6th July 2016
A bill that calls for casinos to be covered by the Anti-Money Laundering Act of 2001 has been submitted to the Philippine House of Representatives, local media reported. The proposed legislation came as a response to President Rodrigo Duterte’s recently announced campaign for strengthening the country’s anti-money laundering prevention and… Read More
6th July 2016
The Securities and Exchange Commission (SEC) issued landmark transparency rules on June 27 requiring oil, gas and mining companies listed on U.S. stock exchanges to disclose all payments they make to the U.S. and foreign governments. Under the new rules, companies and their subsidiaries are required to file annual reports starting… Read More
6th July 2016
The National Anti-Corruption Forum (NACF) has failed to convene a single meeting in four years, the DA said on Tuesday. “This dereliction is indicative of the ANC government’s hollow commitment to fighting corruption in the public service and elsewhere,” DA shadow minister of public service and administration Annette Lovemore said. Read More
6th July 2016
“Corruption” by former state revenue minister Eknath Khadse will be on the “top priority” of Congress to corner BJP-led government in upcoming session of state Legislature with the party forming a 15-member panel of legislators to chalk out the strategy to be adopted on the floor of both Houses. The… Read More
5th July 2016
Mark Carney pledged to shore up financial stability as he warned that the risks from Britain’s decision to leave the European Union have started to crystallize. “There is the prospect of a material slowing of the economy,” the Bank of England governor said at a press briefing in London on… Read More
5th July 2016
The European Central Bank unveiled a new 50 euro banknote on Tuesday to replace its most widely counterfeited bill and reaffirm its commitment to the use of cash. The new bill will go into circulation in April 2017 with vending, ticketing and other machines accepting it from day one. Each… Read More
5th July 2016
UBS said on Tuesday that it had been ordered by the Swiss Federal Tax Administration to share account information regarding current and former clients with the tax authorities in France. It is the latest development in a continuing effort by the tax… Read More
5th July 2016
£ – Two blocks from the White House, in a century-old stone building once owned by Lehman Brothers, federal prosecutors are probing the activities of Goldman Sachs in Malaysia. Department of Justice officials are investigating whether the Wall Street bank violated the Bank Secrecy Act in its handling of the proceeds… Read More
5th July 2016
Three former Barclays Plc traders were found guilty of working together to rig Libor, the benchmark tied to trillions of securities. Jonathan Mathew, Jay Merchant and Alex Pabon, were found guilty of manipulating Libor. The jury was unable to reach a verdict on two others, Stylianos Contogoulas and Ryan Reich. The trial, which… Read More
5th July 2016
Nigeria’s central bank replaced almost all Skye Bank Plc’s board for repeatedly failing to meet minimum thresholds on liquidity and capital adequacy ratios. Chief Executive Officer Timothy Oguntayo and three of the bank’s eight other executives resigned, along with Chairman Olatunde Ayeni and seven other non-executives, Governor Godwin Emefiele told reporters… Read More