On Thursday, attorney general Eric Holder announced his formal resignation after a having been the head of the Department of Justice for six years. He has agreed, however, to continue in his position until his successor is found. During a press conference at the White House, Attorney General Eric Holder said that while his time at the Department of Justice had been the greatest honor of his … [Read more...]
Prosecutor Wants Efficient Legislation to Target Overseas Credit Card Hackers
The authorities once again discovered that rules made before the internet may not be efficient once trading relations move online. Cybercriminals can be located all over the world and digitally steal money almost effortless and without being at risk of being caught. As the problem grows bigger, the U.S. officials are planning to devise a more efficient method to tackle the problem. One reason … [Read more...]
French Bank PNB Paribas Pleads Guilty and Agrees to Pay Sanction
France's largest bank, PNB Paribas has a bad reputation and a history of doing business with countries that are on the U.S. blacklist. The biggest problem related to French bank PNB Paribas was that it played the role of being Sudan's central bank. It processed financial transactions, money laundry schemes and other illegal trading operations with country that were in violation of the United … [Read more...]
