16th May 2017
An anti-money laundering partnership between Australia’s big four banks and the continent’s government designed to share more information in real time is getting good reviews but probably isn’t exportable to the U.S., several lawyers and consultants said. The Fintel Alliance launched in March “offers an unprecedented opportunity for government and… Read More
16th May 2017
Prevezon Holdings Limited, a Cyprus-based company, agreed on Friday to pay US$5,896,333.65 to the US Treasury to settle a money laundering and civil forfeiture action uncovered by the deceased Russian lawyer Sergei Magnistsky. Sergei Magnitsky Prevezon Holdings, owned by Russian businessman Denis Katsyv, and its subsidiaries were prosecuted in New York for laundering some of the US$230 million stolen by an… Read More
15th May 2017
Sacked Aam Aadmi Party (AAP) leader and former Delhi minister Kapil Mishra on Sunday alleged that Delhi Chief Minister Arvind Kejriwal holds several shell companies, which are used to deposit crores of unaccounted funds. In a media conference in which he showed some slides allegedly displaying discrepancy between funds received… Read More
15th May 2017
Malawi’s Anti-Corruption Bureau has launched an investigation into whether money irregularly changed hands during the rushed signing of production-sharing agreements on three of Malawi’s petroleum blocks just eight days before the 2014 elections in the country. The probe was requested by a range of Malawian civil society organisations and international… Read More
15th May 2017
The Supreme Court (SC) has cleared former Agriculture undersecretary Jocelyn “Jocjoc” Bolante and other respondents of money laundering charges in connection with the P728 million fertilizer fund scam. Before this, the Court of Appeals (CA) denied the government’s application to extend the freeze order issued in 2009 on Bolante’s bank… Read More
12th May 2017
The United States on Thursday announced sanctions against three Pakistan-based individuals and an entity in an effort to disrupt their leadership and funding, including the Lashkar-e-Taiba (LeT) and its front for charitable activities, Jamaat-ud-Dawah, as a part of its counter terrorism measures. Other outfits expected to be impacted by these measures… Read More
12th May 2017
A North Korean parliamentary committee sent a rare letter of protest to the U.S. House of Representatives on Friday over its new package of tougher sanctions. The sanctions were condemned as a “heinous act against humanity” by the foreign affairs committee of the North’s Supreme People’s Assembly, according to a… Read More
12th May 2017
Speaking at the Monrovia City Hall on the 4th day of GIABA’s 27th Plenary on Thursday, 11 May, Mr. Ajisomo said the fight can only be won in the context of more opened and sustained international cooperation. The event which began here on Monday at the Monrovia City Hall, offers… Read More
12th May 2017
The US has imposed sanctions on Pakistan-based extremists and an organisation run by Mumbai attack mastermind Hafiz Saeed’s JuD group as part of an effort to disrupt their leadership and fund-raising networks. The sanctions have been slapped to disrupt the funding of Lashkar-e-Taiba (LeT) and its front for charitable… Read More
12th May 2017
Following last year’s leak of confidential financial documents from a Panama law firm, a United Nations rights expert yesterday called on the countries’ authorities to continue to impose greater due diligence on financial and banking institutions. Juan Pablo Bohoslavsky said that such reforms would enable parties to prevent and denounce… Read More