A former chief financial officer of the international media organization Epoch Times is facing a possible sentence of up to ten years in federal prison along with a financial forfeiture totaling approximately 67 million dollars after pleading guilty to federal criminal charges. The executive acknowledged directing an extensive financial operation that concealed the origins of tens of millions of dollars in illegally obtained proceeds. According to prosecutors, the sophisticat

United States authorities have unveiled a far-reaching sanctions action involving the blocking of hundreds of millions of dollars in assets connected to an extensive network of Iranian currency exchange businesses and offshore front companies. The enforcement effort targets individuals and organizations accused of orchestrating sophisticated financial structures that enabled the Iranian government and its military-linked entities to circumvent international anti-money launder

European governments are confronting an unprecedented fiscal challenge as mounting expenditure associated with ageing populations, the transition to cleaner energy and increased defence commitments threatens to place significant pressure on public finances, according to a newly released paper by the International Monetary Fund (IMF). The IMF's European Department warned that average public spending across the region is projected to rise by nearly 5 per cent of gross domestic

Britain's incoming prime minister is being urged to reduce the energy levies paid by businesses as part of a broader effort to accelerate economic growth, according to a joint call issued on Tuesday by the Confederation of British Industry (CBI) and Energy UK. With former Manchester mayor Andy Burnham expected to take office at Downing Street, the two organisations warned that persistently high energy costs are weighing heavily on businesses and undermining investment across