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The Morning Risk Report: Lawmakers Seek Tougher U.S. Sanctions Over Khashoggi Killing |
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U.S. Sen. Jeanne Shaheen (D., N.H.) spoke at a press conference last year. On Thursday, she said U.S. sanctions related to the killing of Saudi journalist Jamal Khashoggi weren’t comprehensive. PHOTO: ALEX EDELMAN/ZUMA PRESS
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Good day. U.S. lawmakers said the investigations into the killing of Saudi journalist Jamal Khashoggi should continue, Risk & Compliance Journal’s Samuel Rubenfeld reports. Responding to the sanctions imposed by the U.S. Treasury Department on 17 people allegedly involved, the lawmakers said more people should be targeted if they too are found to have had a role.
The sanctions freeze any U.S. assets of the 17 targeted, block their entry to the U.S. and bar Americans from doing business with them. Those targeted include Saudi Crown Prince Mohammed bin Salman’s trusted adviser, Saud al-Qahtani, as well as senior aide Maher Mutreb, and Riyadh’s counsel general in Istanbul, Mohammed al-Otaibi.
[Continued below...]
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Join the #cloud conversation this week with
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Join the #cloud conversation this week with
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Lawmakers and human rights activists reacting to the sanctions said the measures were a welcome first step, but only that. Legislators from both parties have urged the Trump administration to take tougher steps against the kingdom, a key U.S. ally.
“Everyone who had a hand in [Mr.] Khashoggi’s brutal murder should be subject to strict sanctions, and, as I review this list, it’s clear that it is not comprehensive,” said Sen. Jeanne Shaheen (D., N.H.).
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| From Risk & Compliance Journal |
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U.S. Expands Real Estate Anti-Money-Laundering Program |
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The U.S. Treasury Department expanded an anti-money-laundering data program that requires title insurance companies to reveal the owners of shell companies buying luxury real estate. The expansion adds five more cities and lowers the value threshold for reporting.
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U.S. Is Optimistic It Will Prosecute Assange |
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The Justice Department is preparing to prosecute WikiLeaks founder Julian Assange and is increasingly optimistic it will be able to get him into a U.S. courtroom, according to people in Washington familiar with the matter.
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China’s Cyber Cop Ups the Pressure to Control Online
Speech |
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China’s chief cyber sensor is raising the regulatory pressure on internet companies to police online speech, requiring them to keep extensive records about users and alert authorities about the spread of what the government considers harmful content.
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Hospital Chain Settles U.S. Suit Over Stifled
Competition |
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Atrium Health, a major hospital system based in North Carolina, agreed to settle a closely watched Justice Department lawsuit, promising to change practices that antitrust enforcers alleged thwarted competition.
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FDA Seeks Ban on Menthol Cigarettes |
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U.S. regulators are seeking a nationwide ban on menthol cigarettes, a move that would remove nearly a third of the roughly 250 billion cigarettes sold annually in the country.
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Firm Tied to Cryptocurrency Entrepreneur Faces SEC
Investigation |
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Newsweek Case Expanded to Include California Bible
College |
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Manhattan prosecutors filed charges against a California bible college in connection with an alleged wide-ranging scheme involving Newsweek’s former parent company to defraud lenders out of tens of millions of dollars.
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Customers browse an Amazon Go store in downtown Seattle, near the company‘s sprawling headquarters. PHOTO: LINDSEY WASSON/REUTERS
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The ‘Prosperity Bomb’ of an Amazonian Invasion |
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If Seattle is a guide for the just-announced future hosts of the online giant’s second headquarters, Amazon.com Inc.’s arrival will be transformative.
Restaurants and new infrastructure are likely to follow—what some Seattleites call the Amazon prosperity bomb—but the invasion of workers will also bring headaches like traffic jams and a jump in housing prices.
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Companies Prepare for Currency Gyrations Amid Brexit Turmoil |
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Imports Surge at U.S. Ports as Companies Brace for New Tariffs |
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Imports into U.S. seaports are surging over usual seasonal patterns in an apparent push by retailers and manufacturers to pull orders forward ahead of a new round of tariffs set to hit U.S.-China trade in January.
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MoviePass Sheds Subscribers as Owner’s Troubles Mount |
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MoviePass experienced a significant decline in subscribers in the third quarter, the latest sign of trouble for majority owner Helios & Matheson Analytics Inc. as it looks to stave off insolvency. It didn’t cite a figure for the drop.
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Facebook Says Criticism of Its Russia Response Is ‘Unfair’ |
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Facebook Inc. Chief Executive Mark Zuckerberg and the company's board took issue with a report suggesting the social-media giant had deliberately played down the effect of Russian interfence on the platform.
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Companies, Large Investors Weigh Ways to Curb Activists |
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Pension and investment funds are negotiating with public companies on ways to limit the role of activist shareholders, amid a broader push to get the government to restrict consulting firms that advise investors on issues such as CEO pay.
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Dell Sweetens Tracking-Stock Deal After Facing Shareholder
Pressure |
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Nvidia Misses Forecasts as Gaming, Data-Center Businesses Lag |
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Nvidia Corp. posted slower-than-expected growth in its gaming and data-center businesses in the latest period, as the chip maker seeks to correct inventory issues in its flagship gaming segment.
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SoftBank Gives Automation Startup $2.6 Billion Valuation |
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A trio of companies racing for supremacy in robotic software are sparking an investment frenzy. Valuations among the rivals have been soaring with each new funding round they receive from venture capitalists.
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Apple Partners With Movie Studio A24 to Make Feature-Length Films |
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Subscribe to The Morning Risk Report here.
Follow us on Twitter at @WSJRisk.
Send comments to the Risk & Compliance editor, Jack Hagel, at jack.hagel@wsj.com.
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