May 22, 2015
by Laura DeGeer
Five of the world's largest banks agreed Wednesday to plead guilty to rigging currency markets and to pay over USD $5 billion in penalties to the US Department of Justice (DOJ), along with several domestic and international agencies. Traders from Citicorp, Barclays, the Royal Bank of Scotland, ...[read more]
October 27, 2014
by Peter Snyder
China is contemplating eliminating the death penalty as punishment for nine crimes, according to a report released Monday by Chinese state media outlet Xinhua. The proposed legislation was submitted to the Standing Committee of the National People's Congress (NPC) for a first reading Monday. ...[read more]
July 17, 2014
by Nicholas Tomsho
The European Parliament approved a resolution to allow Lithuania to adopt the euro as their official currency in a plenary session Wednesday. The resolution, which will make Lithuania the nineteenth nation to join the Eurozone on January 1, 2015, was passed by a vote of 545-116. "This is good news ...[read more]
April 9, 2014
by Benjamin Minegar
US Attorney General Eric Holder on Tuesday expressed concern before the US House of Representatives Judiciary Committee with respect to the proliferation of virtual currencies, which, he asserts, have created new avenues for money laundering, drug trafficking and other illegal activity. Holder ...[read more]
December 4, 2013
by Sung Un Kim
The European Commission (EC) on Wednesday fined eight international financial institutions €1.7 billion for having engaged in illegal cartels. They were all involved in cartels relating to interest rate derivatives. Some participated in a cartel that was denominated in euro currency while ...[read more]
April 2, 2013
by Zachariah Rivenbark
On April 2, 1792, the US Congress passed the Coinage Act of 1792. Section 1 of the act called for the construction of a national mint near the federal capital, which resulted in the creation of the Philadelphia Mint. Section 9 established gold, silver and copper coinage to serve as the national ...[read more]
January 12, 2013
by Cynthia Miley
The Office of the Comptroller of the Currency (OCC) and the Federal Reserve are expected next week to issue a cease-and-desist order to JPMorgan Chase & Co. to improve its systems and procedures for monitoring transactions and risk. While It is not yet expected that the bank will be fined, ...[read more]
December 12, 2011
by Cynthia Miley
On December 12, 2006, the US Department of Justice (DOJ) filed an appeal against a November 2006 ruling that "the Treasury Department's failure to design and issue paper currency that is readily distinguishable to blind and visually impaired individuals violates section 504 of the Rehabilitation ...[read more]
October 24, 2011
by Cynthia Miley
On October 24, 2010, the California First District Court of Appeal ruled that prominent atheist Michael Newdow was allowed to proceed with a libel lawsuit against Reverend Austin Miles. Newdow, best-known for bringing numerous lawsuits to remove references to God from US currency, the Pledge of ...[read more]
September 22, 2011
by Nathan Marinkovich
JURIST Guest Columnist Larry Eaker of the American University of Paris says that the recent debt crisis in the EU has made it necessary to examine whether it is legally possible for a eurozone nation to leave the EU and abandon the joint currency..."Money speaks sense in a language all nations ...[read more]

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