Portugal’s ‘Banco Português de Investimento’ (BPI) has been fine by a US agency over the bank's deliberate lack of attention to anti money laundering controls.
The financial regulator, Financial Crimes Enforcement Network said the Portuguese bank violated internal control mechanisms for money laundering and that BPI "had enough warnings; there is no excuse.”
A congress of Catholic homosexual associations from 16 countries is to take place in Portimão in October.
Representatives from the 28 associations will attend the first World Congress of Gay Catholic Associations from 6 to 8 October and Pope Francis then will be sent an official letter asking for more inclusion for gay Catholics.
Rioforte, the bankrupt offshoot of the Espírito Santo Group, identified capital needs of approximately €2 billion just weeks before seeking protection from creditors.
This amount was the capital increase that the sole shareholder Espírito Santo International authorised in early July when attempting to sell shares to new investors.
The Authority for Food and Economic Safety (ASAE) has investigated the number of illegal taxis operating in the Algarve, with little success.
ASAE conducted an inspection in July across the Algarve to estimate the number of illegal taxis taking tourists to and from Faro airport but found only four that did not have the correct documentation.
Lagoa council’s 35th annual country fair, Fatacil, saw the number of those that paid for entry “up by 50%” according to the organiser which by its own admission was guessing at many of the numbers.
The end-of-August fair attracted “close to 150,000 visitors” and the number of those actually paying to get in was “up by more than 50% compared to last year."
The Conservatives have pledged to enfranchise all British expats, but only if they win the next general election in May.
The manifesto commitment means that the notorious 15-year rule would be scrapped which prevents many British expats from voting in British general elections, allowing them instead to vote for life.
Britain intends to make it more difficult for students from Europe to claims grants and loans in order to study at universities in the UK.
Data on the money granted shows that funding has doubled in the last three years for students from a variety of European nations.
The shamed accountancy firm, Arthur Andersen, is poised to make a return 12 years after a major scandal forced its closure.
Former partners in Arthur Andersen have bought the rights to the name and intend to rename their consultancy “Andersen Tax”.
