Kenya to retire old 1,000 shilling banknote to stem illicit flows
3rd June 2019
Kenya to retire old 1,000 shilling banknote to stem illicit flows
Kenya plans to withdraw an old version of its 1,000 shilling ($9.88) banknote to tackle illicit financial flows and counterfeiting, its central bank governor said on Saturday. President Uhuru Kenyatta promised to stamp out graft when he was first elected in 2013, but critics say he has been slow to… Read More
In Response to Committee, UK Outlines Pending Steps to Fight Financial Crime
3rd June 2019
In Response to Committee, UK Outlines Pending Steps to Fight Financial Crime
Earlier this month, the UK government submitted its response to the latest House of Commons Treasury Select Committee (TSC) report on economic crime, agreeing in many cases to advance parliamentarian recommendations and, in one instance, pushing back on a key proposal. Taken as a whole, the response outlines a path… Read More
Peruvian president threatens to dissolve Congress unless anti-graft reforms passed
30th May 2019
Peruvian president threatens to dissolve Congress unless anti-graft reforms passed
Peruvian President Martin Vizcarra on Wednesday threatened to dissolve Congress unless his anti-graft proposals are passed, raising the stakes in a power struggle with the opposition that could usher in a new period of political turmoil in one of Latin America’s most robust economies. Invoking a constitutional measure that allows… Read More
Brazil anti-graft minister loses financial oversight powers
30th May 2019
Brazil anti-graft minister loses financial oversight powers
AP — Brazil’s Congress has voted to trim the powers of the country’s most famous anti-corruption crusader, removing Justice Minister Sergio Moro’s financial oversight authority. The decision late Tuesday was the latest to erode the authority of the man who spearheaded a sweeping corruption probe that has brought down dozens… Read More
US removing Eritrea from counterterror non-cooperation list
29th May 2019
US removing Eritrea from counterterror non-cooperation list
AP — Eritrea is being removed from the United States government’s list of countries deemed not to be cooperating fully with U.S. counterterror efforts. The reclusive East African nation is no longer listed on the announcement that will be published in the Federal Register on Wednesday. Still listed on the… Read More
Fragmented parliament complicates EU leadership contest
28th May 2019
Fragmented parliament complicates EU leadership contest
The task of picking the five names that will hold the European Union’s top jobs and guide its future just got harder after EU assembly elections highlighted the deepening political fragmentation of the 28-country bloc. The two biggest centrist groups in the current European Parliament – the European Peoples’ Party… Read More
U.S. readies sanctions, charges over Venezuela food program: sources
23rd May 2019
U.S. readies sanctions, charges over Venezuela food program: sources
The United States is preparing sanctions and criminal charges against Venezuelan officials and others suspected of using a military-run food aid program to launder money for President Nicolas Maduro’s government, according to people familiar with the matter. These actions are expected to be taken within the next three months as… Read More
Top banking officials in China’s Tianjin warned against corruption
23rd May 2019
Top banking officials in China’s Tianjin warned against corruption
Senior executives at eight banking institutions in China’s Tianjin were warned by the city’s top Communist Party official against corruption, the country’s graft-buster said on Wednesday. Tianjin’s Party boss Li Hongzhong criticized some officials at Tianjin’s financial institutions for having “lost morality” and “seriously violating the Party’s rules and discipline”,… Read More
Suspicious financial activity at Vatican reaches six-year low: watchdog
22nd May 2019
Suspicious financial activity at Vatican reaches six-year low: watchdog
Reports of suspicious financial activity in the Vatican reached a six-year low in 2018, an internal watchdog report showed on Tuesday, continuing a trend officials said showed reforms were fully embedded. The annual report by the Vatican’s Financial Information Authority (AIF) also showed that Vatican’s cooperation with international financial regulators… Read More
FCA Warns of Sharp Rise in Online Trading Scams Linked to Crypto, Forex
22nd May 2019
FCA Warns of Sharp Rise in Online Trading Scams Linked to Crypto, Forex
Reports of investment scams linked to crypto-assets and foreign currency trades have nearly tripled over the past year compared to the previous 12-month period, two UK organizations said Tuesday. Investors in the online trading schemes lost £27 million over the year, with average losses for individuals totaling £14,600, according to… Read More
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