Impressive : Global watchdog rates NZ police efforts at seizing criminal wealth, advises software upgrade to identify money launderers
30 Apr, 2021 07:00 AM
7 minutes to read
Nearly $1m seized from a senior Head Hunter gang member involved in drug manufacture. The cash was hidden inside his bed. Photo / Supplied
Nearly $1m seized from a senior Head Hunter gang member involved in drug manufacture. The cash was hidden inside his bed. Photo / Supplied
An international evaluation of New Zealand s ability to prevent and investigate money laundering says company and trust structures are a major vulnerability, but ranks the police efforts to seize suspected criminal wealth as among the best in the world.
The Globe and Mail Brooke Thackray Published April 30, 2021
unknown/iStockPhoto / Getty Images
Many investors believe that “sell in May” means they need to sell all their stocks and go all to cash when the calendar turns to May. Rather, what they truly need to do is rotate their portfolios to more defensive holdings, which may include holding some cash.
The “sell in May” adage is based on the long-term average trend of the stock market underperforming for the six-month period beginning in early May compared with the other six months of the year.
Looking at the adjusted six-month period from May 6 to Oct. 27, the S&P 500 index has produced an average loss of 0.1 per cent and has been positive 63 per cent of the time from 1950 to 2020. That’s significantly weaker than the 7.7 per cent gain and 72 per cent frequency of being positive in the favourable six-month period for stocks, which runs from Oct. 28 to May 5, during those same years.
Police have seized more than $1 billion in assets from alleged criminals
29 Apr, 2021 07:00 AM
4 minutes to read
A Lamborghini Huracan, valued at $450,000 was seized following an investigation into alleged money laundering. The supercar is among $1 billion worth of assets restrained since 2009. Photo / Supplied
A Lamborghini Huracan, valued at $450,000 was seized following an investigation into alleged money laundering. The supercar is among $1 billion worth of assets restrained since 2009. Photo / Supplied More than $1 billion in alleged criminal wealth has been frozen in New Zealand since a powerful law targeting organised crime came into effect just over a decade ago, the Herald can reveal.
COVID-19 woman breathes her last on road after hospital refused to accept online payment
By Mohammed Hussain Ahmed| Published: 29th April 2021 1:35 pm IST
This shameful incident took place in Rajam of Srikakulam District.
According to the report Anjali, the COVID-19 patient, was brought to the District’s G M Arora Laxmi Care Hospital by her relatives. The hospital management refused to admit the patient till the payment is made in cash.
The hospital management declined to accept online payment through Phone Pe or Google Pay and declared their decision that the patient would only be admitted in the hospital if the payment is made in cash.
Former B C Liberal deputy premier Rich Coleman to testify at money-laundering inquiry theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.