18th September 2019
AP — Jailed media magnate Nabil Karoui and independent law professor Kais Saied will advance to Tunisia’s presidential runoff, sending the North African nation’s young democracy into an unprecedented electoral battle. Tunisia’s electoral commission said Tuesday the two candidates came out on top of the 26 running in… Read More
16th September 2019
Belgian police are investigating allegations of corruption and money-laundering against Didier Reynders, the country’s foreign minister and the nominee to be the EU’s next justice commissioner. Reynders has denied the accusations which, according to De Tijd newspaper, relate to the construction of the Belgian embassy building in Kinshasa, the… Read More
13th September 2019
The tiny republic of San Marino has confiscated €19 million (£17 million) stashed in its banks by one of Africa’s longest-serving leaders. The money was allegedly deposited by Denis Sassou Nguesso, the president of the Republic of Congo, the former French colony also known as Congo-Brazzaville. The seizure of the… Read More
12th September 2019
Media magnate Nabil Karoui’s run for president was testing the rules of Tunisia’s young democracy even before he was put in custody last month charged with tax fraud and money laundering. As his unlicensed news channel broadcasts footage of him doling out aid to the poor, Karoui, 56, is campaigning… Read More
11th September 2019
The US Department of Justice announced Tuesday that 281 people were arrested in a global crackdown on wire transfer scams. Over a four-month period, “Operation reWired” was aimed at stopping so-called business email compromise (BEC) schemes, which are “designed to intercept and hijack wire transfers from businesses and individuals,” the Justice Department said. The… Read More
10th September 2019
Efforts by the Bank of Central African States (BEAC) to tackle money laundering and restock woefully thin foreign exchange reserves are causing dire currency shortages and delays to transactions across the six-nation currency union, businesses say. New BEAC rules introduced in June are aimed at bringing order to a monetary… Read More
5th September 2019
An international hunt for millions in cash stolen from an art specialist in New York has found its way into a Maltese court, knocking on the door of auditor Joseph Sammut and his Libyan networks. Sammut, a one-time treasurer for the Labour Party, is already in court facing… Read More
3rd September 2019
A former Goldman Sachs banker who helped a corrupt Nigerian politician hide a fortune in offshore accounts has been ordered to pay back £7.3m or face 10 years more in jail. Ellias Preko, 60, used his ‘gold-plated credentials’ to launder at least £3m plundered by James Ibori, the former governor… Read More
2nd September 2019
Omar al-Bashir, Sudan’s former president, has told a court that he received $25m from Saudi Arabia’s powerful crown prince. The 75-year-old, who was toppled in April in the wake of mass protests against his three-decade rule, made the statement on Saturday after a judge formally charged him with illicit… Read More
26th August 2019
Tunisian police arrested presidential candidate Nabil Karoui on Friday after a court ordered his detention, the Interior Ministry said, in a case involving charges of money laundering but which Karoui’s party said was a politically motivated attempt to exclude him from the election race. Karoui’s own Nessma TV channel reported… Read More