue to fuel the lion's share of the company's topline growth. About 2,000 patients are currently taking Leqembi, Biogen said Tuesday, up from 800 at the time of the company's third-quarter report in November. LLY YTD mountain Eli Lilly's stock performance so far in 2024.
Persons: Eli Lilly, drugmaker Biogen, Eli Lilly's, , Lilly, Biogen, Japan's, Chris Viehbacher, Viehbacher, Morgan Stanley, Lilly's, Donanemab, Mounjaro, Jim Cramer, Leqembi, Jim Cramer's, Jim Organizations: Food and Drug Administration, Drug Administration, Alzheimer's Association, FDA, Club, GE Healthcare, FactSet, Pharmaceutical, CNBC Locations: Indianapolis
The case heads to court separately from another federal lawsuit filed in October by LGBTQ+ and civil rights advocates over the aggravated prostitution law. The Republican-carried legislation would only remove the requirement that those convicted of aggravated prostitution must register as a violent sex offender. Court documents in the other federal lawsuit say that more than 80 people are registered for aggravated prostitution in Tennessee. Because she had to register as a sex offender, the woman has experienced periods of homelessness while struggling to find safe housing compliant with sex-registry requirements. Tennessee law also bars her from changing her legal name to match her gender identity, the lawsuit states.
Persons: , Kristen Clarke, general's Organizations: U.S . Justice, Justice Department, Republican, Justice Department’s Civil Rights, for Disease Control, The Justice Department Locations: Tenn, Tennessee, United States, Illinois, New Jersey, Virginia, Shelby County, Memphis
WASHINGTON (AP) — The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system. The Treasury Department's Financial Crimes Enforcement Network — known as FinCEN — proposed a regulation on Tuesday that would require investment advisers to develop anti-money laundering programs and file reports with the government when suspicious activity is detected by clients, among other things. Treasury last week proposed a rule that would require real estate professionals to report information to the agency about non-financed sales of residential real estate to legal entities, trusts and shell companies. All-cash purchases of residential real estate are considered at high risk for money laundering. The risk assessment also identified cases of Chinese and Russian individuals using investment advisers to access sensitive information and emerging technology, Treasury said.
Persons: , Biden, , Andrea Gacki, Janet Yellen Organizations: WASHINGTON, Treasury, House Locations: U.S, United States
A McDonald's worker in Pittsburgh said in a lawsuit she was raped by her manager when she was 14. McDonald's franchisee Rice Enterprises is paying $4.35 million to settle the suit, first filed in 2021. AdvertisementA McDonald's franchisee has agreed to pay $4.35 million to settle a lawsuit from a worker in Pittsburgh who said she was raped by her manager, a registered sex offender, when she was 14. The minor's family had filed a lawsuit against both McDonald's and Rice Enterprises, the eight-unit franchise business operating the restaurant she worked at, in September 2021. Rice Enterprises sued the vendor, Backgroundchecks.com in May 2023, according to a copy of the lawsuit viewed by BI.
Persons: didn't, , McDonald's, McDonald’s, Walter Garner, Garner, Plaintiff, , We're Organizations: Rice Enterprises, Service, Staff, Police, ” Rice Enterprises, BI, Business, USA Locations: Pittsburgh
Six decades later, plans are ramping up for space tourism, missions to the moon and Mars, and mining on the moon. AdvertisementThe Lunar Resources Registry, a private business that locates valuable resources on the moon and helps investors conduct the required exploration and extraction operations, notes: "The space race is evolving into space industrialization." The case for a lunar Anthropocene is interesting. A lunar AnthropoceneAnd now the Anthropocene, this age of human impact, is also arriving on the moon. An increasing number of moon missions and extracting resources from the moon could destroy lunar environments.
Persons: Christophe Bonneuil, Jean, Baptiste Fressoz, Christine Daigle, Jennifer Ellen Good Organizations: Sputnik, U.S, Resources, NASA, Marshall Space, Brock University Locations: Soviet Union, Alamogordo, N.M
WASHINGTON (AP) — The Biden administration wants to make residential real estate transactions more transparent by unmasking the owners of certain all-cash purchases. It's part of an ongoing effort to combat money laundering and the movement of dirty money through the American financial system. The Treasury Department's Financial Crimes Enforcement Network proposed a regulation on Wednesday that would require real estate professionals to report information to the agency about non-financed sales of residential real estate to legal entities, trusts and shell companies. All-cash purchases of residential real estate are considered at high risk for money laundering. One study on the impact of money laundering on home values in Canada, conducted by a group of Canadian academics, found that money laundering investment in real estate pushed up housing prices in the range of 3.7% to 7.5%.
Persons: , Biden, , Andrea Gacki, Ian Gary, Janet Yellen Organizations: WASHINGTON, Treasury, Network, House, FACT Coalition, Small Business Association Locations: Canada, U.S
BOSTON (AP) — More than two dozen commercial drivers have had their licenses downgraded in the wake of a scandal involving State Police troopers allegedly taking bribes in exchange for passing test scores, the Massachusetts Registry of Motor Vehicles announced Friday. The RMV said it identified 26 people who didn’t pass the test properly and changed them to Class D passenger licenses. The drivers, who were not named, will have to take and pass all the required permit and skills tests if they want to get commercial licenses. Calvin Butner, 63, of Halifax, and Perry Mendes, 63, of Wareham, both retired state troopers, were arrested in Florida on Monday. Cederquist is alleged to have conspired with Mathison, who worked for a spring water company that employed drivers needing commercial licenses, to give them passing scores; and with Camera, who worked for a truck driving school in Brockton, to help four state troopers get their commercial licenses.
Persons: Gary Cederquist, Joel Rogers, Calvin Butner, Perry Mendes, Eric Mathison, Scott Camara, Cederquist, Mathison Organizations: BOSTON, State Police, of Motor Vehicles Locations: Massachusetts, Stoughton, Bridgewater, Halifax, Wareham, Florida, Boston, Rehoboth, Brockton
His accountant for 14 years, Richard Kahn, said in a confidential deposition that he had learned about the worst of Mr. Epstein’s activities only after his death. Richard Kahn, who was Mr. Epstein’s accountant for 14 years, said in a confidential deposition that he had learned about the worst of Mr. Epstein’s activities only after his death, the people said. Mr. Epstein killed himself while being held in a federal jail on sex trafficking charges after his July 2019 arrest. Why the Deposition Testimony MattersThe deposition was taken in connection with a class-action lawsuit that accused JPMorgan Chase of having facilitated Mr. Epstein’s sex trafficking during the years he was a customer. JPMorgan agreed last year to pay $290 million to nearly 200 victims in a settlement.
Persons: Jeffrey Epstein, Richard Kahn, Jeffrey Epstein’s, Epstein, JPMorgan Chase, Mr, Kahn, Kahn’s Organizations: Mr, . New York, Offender, Associated Press, JPMorgan Locations: .
The pending perjury trial of three retired Philadelphia police detectives could prove an exception, if they themselves are not cleared by alleged mistakes by District Attorney Larry Krasner’s office. Former detectives Martin Devlin, Manuel Santiago and Frank Jastrzembski have asked a judge to dismiss the case. That trial testimony was still fair game when Krasner, a civil rights lawyer focused on criminal justice reform, took office in 2018. He charged the Wright detectives in 2021, days before the five-year deadline expired. Last year, a mistake by prosecutors sank a police perjury case in Manhattan, when a judge halted the trial over their failure to turn over evidence to the defense.
Persons: Larry Krasner’s, Martin Devlin, Manuel Santiago, Frank Jastrzembski, Krasner, exoneree Anthony Wright, Wright, Krasner's, Sam Silver, Devlin, , acquitting, Santiago, “ We’re, we’re, , Alan J, Tauber, There's, Marissa Bluestine, , Bluestine, Maurice Possley, Lucretia Clemons, Brian McMonagle, ” Santiago Organizations: PHILADELPHIA, Philadelphia, nab, New, National, Pennsylvania Innocence, Quattrone Center, Fair Administration, Justice, University of Pennsylvania, Philadelphia Inquirer Locations: U.S, New Jersey, Jastrzembski, Philadelphia, Pennsylvania, Manhattan
The Google cofounder purchased Cayo Norte, a large private island in Puerto Rico, in 2018, according to documents reviewed by Business Insider. Cayo Norte sits about 20 nautical miles east of Puerto Rico and just northeast of Culebra, another island that forms an archipelago. Cayo Norte is known for its white sandy beaches, surrounding coral reefs, and preserving a refuge for endangered sea turtles. Google cofounder Larry Page bought Cayo Norte, an island in Puerto Rico. Page purchased the Lollik islands, which sit 23 miles east of Cayo Norte, in 2014 for $23 million, BI previously reported.
Persons: , Larry Page, Page, Lucinda Southworth, Cristina Rosado, Southworth, Dan Shelley, Hugh Langley, Shelley, Louis Padrón, Richard Gautier, Wayne Osborne, Great Hans Lollik, Hans Lollik, Osborne, Lucinda Southworth C, Mary Ann Lucking, Lucking, Sergey Brin, Kimberly White, Sundar Pichai, Brin, Kitty Hawk Organizations: Service, Google, Business, Virgin Island Properties, US Virgin, BI, LLC, Area, Cayo Norte, SVI Investments, Virgin Islands Locations: Cayo Norte, Puerto Rico, Caribbean, US, Puerto Rico's Fajardo, Cayo, Culebra, SVI, Padrón, Virgin, Great, Conservation, Kimberly White Cayo
Gregg Renfrew built a billion-dollar brand, only to end up on the outside looking in after investors brought in a replacement CEO. Renfrew, 55, founded clean beauty brand Beautycounter in 2011 with the mission of disrupting the cosmetics industry by only selling products made without "questionable or harmful chemicals." Along the way, Renfrew and Beautycounter raised more than $93 million from investors, according to Crunchbase. Renfrew: It was really, really difficult. I sold the business right before the world opened up with Covid and so much was changing and swirling around.
Persons: Gregg Renfrew, Beautycounter, Carlyle, Renfrew, Marc Rey, Martha Stewart, Rey, burnishing, Renfrew's, Carlyle Roberto Marques, it's, It's, you've Organizations: CNBC, Ulta, Carlyle Group Locations: Renfrew, New York, Denver, U.S, Washington
The study found military personnel stationed at U.S. Marine Corps Base Camp Lejeune were at higher risk for some types of leukemia and lymphoma and cancers of the lung, breast, throat, esophagus and thyroid. Camp Lejeune was built in a sandy pine forest along the North Carolina coast in the early 1940s. People who got sick after being at Camp Lejeune also have criticized the federal government for being slow to investigate. Frank Bove, a senior epidemiologist, has led the agency's Camp Lejeune research for many years and was in charge of the latest study. A federal law signed by President Joe Biden in August 2022 included language to address concerns of people who developed certain health problems they believe were linked to Camp Lejeune water contamination.
Persons: Camp Lejeune, Lejeune, David Savitz, , , Richard Clapp, Aaron Bernstein, Frank Bove, Clapp, Joe Biden Organizations: — Military, U.S . Marine Corps Base, Brown University, Military, Marine Corps, Agency, Toxic Substances, Centers for Disease Control, Camp Lejeune, Boston University, Lejeune, Pendleton, Battelle Memorial Institute, Camp, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Camp, Carolina, United States, U.S, Camp Lejeune, North Carolina, Atlanta
Drinking water at Camp Lejeune was heavily contaminated with a number of cancer-causing industrial chemicals, including trichloroethylene or TCE, vinyl chloride and benzene, from 1953 to 1985. “I’m well aware that there are many legal issues surrounding Camp Lejeune. Courtesy Michael PartainPartain and a veteran, Jerry Ensminger, 71, have spent years working to get the government to recognize and compensate sick veterans who served at Camp Lejeune. A link between male breast cancer and the chemical contamination at Camp Lejeune has been suspected for years. “This is yet more evidence that the water at Camp Lejeune affected our health,” Partain said.
Persons: Camp Lejeune, they’ve, , , Michael Partain, Aaron Bernstein, ATSDR, ” Bernstein, ” Partain, ” Michael Partain, Jerry Ensminger, Michael Partain Partain, Ensminger’s, Janey, Partain, , aren’t, Lejeune, Dr, Sanjay Gupta, Bernstein Organizations: CNN — Military, Lejeune, Marines, Navy, US Centers for Disease Control, Research, Camp Lejeune, Agency, Toxic Substances, CDC, Department of Justice, US Department of Veterans Affairs, Camp Pendleton, CNN, CNN Health, Camp Locations: North Carolina, California, Camp, Camp Lejeune, Camp Pendleton, United States
CNN —An ongoing cyberattack against Georgia’s Fulton County, which includes parts of Atlanta, has brought some of the government’s systems to a standstill, halting access to court filings, tax processing and other services. The office of the county’s District Attorney Fani Willis lost access to its phones, internet and the court system website, according to a source with direct knowledge of the matter. The communication, court and tax systems have all been brought down, said Fulton County Board of Commissioners Chairman Robb Pitts in a news briefing Monday. A source with first-hand knowledge in Fulton County told CNN the internet and Odyssey court access are down as well. “We at Fulton County take cybersecurity seriously and we place a high priority on the protection of sensitive information,” Pitts said.
Persons: Fani Willis, Willis, Donald Trump, Robb Pitts, Pitts, ” Pitts, , Organizations: CNN, Georgia’s, county’s Department of Information Technology, FBI, Fulton, IT, The Atlanta, Baltimore Sun, Baltimore Locations: Georgia’s Fulton County, Atlanta, county’s, Fulton County, Baltimore, New Mexico’s, Albuquerque, US
Orlando, Florida CNN —A Florida woman sued Lyft earlier this month, alleging that she was raped by her Lyft driver in 2019 and that the assault resulted in the birth of her third child. Separately, at least a handful of Lyft drivers accused of sexual assault have been convicted in criminal cases. Genetic testing later confirmed with “99.9999999998%” certainty that the Lyft driver is the child’s father, according to the complaint. The Lyft driver rolled down the passenger side window, and Plaintiff confirmed the Lyft driver was there for her,” the complaint states. Lyft’s continuous criminal record monitoring began in April 2019, the month of Means’ alleged rape.
Persons: Lyft, Tabatha Means, , Uber —, Uber, ” Lyft, ” Means, Means, she’d, ” Tabatha, John General, Deborah Brunswick, ” Rachel Abrams, Peiffer Wolf, ” Abrams, wouldn’t, … I’ve, , Abrams, Organizations: Florida CNN, CNN, Court, ADT, Social, US, Department, RAINN Locations: Orlando, Florida, California
Nicki Minaj recently released a new diss track, "Big Foot," aimed at Megan Thee Stallion. lied on yo DEAD @theestallion — Nicki Minaj (@NICKIMINAJ) January 28, 2024Minaj has continued to post incessantly about Megan on X (formerly Twitter). "Big foot but you still a small fry / Swearing on your dead mother when you lie," she raps. "There are myriad of ways that Nicki Minaj has come for other women, just point-blank period," the TikToker said. Nicki Minaj allowed her own bitter jealousy to take her crown."
Persons: Nicki Minaj, Megan Thee Stallion, , Megan Thee, Megan, Megan didn't, Minaj, Kenneth Petty, Petty, Tory Lanez, Ben Shapiro, Shapiro, Cardi, it's, Pardison, Fontaine, who's, Pardi, Minaj's, she's, @lawyerbae, Gerrick Kennedy, Piggy ”, — Gerrick Kennedy, @GerrickKennedy, Piggy, Kennedy, nicki, meg rn pic.twitter.com, megan, QmThqEbkOC Organizations: Service, Megan's, Houston Locations: New York
AdvertisementElon Musk's SpaceX has seemingly bought a Boeing 737 that used to belong to Air China, records show. Related storiesThe Federal Aviation Administration's registry shows the jet's owner is Falcon Aviation Holdings LLC. Unexpected visitor at LAX: A Boeing 737-800 with a distinctive livery, registered under Falcon Aviation Holdings LLC. #aviation #avgeek #airplanes #planespotting pic.twitter.com/mf6I29kt26 — AIRLINE VIDEOS (@airlinevideos) January 25, 2024Falcon Aviation Holdings took ownership of the 737-800 back in July, according to data from Planespotters.net. Most of them are owned by Falcon Landing LLC.
Persons: , Elon, it's, Jack Sweeney Organizations: LAX, Boeing, SpaceX, Gulfstream, Service, Los Angeles International Airport, Federal Aviation, Falcon Aviation Holdings, Air, FALCON AVIATION, Falcon Landing, Business Locations: Air China, Hawthorne , California, Hawthorne
Page Walley on Tuesday stopped short of fully removing the law and instead introduced legislation that would remove those convicted of aggravated prostitution of having to register as a violent sex offender. “But removes the sex offender registration.”Prostitution has long been criminalized as a misdemeanor in Tennessee. Nearly 20 years later, the state legislature revised the law once more by requiring lifetime sex offender registration for those convicted under the controversial statute. Instead, the GOP-controlled Senate Judiciary Committee on Tuesday agreed to advance a proposal that would drop the lifetime sex offender registration requirement. The plaintiffs challenging the law in federal court, all named Jane Doe, have described years of harassment and hardships in finding housing and employment that complies with Tennessee's violent sex offender registry.
Persons: , Republican Sen, Page, ” Walley, Walley, Jane Doe, Bill Lee's, It's Organizations: The U.S . Department of Justice, Republican, for Disease Control, GOP, Gov Locations: Tenn, Tennessee, The, Illinois, New Jersey, Virginia, Shelby County, Memphis
Alzheimer’s disease, a brain disorder that affects memory and thinking skills, is the most common type of dementia, according to the National Institutes of Health. “A blood test being negative speeds up the investigation for other causes of the symptoms and this is just as important,” Ashton said. Isaacson, who has researched blood biomarkers in people with no or minimal cognitive complaints, likened testing blood samples for signs of Alzheimer’s disease to how people undergo routine blood tests for high cholesterol. It is possible that currently available treatments for Alzheimer’s disease would work better in those diagnosed early in this way,” he said. The combination of a simple screening test with an effective treatment for Alzheimer’s disease would have a dramatic impact for individuals and for society.”
Persons: ” Nicholas Ashton, Ashton, , Kaj Blennow, Henrik Zetterberg, antiamyloid, immunoassay, ” Ashton, Richard Isaacson, ” Isaacson, Isaacson, , , Dr, Sanjay Gupta, David Curtis, ” Curtis Organizations: CNN, University of Gothenburg, National Institutes of Health, Quest Diagnostics, Alzheimer’s, Alzheimer’s Association, Get CNN, CNN Health, University College London, Science Media Locations: Sweden, United States, Wisconsin, Pau, Florida
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