22nd May 2018
Zimbabwe’s parliament said on Monday that former President Robert Mugabe was scheduled to answer questions this week related to diamond mining operations during his tenure, but an official said senior ruling party politicians opposed this. Mugabe was originally scheduled to appear before the mines committee on May 9, which would… Read More
22nd May 2018
Malaysia has set up a special taskforce that will look into possible criminal conduct of individuals involved in the management of state fund 1Malaysia Development Berhad (1MDB), the prime minister’s office said on Monday. The taskforce, which will include the anti-graft agency, police and the central bank, will also be… Read More
21st May 2018
British authorities, whose relations with Moscow have been strained, are yet to renew Russian billionaire Roman Abramovich’s visa after it expired last month, two sources familiar with the matter told Reuters. Abramovich, best known in Britain as the owner of Premier League football club Chelsea, is in the process of… Read More
21st May 2018
The European Commission has announced the revival of legislation that will enable EU firms to trade with Iran despite US sanctions. Called the blocking statute, the measures ban EU companies from complying with the extraterritorial effects of US sanctions, and enable companies to recover damages arising from such sanctions from… Read More
18th May 2018
The European Commission will launch on Friday the process of activating a law that bans European companies from complying with U.S. sanctions against Iran and does not recognize any court rulings that enforce American penalties. “As the European Commission we have the duty to protect European companies. We now need… Read More
17th May 2018
The United Kingdom’s Crown dependencies (CDs) are facing increasing calls to adopt public registers of beneficial ownership, after British lawmakers voted to compel the overseas territories (OTs) to implement the measures. British parliamentarians from both the Tory and Labour parties recently voted to make it compulsory for the OTs to… Read More
17th May 2018
Former Reserve Bank of India chief Raghuram Rajan said on Wednesday he did not intend to apply for the job of Bank of England governor which is due to come vacant next year. Rajan has been mentioned by analysts as a possible future BoE governor after Mark Carney –… Read More
15th May 2018
The Council of the European Union has adopted new rules aimed at combating money laundering and terrorism financing across the bloc following an agreement with the European Parliament in December. Dubbed the Fifth EU Anti-Money Laundering Directive (5AMLD), the law makes key changes to the previous directive, such as now… Read More
15th May 2018
The Dutch government said on Monday it had decided to phase out the use of anti-virus software made by Kaspersky Labs “as a precautionary measure” and was advising companies involved in safeguarding vital services to do the same. In a letter to parliament, Justice Minister Ferdinand Grapperhaus said the decision… Read More
14th May 2018
AP — On the sixteenth floor of the headquarters of Odebrecht, the construction company at the center of one of the largest graft scandals in history, the executive charged with stamping out corruption insists the firm has changed its ways. Meanwhile, at the reception area downstairs, a justice official… Read More