28th September 2016
The Senate on Tuesday resolved to investigate allegations of $13.92 billion illicit financial flow involving telecommunications company, MTN, four banks and the Minister for Trade and Investment, Okechukwu Enelamah. The resolution followed a motion by Dino Melaye (APC-Kogi West) who said MTN connived with “some influential and unpatriotic Nigerians” to… Read More
28th September 2016
Chair Werner Langen kicked off Tuesday’s hearing with the investigative journalists behind the Panama Papers revelations by announcing that the inquiry committee will also look into the recent Bahama Leaks affair and the case of former Commissioner Neelie Kroes, who failed to declare a directorship in an offshore firm while… Read More
27th September 2016
Pay No Bribe (PNB) is an innovative reporting platform where citizens can anonymously report incidents of petty corruption and bribery. Citizens can register an incident by calling a hotline phone number (515), the PNB website or on a mobile application in Krio, Mende and Temne. The recorded data will allow… Read More
27th September 2016
An eight-year effort to identify and root out corruption in the government of Afghanistan was largely window dressing, and cases of bribery and embezzlement amounting to as much as $100 million went unprosecuted, according to a new report by a U.S. government watchdog. The Special Inspector General for Afghanistan Reconstruction… Read More
27th September 2016
Peru’s Popular Force party, led by Keiko Fujimori, has rejected a bill to strengthen prosecutors investigating money laundering, calling into question the party’s commitment to fighting corruption. The bill would have empowered the government’s Financial Intelligence Unit (UIF) to view money transfers when investigating money laundering and the financing of terrorism. Popular Force, which controls… Read More
27th September 2016
An international group that monitors money laundering said on Tuesday that Singapore should pursue more offenders involved in international cases and take more action to confiscate suspicious funds moving through the city-state. “Singapore maintains one of the lowest domestic crime rates in the world and therefore the bulk of Singapore’s… Read More
26th September 2016
Momentum is growing on Capitol Hill for new sanctions against supporters of Syrian President Bashar al-Assad’s regime, as many lawmakers’ patience with the Obama administration’s approach wears thin following the collapse of the latest cease-fire agreement. President Barack Obama has opposed stepping up sanctions. House Speaker Paul Ryan (R., Wis.)… Read More
26th September 2016
Officials of the Attorney General Office (AGO) reported on the government’s serious efforts to prevent corruption, adding establishment of judicial center would act like a fighting corruption machine. According to The Kabul Times, Basir Azizi, the spokesperson for AGO said, ‘the government of Afghanistan needed a machine to decrease corruption… Read More
26th September 2016
Governments worldwide should pass new laws to facilitate the sharing of information between themselves and the private sector in order to better combat financial crime, HSBC’s top lawyer told a banking conference in Geneva on Monday. “Put simply, the way we do financial crime compliance is outdated,” Stuart Levey, chief… Read More
23rd September 2016
More than 2,000 people gathered in front of the Romanian Parliament on Thursday night, in what looks like the beginning of a new series of protests in the Eastern European country. Hundreds of people also gathered in several cities around the country to chant, “We want the rule of law,… Read More