29th July 2016
Former Brazilian president Luiz Inácio Lula da Silva has filed a petition with the UN human rights committee outlining alleged abuses of power in the corruption case he is embroiled in. At a press conference in London, his Brazilian and British lawyers said they had just returned from the United… Read More
29th July 2016
Newly inaugurated Peruvian President Pedro Pablo Kuczynski said Thursday he was fully committed to fighting corruption and would have no qualms about going after anyone who engages in that activity. In an address following his swearing-in ceremony, Kuczynski said the battle against corruption would be one of the pillars of… Read More
29th July 2016
Charges against Radovan Krejcir piled up on Thursday when he was charged alongside three other people for alleged involvement in a money-laundering scheme that defrauded the Central Bank of Swaziland of almost R7.6 million. This was after an investigation started in 2013 by the SAPS peaked on Thursday when prominent… Read More
29th July 2016
The Federal Reserve Bank of New York has asked the Philippines’ central bank to help Bangladesh Bank recover the $81 million that was stolen by hackers in February from its account held at the Fed, boosting Dhaka’s efforts to retrieve the money. In a letter sent on June 23, the… Read More
29th July 2016
The U.S. Treasury on Wednesday expanded its hunt for international criminals who launder money through real-estate deals by ordering title insurance companies to report all-cash buyers’ identities in parts of California and Texas, as well as greater swaths of New York and Florida. The program to unmask individuals behind shell… Read More
29th July 2016
A court monitor has found that Western Union has successfully implemented protections recommended by the Arizona Attorney General’s Office to stop the wiring of illicit cash. Read More
28th July 2016
The Intergovernmental Action Group against Money Laundering in West Africa (GIABA) has taken further step to shield banks and insurance companies in The Gambia from being misused to launder money or finance terrorism. The sub-regional organisation on Wednesday commenced a three-day national workshop on Money Laundering and Terrorist Financing (ML/TF)… Read More
28th July 2016
The penalties have been imposed in exercise of powers vested in the Reserve Bank under the provisions of Section 47(A) (1) (c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account the violations of the instructions/directions/guidelines issued by the Reserve Bank from time to time. Read More
28th July 2016
The Shanghai Composite Index fell 58.17 points today to its closing level of 2,992.00, for a decline of 1.91 percent. There was power behind the decline: Volume was very heavy by recent standards, at 280.16 million. Lately the Shanghai bourse has been handling volume between 150 and 175 million shares. Read More
28th July 2016
Government's move to seize portion of property's equity could be big relief for investors Read More