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NEW YORK (AP) — New York state says Deutsche Bank has agreed to pay 0 million to settle claims that it broke compliance rules in its dealings with the late sex offender Jeffrey Epstein. The penalty was announced in an agreement Tuesday by Superintendent of Financial Services Linda A. Lacewell. “Banks are the first line of defense with respect to preventing the facilitation of crime through the financial system, and it is fundamental that banks tailor the monitoring of their customers’ activity based upon the types of risk that are posed by a particular customer,” Superintendent Lacewell said in the press release. “In each of the cases that are being resolved today, Deutsche Bank failed to adequately monitor the activity of customers that the Bank itself deemed to be high risk. In the case of Jeffrey Epstein in particular, despite knowing Mr. Epstein’s terrible criminal history, the Bank inexcusably failed to detect or prevent millions of dollars of suspicious transactions.”The release said the agreement marked the first enforcement action by a regulator against a financial institution for dealings with the financier. Epstein killed himself last August in a Manhattan federal jail while awaiting trial on sex trafficking charges. In a statement, the German bank said the settlement reflected its cooperation. Deutsche Bank CEO Christian Sewing addressed the bank's staff in a press release stating that taking Epstein on as a client in 2013 "was a critical mistake and should never have happened.""I would like to thank our colleagues involved for their determined handling of these cases and the internal investigations, which the DFS acknowledged as 'exemplary,'" Sewing said in a press release. "At the same time, we all have to help ensure that this kind of thing does not happen again. It is our duty and our social responsibility to ensure that our banking services are used only for legitimate purposes. That's exactly why we should always examine things critically, ask questions, and speak up. I also recommend that you read the DFS consent order and the client Q&A so that we are aware of our mistakes and learn the appropriate lessons from the past."It said it has significantly boosted its anti-financial crime capabilities.The state also found that other payments went to Russian models and for women’s school tuition, hotel, and rent expenses, as well as suspicious cash withdrawals — in total, more than 0,000 over approximately four years. 2490
North Korea has tested a "newly developed ultramodern" weapon in an event supervised by leader Kim Jong Un, state media said Friday, amid faltering nuclear disarmament negotiations with the United States.Very little is known about the weapon or whether it is even new, but the test is the latest sign that Pyongyang is prepared to return to a more militaristic relationship with Washington if talks continue to go poorly."He's tiptoeing towards a more aggressive posture in negotiations with the US and he's signaling that he's not going to give way and can simply return to his old practices if (the US) don't change their approach," Josh Pollack, senior research associate at the Middlebury Institute of International Studies at Monterrey, told CNN.North Korea's state news agency KCNA announced the test on Friday morning, providing no details on the location of the event and little information about the weapon itself other than it was "tactical" and had been commissioned "personally" by Kim's father and predecessor, Kim Jong Il.A South Korean government source with military knowledge told CNN the weapon was likely a piece of long-range artillery "likely to be a multiple rocket launcher.""As it is a tactical weapon test, we do not view it as a North Korean military provocation," the source said. 1320

NEW YORK (AP) — Chuck E Cheese, the restaurant chain that became a Mecca for children and a crucible for many of their parents, is filing for bankruptcy protection. Parent company CEC Entertainment has reopened 266 of its 612 company-operated Chuck E Cheese and Peter Piper Pizza restaurants. It did not elaborate on how willing parents are to again host birthday parties and other gatherings with so many cities still under tight restrictions on crowds. CEO David McKillips said Thursday in press release that it has been "the most challenging event in our company's history."“The Chapter 11 process will allow us to strengthen our financial structure as we recover from what has undoubtedly been the most challenging event in our Company’s history and get back to the business of delivering memories, entertainment, and pizzas for another 40 years and beyond,” said McKiilips in the release. “I am incredibly proud of what the CEC team has achieved over the past year as we launched the All You Can Play value gaming platform, expanded our remodel program, and found new ways to engage with families while our venues were closed. I’m confident in the strength of our team and our world-class brands and look forward to more fully implementing our strategic plan as we put these financial challenges behind us.”The cases will be heard in the United States Bankruptcy Court for the Southern District of Texas, officials said. 1433
NEW YORK, N.Y. — A man was fatally shot by police after shots rang out at the end of a Christmas choral concert on the steps of a Manhattan cathedral on Sunday, officials said. The shooting happened just before 4 p.m. at the Cathedral Church of Saint John the Divine, mother church of the Episcopal Diocese of New York and seat of its bishop. 350
NEW YORK (AP) — U.S. health officials are dropping a controversial piece of coronavirus guidance and telling all those who have been in close contact with infected people to get tested.The Centers for Disease Control and Prevention (CDC) essentially returned to its previous guidance about such tests."Due to the significance of asymptomatic and pre-symptomatic transmission, this guidance further reinforces the need to test asymptomatic persons, including close contacts of a person with documented SARS-CoV-2 infection," the CDC wrote in a "clarification" posted Friday. With the change, the CDC got rid of language posted last month that said people who didn’t feel sick didn’t need to get tested.That August change set off a rash of criticism from health experts who couldn’t fathom why the nation’s top public health agency would say such a thing amid a pandemic that has been difficult to control.The New York Times reports that last month's change was not actually written by CDC scientists and was posted to the agency’s website despite their serious objections. It reportedly came from the Department of Health and Human Services.The CDC website now says testing is recommended for all close contacts of persons with SARS-CoV-2 infection. "Because of the potential for asymptomatic and pre-symptomatic transmission, it is important that contacts of individuals with SARS-CoV-2 infection be quickly identified and tested," the agency writes. 1458
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