Kenya hangs on to Sonko’s Sh500m
14th August 2020
Kenya hangs on to Sonko’s Sh500m
Nairobi Governor Mike Sonko has failed to persuade a court that he is broke and cannot even buy groceries for his family after his accounts were frozen. The governor had petitioned the Anti-Corruption Court as he sought access to Sh500 million stashed in accounts held by the State. Sonko, who… Read More
How a Notorious Arms Dealer Hijacked Niger’s Budget and Bought Weapons From Russia
7th August 2020
How a Notorious Arms Dealer Hijacked Niger’s Budget and Bought Weapons From Russia
By Mark Anderson, Khadija Sharife and Nathalie Prevost, OCCRP, 6 August 2020 OCCRP — As militant groups spread across the Sahel, the West African nation of Niger went on a U.S.-backed military spending spree that totaled about US$1 billion between 2011 and 2019. But almost a third of that money was… Read More
US Treasury Announces New Sanctions on Ally of Zimbabwe’s Mnangagwa
6th August 2020
US Treasury Announces New Sanctions on Ally of Zimbabwe’s Mnangagwa
The U.S. Treasury has imposed financial sanctions on an alleged Zimbabwean government ally who it says used corruption to rake in millions of U.S. dollars. Kudakwashe Regimond Tagwirei and his company, Sakunda Holdings, were targeted Wednesday by the Treasury Department. “Tagwirei and other Zimbabwean elites have derailed economic development and… Read More
Nigeria: former AGF pleads not guilty to money laundering charge
6th August 2020
Nigeria: former AGF pleads not guilty to money laundering charge
Mohammed Adoke, a former Attorney General of the Federation and Minister of Justice on Tuesday pleaded not guilty to the amended charges of money laundering filed against him by the Economic and Financial Crimes Commission (EFCC). Adoke, alongside Aliyu Abubakar who is an Abuja-based businessman are facing a seven-count charge… Read More
South African anti-corruption watchdog probes COVID-19 tenders
5th August 2020
South African anti-corruption watchdog probes COVID-19 tenders
South Africa’s anti-corruption watchdog said on Monday it was investigating irregularities in coronavirus-related tenders, the latest in a series of scandals that trade unions said showed the government’s failure to tackle graft. The probes by the Public Protector come soon after investigators launched separate inquiries into the procurement of personal… Read More
Where FATF crypto compliance gets interesting: Africa
4th August 2020
Where FATF crypto compliance gets interesting: Africa
Africa isn’t included on the virtual asset regulatory map just yet. But crypto businesses seeing strong growth across the 54-country continent are working hard on know-your-customer (KYC) rules to meet the exacting standards set out by the Financial Action Task Force (FATF). A broad range of entities operating in Africa,… Read More
The U.S. is a haven for money laundering. That might be about to change.
3rd August 2020
The U.S. is a haven for money laundering. That might be about to change.
The phrase “shell company” conjures images of offshore havens such as Panama or the British Virgin Islands, but one of the world’s leading enablers of financial secrecy is actually the United States. In every state, more personal details and proof of identity are required to get a library card… Read More
UK regulators tighten sanctions controls on maritime trade
30th July 2020
UK regulators tighten sanctions controls on maritime trade
The UK’s top sanctions regulator has issued landmark guidance for all companies involved in maritime trade, instructing them to pay closer attention to vessel behaviour, company structures and potentially forged documents. The Office of Financial Sanctions Implementation (OFSI) warns that “a variety of tactics are deployed to confuse or conceal… Read More
Blacklisted Russian Group’s Libya Oil Grab Fuels Tensions in Mideast
28th July 2020
Blacklisted Russian Group’s Libya Oil Grab Fuels Tensions in Mideast
Military contractors linked to the Kremlin have seized control of two of Libya’s largest oil facilities in recent weeks, heightening tensions between Russia and the U.S. over Moscow’s growing footprint in the turbulent North African nation. Since June, armed fighters from the Wagner Group, a Russian firm with ties to… Read More
European banking regulator to probe Luanda Leaks’ allegations
22nd July 2020
European banking regulator to probe Luanda Leaks’ allegations
The European Banking Authority will probe revelations contained in Luanda Leaks, an investigation led by the International Consortium of Investigative Journalists (ICIJ) into how billionaire businesswoman Isabel dos Santos made her fortune. Confirmation of the probe follows a demand by the European Parliament for the regulator to assess… Read More
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