17th January 2018
Ukraine’s central bank said on Tuesday an investigation into the country’s largest lender, PrivatBank, which was taken into state control in 2016, showed it had been used for money-laundering and shady deals over the course of at least a decade. One of the bank’s former main shareholders, Ihor Kolomoisky, dismissed… Read More
16th January 2018
Venezuelan President Nicolas Maduro has asked all 10 countries in the Bolivarian Alliance for the Peoples of Our America (ALBA) to work together on the creation of the Petro, his proposed oil-backed cryptocurrency, according to local sources. During a meeting of ALBA on Jan. 12, Maduro had announced: “I put… Read More
16th January 2018
European Union officials have proposed removing eight jurisdictions from the blacklist of tax havens the bloc adopted in December, in what critics may see as a blow to its campaign against tax avoidance. EU states decided last month to draw up the list in a bid to discourage the most… Read More
15th January 2018
Terrorist groups are establishing complicated networks for signing up and training new members, according to a new report by the Financial Actin Task Force (FATF). The methods include renting real estate and transport or using unregistered religious organisations for recruitment purposes, the study found. “Recruitment networks may face on-going… Read More
15th January 2018
The United Kingdom and India will exchange intelligence, records and personal details such as the finger prints of criminals, in a partnership aimed at increasing cooperation between the two states. The agreement, or memorandum of understanding on criminal records exchange, is aimed at allowing courts in both countries “to… Read More
15th January 2018
Iran says the US has “crossed a red line” by imposing sanctions on the head of its judiciary, Ayatollah Sadeq Amoli-Larijani. The foreign ministry vowed to retaliate but did not say what form any action might take. Iran also rejected any changes to its nuclear deal with world powers. US… Read More
12th January 2018
Unites States President Donald Trump on Friday extended sanctions relief for Iran for the “last time,” but highlighted the nuclear agreement’s “terrible flaws” that need to be addressed. The waiver lifts US sanctions on Iran for another three months, after which time he may choose to renew it again or… Read More
12th January 2018
The Isle of Man government has refuted claims it failed to respond to India’s request for information regarding a major bribery and corruption investigation. It confirmed it had received requests from Indian authorities, but said these were “executed in full” and all documentary evidence sought was provided through its Attorney… Read More
12th January 2018
HM Revenue and Customs is struggling to cope with a growing workload, including investigating revelations contained within the Paradise Papers, according to parliament’s spending watchdog. The public accounts committee has warned that it is “far from confident” that the tax authority has sufficient resources to scrutinise claims published in the… Read More
12th January 2018
Ghana’s President Nana Akufo-Addo on Thursday named a former attorney-general as anti-graft prosecutor to probe specific cases of corruption including those committed by politicians. There is widespread belief among civil society groups in Ghana that corruption is on the rise, especially among public office holders. The appointment of Martin Amidu,… Read More