Day: September 7, 2020

Wirecard: Philippines’ anti-money laundering chief explains the investigation

Can you bring me up to date with what you’ve established so far about how the Wirecard situation links to the Philippines?

First, the statement from the governor [Bangko Sentral ng Pilipinas governor Benjamin Diokno, also the AMLC chairman] that none of the missing $2.1 billion ever entered the Philippine financial system, this statement holds true until now.

The two banks mentioned in newspaper reports [BDO Unibank and Bank of the Philippine Islands] have both denied having relationships with Wirecard; they stated that they have informed Wirecard’s external auditor, Ernst & Young, that the documents attesting to the presence of the supposed funds are spurious; and lastly they declared that they have dismissed the junior officers involved in the issuance of these spurious documents.

Coming from Wirecard itself, it admitted that the missing $2.1 billion may not have existed at all.

So based on all those established facts, it appears from the initial elaborate case of searching for the very huge amount of money, it came down to a case involving rogue bank employees engaging in criminal activity in exchange for financial gain.

Nevertheless, the AMLC is still prepared to take action and give assistance to any law enforcement agency, both domestic and foreign, and the AMLC will not hesitate to prosecute those involved to the fullest extent

Read More

Union membership statistics released in January 2018


Note: This article was first released in January 2018, from data provided by the Bureau of Labor Statistics (BLS). The current data was released in January 2020. Scroll to the bottom of this page for the 2020 data.


In the U.S., the first Monday of September is Labor Day (this year, September 7, 2018). It is recognized as a federal holiday and most government offices and private businesses are closed. Beginning in the late 19th century, as the trade union and labor movements grew in the U.S., trade unions proposed that a day be set aside to recognize and celebrate labor. By the time it became an official federal holiday in 1894, thirty states had already set aside a Labor Day. Below are some statistics about membership in U.S. labor unions that were released in January 2018, by the Bureau of Labor Statistics (BLS).


Union membership (1983 vs. 2017)

Since 1983, the year the BLS began maintaining union membership statistics, the number of workers in unions has dropped from 20.1 percent of all workers to 10.7 percent and from 17.6 million employees to 14.8 million. Mirroring the overall growth in U.S. employment in 2017, membership in unions edged up by 262,000 in 2017.


Glossary | “Public sector” employees are those who work for federal, state and local governments and

Read More

61 Books Elon Musk Thinks You Should Read

The billionaire entrepreneur is also a prolific reader.


3 min read


Although his days are presumably filled with Tesla, SpaceX, cyber pigs and lots and lots of tweeting, it seems Elon Musk also finds the time to make reading part of his routine. The businessman is known for sharing (and oversharing) all his recommendations and thoughts on , so it’s no surprise that books are part of that. 

Most Recommended Books compiled a list of all the books Musk has commented on in the past several years, and you can see all 61 here. But if you’re short on time today, click through to see 11 of the most interesting picks from his list. 

Source link Read More