19/09/2001
Chancellor promises an end to terrorist financing
Chancellor Gordon Brown has announced new plans to guard against the financing of terrorism, both on a national and international level.
As part of a package of decision measures, police on the UK mainland are to be given greater power to investigate suspicious bank accounts even in the absence of a direct link to an individual or group involved with terrorism. The move will see mainland police on a par with security forces in Northern Ireland on the issue, as the latter can already track such financial activities.
Pressure is also to be stepped up in the European Union for further action on laws governing the crime of money laundering, which are currently under consideration by the European Parliament.
UK financial institutions have liaised with American counterparts in the wake of last Tuesday’s terrorist attacks on the US, by issuing them with an updated list of terrorist suspects. Barclays Bank have already agreed to freeze an account used by an individual linked to Osama Bin Laden who is awaiting extradition from the UK to the US.
On an international level, financial institutions have responded actively to the attacks, as central banks worldwide have implemented a cut in interest rates to try to improve confidence and avert global economic collapse. (CL)
As part of a package of decision measures, police on the UK mainland are to be given greater power to investigate suspicious bank accounts even in the absence of a direct link to an individual or group involved with terrorism. The move will see mainland police on a par with security forces in Northern Ireland on the issue, as the latter can already track such financial activities.
Pressure is also to be stepped up in the European Union for further action on laws governing the crime of money laundering, which are currently under consideration by the European Parliament.
UK financial institutions have liaised with American counterparts in the wake of last Tuesday’s terrorist attacks on the US, by issuing them with an updated list of terrorist suspects. Barclays Bank have already agreed to freeze an account used by an individual linked to Osama Bin Laden who is awaiting extradition from the UK to the US.
On an international level, financial institutions have responded actively to the attacks, as central banks worldwide have implemented a cut in interest rates to try to improve confidence and avert global economic collapse. (CL)
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27 August 2010
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
08 November 2002
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
20 October 2008
UK 'Already In Recession', Forecasters Say
Britain's economy is already in recession, and is due to shrink by 1% in the next year, according to expert analysts. The Ernst & Young ITEM Club said the UK economy has "deteriorated dramatically" in the past three months and will fall by 1% in the next 12 months, before it will recover in 2010 by only 1%.
UK 'Already In Recession', Forecasters Say
Britain's economy is already in recession, and is due to shrink by 1% in the next year, according to expert analysts. The Ernst & Young ITEM Club said the UK economy has "deteriorated dramatically" in the past three months and will fall by 1% in the next 12 months, before it will recover in 2010 by only 1%.
22 September 2009
Businesses Key To Tackling Money Laundering
Organised crime is being tackled with a major conference taking place on combating money laundering activities.
Businesses Key To Tackling Money Laundering
Organised crime is being tackled with a major conference taking place on combating money laundering activities.
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.