24th October 2017
BBC Credit rating firm Equifax is being investigated by the UK’s Financial Conduct Authority (FCA) over a large data loss. The FCA released a short statement announcing the investigation but did not provide further details. Equifax said it welcomed the opportunity to “learn the lessons from this criminal cyber-attack”. Earlier… Read More
24th October 2017
A US jury has found a former HSBC executive from the UK guilty of defrauding client Cairn Energy in a 2011 currency trade. Prosecutors said Mark Johnson schemed to increase the price of sterling before converting $3.5bn into pounds for Cairn, benefiting HSBC. Mr Johnson, the former head of HSBC’s… Read More
23rd October 2017
23 October 2017 By Camillus Eboh, REUTERS A Nigerian court has ordered a temporary freeze on millions of bank accounts with incomplete identification documents and the forfeiture of funds in those accounts as the government seeks to ensure compliance with money laundering rules. In a court order seen by Reuters… Read More
23rd October 2017
The Financial Conduct Authority (FCA) has fined US banking giant Bank of America Merrill Lynch (BAML) £34.5m for failing to disclose millions of exchange traded derivative transactions. Since the financial crisis the regulator requires transactions of that kind to be declared as it believes it allows it to measure the… Read More
23rd October 2017
Business activities came to a halt as scores of residents in the Kumasi Metropolis lined up on the streets to wave at the Asantehene Otumfuo Osei Tutu II, when he touched down at the Kumasi Airport on Thursday. The Asantehene was taken through some principal streets of the metropolis before… Read More
23rd October 2017
By PTI, Indian Express BJP general secretary Kailash Vijayvargiya today said that the Goods and Services Tax (GST) was in the interest of the country and traders involved in tax evasion are facing problems after the introduction of this new tax regime. While addressing the BJP workers during a programme… Read More
23rd October 2017
Vice President Yemi Osinbajo has again called for an intensified global action against vices associated with corporate secrecy stating that “breaking the wall of secret corporate ownership is an existential matter.’’ Speaking at the opening of the Extractive Industries Transparency Initiative (EITI) Beneficial Ownership Conference today in Jakarta, Prof. Osinbajo… Read More
23rd October 2017
Malaysia has asked Interpol to try to locate a Malaysian financier for questioning over his suspected involvement in a multi-billion dollar scandal at state fund 1Malaysia Development Berhad (1MDB), the deputy prime minister said on Monday. The U.S. Justice Department is seeking to seize $1.7 billion in assets that it… Read More
20th October 2017
DAILY MIRROR Brazil star Neymar has been fined £900,000 for tax evasion by a court in his homeland. The £200million PSG forward saw the sanction imposed by the Third Room of the Federal Regional Court of the Third Region of Brazil. Neymar, 25, had £46million in assets seized by Brazilian… Read More
20th October 2017
SAHARA REPORTERS A coalition of Nigerian civil society organizations, the Civil Society Network Against Corruption (CSNAC), has called on the Economic and Financial Crimes Commission (EFCC) to speed up efforts to investigate the $20 million bribery scam that has former officials of the Nigerian Ports Authority, (NPA) at its center. Read More