31st May 2017
It seems that every unfolding political corruption scandal in Israel introduces the country to a new, colorful Jewish billionaire with deep pockets. The latest police investigation focusing on Interior Minister Arye Dery is no exception. The news broke on Monday that Dery, his wife, Yaffa Dery and no fewer than… Read More
31st May 2017
A restructuring of the Central Bank’s financial-regulation structures has been approved. As a result, regulatory functions will be split under two headings: prudential regulation and financial conduct. The purpose of the restructuring is to “ensure the Central Bank is suitably equipped to meet its expanded regulatory mandate”. The structure of… Read More
31st May 2017
Nigerian lawmakers passed a bill aimed at cracking down on money laundering by urging foreign countries where currency crooks are hiding to cooperate in prosecuting them, a senior official said on Tuesday. According to the bill, Nigeria may ask any country where a money launderer is hiding to help it… Read More
30th May 2017
Despite a last-minute appeal by former Secretary of State John Kerry, the architect of the Iran deal, the Senate Foreign Affairs Committee on Thursday passed a new bill targeting Iran for missile activity, terror-sponsorship and human rights abuses – with strong support from Democrats. Kerry, along with other key supporters… Read More
30th May 2017
Anti-corruption campaigners have called for the next UK Government to clamp down on Scottish firms they describe as Britain’s “home-grown secrecy vehicle”. In its 2017 manifesto, Transparency International sets out a series of reforms for Scottish limited partnerships or SLPs exposed by The Herald at the heart of scores of… Read More
30th May 2017
Singapore said on Tuesday it had fined Credit Suisse and a local lender for breaches of the city-state’s anti-money laundering laws relating to a corruption scandal at Malaysian state fund 1MDB. The Monetary Authority of Singapore (MAS), the country’s central bank, said it also imposed lifetime bans on two bankers… Read More
30th May 2017
The net is closing around a duo of fugitive oligarchs and their kin accused of laundering Kazakh money in posh U.S. real estate — including Trump Organization properties. In a complicated case with potential implications for President Donald Trump’s business empire and associates of the real-estate-developer-turned-president, Switzerland has revealed it… Read More
29th May 2017
The US Chargé d’Affaires at the Embassy in Sudan cannot say how the Trump administration will deal with the decision to lift the trade sanctions on Khartoum. “I honestly do not know how the decision will be dealt with, but I can say that the US Secretary of State will… Read More
29th May 2017
FinTech has no doubt changed the face of the financial services industry in the U.S., but experts are beginning to question how it will impact regulation. Reports in Reuters on Friday (May 26) explored how industry players are examining the future of financial regulation as FinTech continues its disruption. Read More
29th May 2017
The Monetary Authority of Macao announced on Friday the establishment of a “Financial Security Expert Alliance”, in collaboration with the People’s Bank of China and the Hong Kong Monetary Authority. The new task force was described as a body to maintain and promote “the security and stability of financial markets” and… Read More