7th November 2017
Billionaire Saudi Prince Alwaleed bin Talal, who recently dismissed bitcoin as ‘Enron in the making’, is understood to be among several princes who have been arrested in a Saudi government crackdown on corruption. Alwaleed recently told CNBC “I just don’t believe in this bitcoin thing. I think it’s just… Read More
7th November 2017
Cayman Compass A long-anticipated review of Cayman’s anti-money laundering and anti-terrorism financing protections is due to occur next month and Attorney General Samuel Bulgin has warned the territory not to expect an easy pass. “We are fully aware that the upcoming review by the Caribbean Financial Action Task Force… Read More
6th November 2017
INDIA TODAY In a huge diplomatic victory for India, New Delhi managed to get the Financial Action Task Force (FATF) – the global watchdog that combats terrorism financing – to demand compliance from Pakistan on the issue of terror funding. That happened despite opposition from China, as was the case… Read More
6th November 2017
By Martha M. Hamilton, Sasha Chavkin, ICIJ U.S. Commerce Secretary Wilbur L. Ross Jr. has a stake in a shipping firm that receives millions of dollars a year in revenue from a company whose key owners include Russian President Vladimir Putin’s son-in-law and a Russian tycoon sanctioned by the U.S. Read More
6th November 2017
By David Shepardson, REUTERS President Donald Trump’s former campaign manager Paul Manafort offered to post more than $12 million (£9.17 million) in real estate and life insurance assets and to limit his travel in a bid to avoid continued house arrest, according to court documents filed on Saturday. Manafort, who… Read More
6th November 2017
BBC A new Saudi anti-corruption body has detained 11 princes, four sitting ministers and dozens of former ministers, media reports say. The detentions came hours after the new committee, headed by Crown Prince Mohammed bin Salman, was formed by royal decree. Those detained were not named. BBC security correspondent Frank… Read More
3rd November 2017
The SA Revenue Service (Sars) said on Friday it was considering taking criminal and civil action against investigative journalist and author Jacques Pauw and the Sunday Times newspaper following an exposé about President Jacob Zuma’s income and tax affairs. This comes after last weekend’s Sunday Times’ lead story, “Gangster republic:… Read More
3rd November 2017
3 November 2017 By David Mardiste, REUTERS Estonia plans to block access to the country’s vaunted online services for 760,000 people from midnight on Friday to fix a security flaw in some of the Baltic country’s identity smartcards that was identified earlier this year. Estonia is seen as a leader… Read More
3rd November 2017
BBC Manchester United manager Jose Mourinho has said a Spanish tax fraud case relating to his time in charge of Real Madrid is closed. He emerged after a brief hearing at a court in the Spanish capital Madrid to say he had paid a fee to settle accusations. He had… Read More
3rd November 2017
The US on Thursday severed Bank of Dandong from its financial system, saying it acts as a conduit for illicit North Korean financial activity. The institution is used for North Korea to access the US and international systems, including facilitating multi-million dollar payments for firms engaged in North Korea’s ballistic… Read More