Tata Consultancy Services, an India-based IT company, was penalised $940 million in a case suit filed by Epic Systems, a healthcare software firm. Besides, a disciplinary fine of $700 million, the jury also ordered TCS to pay a $240 million to Epic.
U.S. Treasury Secretary announced support on restraining tax evasion during his speech in the International Monetary and Financial Committee (IMFC) press conference at the IMF headquarter on Saturday.
The Philippines central bank has decided to penalize any bank involved in money laundering, stolen from Bangladesh Bank reserve with Federal Reserve Bank of New York. The heist scam has pointed the existing flaws in the country’s AML and the central bank won’t waste the opportunity to reform the laws, cites Nestor Espenilla Jr., deputy governor for BSP.
San Francisco now required ride-hailing drivers to register as a business and pay an annual fee of $91 for the license. If all 37,000 drivers in the area comply, that would result in a total of $3.4 million in revenue.
