31st October 2017
By Tanza Loudenback, UK Business Insider Paul Manafort, President Donald Trump’s former campaign chairman, was indicted by a grand jury on Monday morning along with his business associate Rick Gates on a range of charges, including laundering over $21 million. The hidden millions were used “to enjoy a lavish lifestyle… Read More
31st October 2017
By Kamal Ahmed, BBC The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain’s departure from the European Union. I understand senior figures at the Bank are using the number as a “reasonable scenario”, particularly if there is no specific UK-EU financial… Read More
30th October 2017
EU Observer MEPs have urged Cypriot president Nicos Anastasiades to “correct” the mishandling of a Russia corruption case. The 17 deputies voiced “grave concern” in a letter to Nicosia on Friday (26 October) that Cyprus was “actively assisting” Russia in “politically-motivated proceedings” against Bill Browder, a British human rights campaigner. Read More
30th October 2017
Donald Trump’s former presidential campaign manager, Paul Manafort, has been charged with conspiring to defraud the US in his dealings with Ukraine. The 12 charges brought against Mr Manafort and one of his business associates, Rick Gates, include conspiracy to launder money. Mr Manafort and his lawyer have arrived at… Read More
30th October 2017
By Ivan MArtin, MALTA TODAY Suspected money laundering operations involving Maltese and foreign nationals in Malta are being investigated in connection with the ‘dirty oil’ smuggling racket, the Times of Malta has learnt. Sources said Italian authorities had reached out to their Maltese counterparts and EU agencies to collaborate in… Read More
30th October 2017
By Suleiman Mustapha, Graphic Online Mobile Money operator, MTN, has sanctioned 3,000 mobile money agents allegedly caught in mobile money fraud in the last three months. The move is part of efforts by the country’s biggest telecom company to sanitise and restore integrity to its mobile money platform. In an… Read More
30th October 2017
27 October 2017 By Jonathan Stempel, REUTERS Nigeria has recovered $85 million in funds from an oil licence deal that had been deposited in Britain, the West African country’s attorney general said. President Muhammadu Buhari has, since taking office in 2015, sought help from several nations to recover money he… Read More
30th October 2017
GUARDIAN China aims to pass a national supervision law and set up a new commission next year to oversee an expansion of President Xi Jinping’s campaign to fight corruption in the ruling Communist party and government. The moves will be made during China’s annual meeting of parliament early next year,… Read More
30th October 2017
FRANCE 24, AFP A French court handed down a three-year suspended jail term on Friday to Teodorin Obiang, the son of Equatorial Guinea’s leader and who serves as vice president, after a landmark graft trial that lifted the lid on his playboy lifestyle. The 48-year-old, who was tried in absentia,… Read More
27th October 2017
By Alexandra Ma, Business Insider Catalonia has voted to declare independence from Spain, bringing to a head an unprecedented four-week power struggle over the region. Lawmakers in the regional parliament in Barcelona voted to become a sovereign independent state against Spain’s wishes. Spanish stocks dropped sharply after the independence… Read More