US Treasury Secretary Bessent says we're very focused on China money laundering organizations
Newsquawk Staff ·
US Treasury Secretary Bessent says we're very focused on China money laundering organizations.
What it means
The statement from Treasury Secretary Bessent highlights the U.S. government's heightened scrutiny of Chinese money laundering organizations, which could signify a more aggressive stance on financial crime and international cooperation. This focus may affect market sentiment toward assets linked to China and could trigger regulatory scrutiny across global markets, particularly in sectors dealing with compliance and financial services.
- Brussels is demanding that the UK be bound by European restrictions on Chinese EVs and that ministers imposetariffs of up to 35% on Chinese-made EVs as the price of allowing British car firms equal access to EU markets, reports The Times
- US Senate Commerce Committee to hold November 10th confirmation hearing for FCC Commissioner nominee Thumann
- The US DoJ is ramping up a criminal investigation into the Alaska US Senate race, issuing more than 100 subpoenas and at least 20 target letters to Democrats, reports ABC citing sources
- Swedish parliament rejects Centre Party leader’s candidacy for PM
- UK's Unite Union says the Apache offshore workers are escalating their strike action on various offshore platforms with a 24-hour period of strikes
Related headlines
- US, Chinese and Russian officials are reportedly in talks regarding a possible trilateral summit between President Trump, Chinese President Xi and Russian President Putin later in November, at the Apec summit in Shenzhen, FT reports citing sources5 days ago
- German Chancellor Merz says they need to ensure that the electricity tax is reduced in the 2027 budget, and has some ideas on how to do this5 days ago
- Newsquawk Daily Asia-Pac Opening News - 3rd November 20266 days ago
- USDA confirms highly pathogenic avian influenza in a dairy herd in Indiana6 days ago
- A top right-wing politician told Politico that teaming up to topple Polish PM Tusk is now the “fundamental common goal”6 days ago
- Wizz Air (WIZZ LN) flight from London to Sofia makes an emergency landing in Budapest following a reported bomb threat, escorted by Hungarian fighter jets, Daily News Hungary reports; The incident remains under investigation6 days ago
- US President Trump says he does not think the elections will be secure, talking on Pod Force One. On Iran says, "we will see about a deal", Iran wants to come to one.6 days ago
- Belgian PM De Wever is said to offer resignation to the king, according to local press6 days ago
- Newsquawk Daily Asia-Pac Opening News - 2nd November 20267 days ago
- US President Trump says sanctions on Russia’s wealth fund are not being liftedOct 30
- US President Trump posts "lINFLATION IS WAY DOWN UNDER “TRUMP.” INCOME FOR PEOPLE & COMPANIES IS WAY UP! The Golden Age of America Is Upon Us."Oct 30
- US President Trump canceled weekend rallies in Iowa and Kansas, opting instead to support Republican candidates with telerallies that his party said could reach more voters in nearly two dozen states in the final days before the midterm electionsOct 30
- UK PM Burnham declines to rule out another Brexit referendum at PMQsOct 28
- Announcement UK Chancellor Healey will freeze NHS prescription charges at GBP 9.90 for another year may have been removed from the budget in a late night scramble, reports The TelegraphOct 28
- UK PM Burnham rules out an early election; says, "I don’t think people want another backward looking squabble. They want me to get on with the job", The Times reportsOct 26