In SRA Report, Signs of Work Ahead for Law Firms and Regulators Alike
15th May 2019
In SRA Report, Signs of Work Ahead for Law Firms and Regulators Alike
More than 40 percent of the 59 law firms recently examined by the Solicitors Regulatory Authority (SRA) are facing potential disciplinary actions for anti-money laundering (AML) compliance failures. That SRA, which focused its review on firms in England and Wales that offer trust and company services, found compliance deficiencies at… Read More
France suggests sanctions could be reimposed if Iran reneges on deal
8th May 2019
France suggests sanctions could be reimposed if Iran reneges on deal
International sanctions could be reimposed on Iran if it reneges on commitments under its nuclear deal, sources at the French presidency said on Tuesday, after Tehran said it would scale back its compliance a year after Washington pulled out. The U.S. military said on Tuesday that B-52 bombers would be… Read More
Nigerian opposition says government has frozen VP candidate’s accounts
10th December 2018
Nigerian opposition says government has frozen VP candidate’s accounts
Nigeria’s main opposition party said authorities had frozen the bank accounts of its vice presidential candidate in the run-up to elections next February. The People’s Democratic Party (PDP) said late on Saturday accounts belonging to Peter Obi, its vice presidential candidate, his wife, family members and their businesses had been… Read More
Chief Richard Weber, head of the criminal investigation division of the IRS, on tax evasion in the US
Chief Richard Weber, head of the criminal investigation division of the IRS, on tax evasion in the US
New premier Imran Khan pledges to restore Pakistan’s economy
20th August 2018
New premier Imran Khan pledges to restore Pakistan’s economy
AP — Prime Minister Imran Khan said in his first televised speech in office that Pakistan is in the worst economic condition it has seen and pledged to cut government spending, end corruption and repatriate public funds. A day after he was sworn in, Khan promised… Read More
Switzerland issues regulatory guidance for ICOs
26th April 2018
Switzerland issues regulatory guidance for ICOs
Switzerland’s financial authority Finma has issued guidance for handling initial coin offerings (ICOs), setting out how it intends to apply rules for enquiries. At present ICOs are not covered by any specific law in Switzerland, however there are some laws under which they may fall. Finma analysis indicates that money… Read More
US opens tough Saudi nuke talks, in shadow of Iran deal
26th February 2018
US opens tough Saudi nuke talks, in shadow of Iran deal
AP – The Trump administration is opening talks with Saudi Arabia on a potentially lucrative atomic energy agreement that’s inextricably linked to an Obama-era nuclear deal with Iran. At stake: Billions of dollars in contracts for U.S. companies and bigger questions about America’s ability to keep friend and… Read More
Bank of Uganda unfreezes ActionAid accounts
26th December 2017
Bank of Uganda unfreezes ActionAid accounts
Bank of Uganda (BOU) has finally unfrozen bank accounts of ActionAid Uganda after nearly three months of closure. “The leadership of ActionAid Uganda is pleased to inform its partners, supporters, and staff that our quest to have our bank accounts unfrozen has been achieved following constructive discussions with some agencies… Read More
Hong Kong-listed firm linked to UK fraud, laundering inquiry
28th November 2017
Hong Kong-listed firm linked to UK fraud, laundering inquiry
By Richard Cook, Asia Times Two directors from a China-based company that recently listed on the Hong Kong Stock Exchange have been linked to a US$45 million tax fraud and money laundering inquiry in the UK. The pair, James Liang Jian-heng and Andy Chan Kit-lung, are both executive directors and… Read More
Germany: Talks in forming coalition collapse, Merkel faces challenges
20th November 2017
Germany: Talks in forming coalition collapse, Merkel faces challenges
BBC Talks on forming a coalition government in Germany have collapsed, leaving Angela Merkel facing her biggest challenge in 12 years as chancellor. The free-market liberal FDP pulled out after four weeks of talks with Mrs Merkel’s CDU/CSU bloc and the Greens. FDP leader Christian Lindner said there was… Read More
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