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Ex-Guatemalan leader Portillo indicted for money laundering

NEW YORK – Former president of Guatemala Alfonso Portillo has been indicted by a federal grand jury in New York on money laundering charges. Portillo, who led Guatemala from 2000 to 2004, has been charged with embezzling almost $4 million earmarked for the country’s ministry of defence in 2001, $1.5 million donated by the Taiwanese government to buy books for Guatemalan schools, and funds from the

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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