New Covid Variant Spreading, Turn LATAM Travel Funds Into Cash, Capital One Fined for Money Laundering and More

News Roundup

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News Roundup

This is a roundup of news that I have come across during the day. Here you can read about the new Covid variant spreading in the US, how to turn LATAM Travel Funds into cash, Goldman Sachs General Motors credit cards, Capital One fined for violating U.S. anti-money laundering law, and a $70 million offer to dig up Bitcoin fortune.

C.D.C. Warns the New Virus Variant Could Fuel Huge Spikes in Covid-19 Cases

The more contagious version, first identified in Britain, is expected to spread widely and lead to further strains on an already overburdened health care system.

How To Turn LATAM Travel Funds Into Cash Via Bank Deposit

If you didn’t know, you can turn LATAM travel funds into cash. Rather than keeping a voucher, you can cash it out via bank transfer. LATAM doesn’t make this clear, so this article will help figure out the steps.

Goldman Sachs to issue credit cards for General Motors

Goldman Sachs Group Inc said on Friday it expects to become the issuing bank for automaker General Motors Co’s credit card business, starting September this year. Goldman and GM did not disclose the terms of the deal but said that Mastercard Inc will remain the network for the card.

Capital One fined for violating U.S. anti-money laundering law

Credit card firm Capital One Financial Corp has been fined $390 million for engaging in what the U.S. government called willful and negligent violations of the Bank Secrecy Act, an anti-money laundering law, a Treasury Department bureau said on Friday. The Treasury Department’s Financial Crimes Enforcement Network said in a statement that Capital One admitted to willfully failing to implement and maintain an effective program to guard against money laundering as required by law.

Man offers $70 million to dig up Bitcoin fortune

James Howells from Newport, Wales, has offered his city council a 25% cut of his 7,500 bitcoins if it allows him to excavate the landfill where he threw it away in 2013. Howells’ bitcoin is now worth around $275 million as bitcoin is trading around $37,000 at the time of writing.

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