13th November 2017
Jersey Evening Post An ‘offshore magic circle’ of law firms – including Jersey companies – are ‘terrified’ of the risk to their businesses following the Paradise Papers data leak, according to a Financial Times report. But according to sources quoted by the FT, they are also poised to steal the… Read More
13th November 2017
KYC360 News Members of a criminal gang comprising a banker, lawyer and other professionals, have been jailed for a $107.9 million tax fraud scheme. The six men, who were given sentences totalling 45 years, devised a fake eco-investment plot as a tax break for rich investors. “The scheme enticed high… Read More
13th November 2017
Nation Online The Senate says it is set to publish names of companies found culpable in investigation into alleged N30 trillion revenue scam in the import and export value chain. Sen. Hope Uzodinma, Chairman of the Joint Committee on Customs, Excise and Tariff and Marine Transport, made this known in… Read More
13th November 2017
Radio Free Europe, Radio Liberty ad Hariri, who resigned as Lebanon’s prime minister last week, says his country faces the risk of sanctions being imposed by Gulf Arab nations because of the Iran-backed Hizballah movement’s activities in Lebanon. Hariri made the comments in a television interview from Saudi Arabia on… Read More
13th November 2017
By Rob Davies, Guardian HSBC has revealed that it closed accounts linked to South Africa’s Gupta family corruption investigation, admitting for the first time concerns about its potential ties to the snowballing scandal. The bank said it had also flagged up its worries to the financial crime expert who has… Read More
10th November 2017
The developments around audit firm KPMG following its implication in state capture has stressed the need to introduce reforms in the auditing and accounting professions, said Deputy Reserve Bank Governor Francois Groepe. Groepe delivered an address at the Financial Stability Forum at the South African Reserve Bank (SARB) on Thursday… Read More
10th November 2017
Proposed sanctions against the Myanmar military should move quickly through the U.S. Congress due to strong bipartisan support, lawmakers told VOA. The Burma Sanctions Bill in the House of Representatives and a companion bill in the Senate would apply economic pressure on military generals with the aim of ending the… Read More
10th November 2017
10 November 2017 Standard Chartered said it faces a further extension of its U.S. deferred prosecution agreements (DPAs) until July next year, in a sign it has yet to improve its sanctions compliance to the satisfaction of U.S. authorities. StanChart first entered into the agreements with the U.S. Department of… Read More
10th November 2017
The Scottish government has outlined its action plan to protect public organisations from cyber attacks. The strategy was fast-tracked after a global cyber attack in May in which 11 Scottish health boards were targeted. Public bodies have been told to improve their… Read More
9th November 2017
Secretary of State Rex Tillerson said Thursday that the US and China are seeing “certain signs” that international sanctions imposed against North Korea are beginning to impact the country’s economy. “It is creating some stress within North Korea’s economy,” Tillerson said, pointing to US and Chinese intelligence. Japanese strangers… Read More