Studded with prominent names from United States President Donald Trump on one side of the atlantic to germanys deutsche of bunk on the other it seems to have complied with rules to report suspicious transactions but took few steps to rein them in our topic Money Laundering all guards terrorists how corrupt are the banks. Welcome to to the point its a pleasure to introduce our guests Daniel Drucker is editor in chief of buzz feed news germany and he says the suspicious activity records give banks a free pass to keep moving dirty money then collect the fees. And its a pleasure to welcome our few carnatic to the program hes chief europe correspondent for politico and he believes this councils are just the latest indication that germanys Banking Sector is neither financially nor culturally sound. And great to have with us as well then to lena fun period oh she works for the british economist and she thinks justice do much of it was finally starting to recover the revelations related to its
Studded with prominent names from United States President Donald Trump on one side of the atlantic to germanys deutsche of buck on the other it seems to have complied with rules to report suspicious transactions but took few steps to rein them in our topic Money Laundering all of arks terrorists how corrupt are the banks. Going to. Come up. Welcome to to the point its a pleasure to introduce our guests daniel director is editor in chief of buzz feed news germany and he says the suspicious activity records give banks a free pass to keep moving dirty money can collect the fees. And. A pleasure to welcome Matthew Carney chik to the program hes chief europe correspondent for politico and he believes these scandals are just the latest indication that germanys Banking Sector is neither financially nor culturally sound. And great to have with us as well then to lead a fun creative she works for the british economist and she thinks just as doing was finally starting to recover the revelations
A real you know baked in incentive to go after what you know happening in the 3rd world so lets talk about europes incentive because in fact the European Commission has had quite a bit to say on Money Laundering in the last few years claims to want to do a great deal more to crack down and yet the worlds tax havens including to some leading European Centers like the netherlands switzerland ireland lexan borg play a huge role in the machinery of the Money Laundering system so clearly this is an area where we need a true european approach also a global approach but how likely are we to get that at a time where in essence were seeing d. Globalization and a retreat from multilateralism well in europe its also worth remembering that John Klobuchar who was president of the European Commission was also the finance minister and Prime Minister of luxembourg for 20 years and oversaw many of these. Activities up until 2014 when he became the president of the European Commission and that didnt hal
The dow is down 538, s p, nasdaq red as well. Now, right now, i want to show you live pictures of the white house. We have just been told that we are going to be waiting for the president to sign the 2 trillion coronavirus stimulus package, the house just passed that about an hour ago. Liz is going to have some info on some of the beatendown businesses left out of the massive rescue plan. We are watching the white house. We are going to bring you that event when it starts live right here on fox business. And the work and learn from home culture gets off the ground. There is one company thats working to get your business set up for this new reality. We have got a fox business exclusive with the ceo of avaya and the Remote Work Solutions its been using from wuhan to italy to here at home. Plus avoiding the Doctors Office is a big priority as the u. S. Becomes the epicenter of the covid19 pandemic. A Company Delivers Telehealth Services to doctors and patients, they do all of this remotel
Now for the latest financial news, with Sally Bundock and World Business report. Microsoft, amazon and expedia team up with Washington State in a bid to defeat president trumps travel ban, saying it is unconstitutional and damages the economy. More fines for Deutsche Bank, this time for its connections with a russian Money Laundering plan. Welcome to World Business report. Im Sally Bundock. Also in the Programme Shares in sony fall during trade in tokyo. Rico will have the details. But First Technology giants are ramping up their battle against president trumps travel ban. Washington states Attorney General is filing a lawsuit arguing the ban, which covers seven countries, is unconstitutional. Amazon and expedia have both made Court Submissions on how the Executive Order is impacting their businesses. Microsoft is also backing the lawsuit which aims to overturn the travel ban, and will even testify if needed. And it is notjust tech firms. Fords chief executive, mark fields, has said we