Washington, July 22 (IANS) The US Treasury’s financial intelligence unit has helped block nearly $2 billion in stolen proceeds linked to cyber-enabled fraud affecting more than 5,700 American individuals and businesses, its director told lawmakers.Andrea Gacki, director of the Financial Crimes Enforcement Network, or FinCEN, said the agency’s Rapid Response Programme works with US law enforcement and foreign partners to recover money sent overseas and return it to victims.“Since its incept…
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Washington, March 21 (IANS) Alarmed by China’s expanding financial footprint in South Asia, US lawmakers have pointed to mounting debt in countries like Pakistan and Sri Lanka as they pushed to strengthen American tools to compete with Beijing’s global lending.During a congressional hearing this week on the Export-Import Bank of the United States (EXIM), influential American lawmakers from both parties warned that China’s state-backed financing is reshaping economic and strategic alignment…