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Endowments boom as [US] colleges bury earnings overseas
By STEPHANIE SAUL From New York Times American universities are using offshore strategies to swell their coffers, skirt taxes and obscure investments that could spark campus protests. In 2006, the endowments of Indiana University and Texas Christian University invested millions…
US Treasury rules FBME ‘still a money laundering concern’
BY THE GUARDIAN REPORTER From IPP media The US Treasury`s Financial Crimes Enforcement Network (FinCEN) has issued a final ruling confirming the Tanzanian-headquartered Federal Bank of the Middle East (FBME) as an institution of “primary money laundering concern.” The Bank…
