17th October 2016
The eldest brother of President Abdel Fattah al-Sisi has been appointed to head a government body responsible for investigating the funding of terrorist activities, including illegal money-laundering activities. Ahmed Saeed Hussain Khalil was appointed to the job in a decree issued on Sunday by Prime Minister Sherif Ismail, along with… Read More
17th October 2016
The world’s largest emerging markets must double trade between their countries in the next four years and unite to fight terrorist threats that hurt economic prosperity, Indian Prime Minister Narendra Modi said. Noting intra-BRICS trade was $250 billion, Modi said: “We should set ourselves a target to double this number… Read More
17th October 2016
Former local government secretary Sir Eric Pickles has pledged that Britain will make tackling corruption, including in the public sector, a top priority as the country forges a new role in the world following Brexit. In a speech to the anti-bribery and corruption forum in London on 13 October, Pickles… Read More
17th October 2016
The European Union will prepare economic sanctions on the Democratic Republic of Congo unless it holds its delayed presidential and parliamentary elections next year, foreign ministers agreed on Monday. President Joseph Kabila was due to leave office at the end of his mandate in December but authorities have postponed the… Read More
17th October 2016
The Sabah Water Department deputy director and two others suspected of involvement in a multimillion ringgit graft scandal were released from remand today. They were released before Magistrate Stephanie Sherron Abie, who set bail at RM500,000 for the deputy and his brother, who is a businessman with the title of… Read More
14th October 2016
The Obama administration, in its latest bid to prevent American companies from minimizing U.S. taxes by rebasing abroad, issued final rules on Thursday to combat a key tax-reduction technique known as earnings stripping. Six months after proposing the regulations, the U.S. Treasury made good on its pledge to move swiftly… Read More
14th October 2016
Companies will face criminal charges if they fail to prevent their staff getting involved in tax evasion, under proposed legislation designed to strengthen the UK’s anti money laundering, corruption and terrorism financing regime, and protect the UK’s economy and reputation The Criminal Finances Bill, which was published yesterday, will… Read More
14th October 2016
A federal judge in Brazil has ruled that former President Luiz Inacio Lula da Silva will face further criminal charges. He said there was sufficient evidence for a trial to go ahead. Prosecutors accuse Lula of involvement in an alleged bribery scheme related to work by the construction giant,… Read More
14th October 2016
South Africa’s anti-graft watchdog has deferred release of a report into allegations of political interference by wealthy friends of Jacob Zuma in a move critics of the president fear could lead to a watering down of its conclusions. A court application by Zuma had obliged Thuli Madonsela, head of the… Read More
14th October 2016
The corporate regulator has reluctantly agreed to provide a parliamentary committee with the names of life insurers which have the highest rates of rejecting claims – but only in private. After being pressed on why the corporate watchdog would not reveal the names of the insurers, Australian Securities and… Read More