7th June 2017
A minor tweak appears to be the only hurdle that remains before Oregon lawmakers pass a sweeping piece of legislation designed to rein in abusive, anonymous companies. The Joint SubCommittee on General Government on Tuesday held a public hearing on House Bill 2191.  … Read More
7th June 2017
The Common Market for Eastern and Southern Africa (Comesa) and the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) have signed a Memorandum of Understanding to deepen collaboration in combating money laundering and terrorist financing. 10 out 18 countries in ESAAMLG are Comesa members with six… Read More
6th June 2017
Zimbabwean President Robert Mugabe used an address on Monday at the opening of the first United Nations conference on oceans to call for an end to sanctions on his landlocked country so it can implement a series of global goals on sustainable development. The 93-year-old was among about nine leaders… Read More
6th June 2017
Many businesses don’t report financial crime because of the risk to their reputation, the head of the Serious Fraud Office says. SFO chief executive and director Julie Read appeared before a parliamentary select committee today alongside the office’s responsible minister Paula Bennett.In response to a question… Read More
6th June 2017
A pact establishing common rules against tax evasion will be signed Wednesday by about 60 countries, not including the U.S., which is choosing to deal with the issue bilaterally. The accord, hammered out by the Group of 20 economies and the Organization for Economic Co-operation and Development, is a uniform… Read More
6th June 2017
A Federal High Court on Monday in Lagos fixed June 6 foe ruling on the objection by a former Governor of Abia, Orji Uzor Kalu, to the evidence of a prosecution witness in his trial. The Economic and Financial Crimes Commission (EFCC) had on Oct. 31, 2016, slammed a 34-count… Read More
6th June 2017
The Financial Industry Regulatory Authority (FINRA) barred a former Morgan Stanley representative for concealing the customers behind around $190 million in Venezuelan bond trades. John Batista Bocchino hid the customers’ trades from Morgan Stanley by creating hundreds of documents containing false information, including new account forms and trade tickets, FINRA… Read More
6th June 2017
The German upper house of Parliament, the Bundesrat, passed a bill June 2 to stymie tax evasion through letterbox companies as part of a wider crackdown on illegal tax practices in light of last year’s Panama Papers scandal. The bill, which will become law after being signed by the German… Read More
6th June 2017
Former Secretary of State John Kerry said Monday that the Iran nuclear deal could hold even if President Donald Trump pulls out but he warned that imposing new economic sanctions against Tehran could be dangerous. Kerry said new sanctions on people involved in Iran’s ballistic missile program could send a… Read More
5th June 2017
The Turks and Caicos Islands is gearing up to complete its first money laundering and terrorist financing National Risk Assessment this June. About 50 stakeholders and representatives from both the public and private sectors are expected to convene for a two-day workshop at the Blue Haven Resort in Providenciales. The workshop… Read More