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10th September 2020

Ghana: Registrar-General deploys central beneficial ownership register for the extractives and other high risk sectors

Register-General Jemima Oware has announced the deployment of a new Central Beneficial Ownership Register for all companies operating in the country. “We will start with the extractive industry and other high risk sectors like banks and other financial institutions,” she noted. According to her, a lack of information about who… Read More

10th September 2020

Monaco hunts oil-bribery whistleblower in EU

A whistleblower who exposed massive bribery at a Monaco-based oil firm is now being hunted in Europe, in a test of its extradition system. Jonathan Taylor, back in 2013, revealed that his former employer, SBM Offshore, had routinely paid bribes to foreign governments, for instance in Angola, Brazil, and Equatorial… Read More

9th September 2020

Nigeria’s Malabu Oil Scandal: FG Re-Arraigns Aliyu Abubakar On 67-Counts Charge

The Federal Government on Tuesday re-arraigned an oil magnate, Aliyu Abubakar, and seven others on a 67-count criminal charge over their alleged involvement in the disputed Oil Processing License (OPL) 245 otherwise known as Malabu Oil. Abubakar was in July arraigned on a 48-count criminal charge bordering on money laundering,… Read More

8th September 2020

Malta gets another downgrade at crucial juncture for financial services industry

Malta’s lucrative financial services industry and its international ranking has suffered another blow as the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has downgraded the island’s standing to “partially compliant”. This downgrade ranks Malta as one of the countries with the lowest standards in the… Read More

8th September 2020

How to run a criminal network in a pandemic

“Promo Offer!” flashed up the advertisement on a Scottish vendor’s WhatsApp story, offering a discount on your next purchase if you referred five more customers. The updated price list offered further discounts for bulk buys. There was also a reminder to get orders in early, as, because of lockdown restrictions,… Read More

8th September 2020

Kenyan Governor Muthomi Njuki surrenders to EACC

Tharaka Nithi Governor Muthomi Njuki Monday surrendered to the Ethics and Anti-Corruption Commission ahead of his planned arraignment. The governor surrendered at the commission’s Integrity House headquarters, Nairobi, for processing and possible arraignment, officials said. Njuki and his wife are among ten people expected to be charged this morning with… Read More

1st September 2020

Covid corruption is rife in South Africa as confidence is washed away

Two new words have entered the South African lexicon — “plundemic” and “covidpreneur” capture a cynical response to the coronavirus emergency. A more vivid label for the allegations of sleaze linked to the procurement of emergency supplies by President Ramaphosa’s government came from the director-general of the World Health Organisation. Read More

31st August 2020

Switzerland freezes Angolan tycoon’s $900 million fortune

Swiss authorities have frozen nearly $900 million belonging to an Angolan business executive with ties to successive presidential regimes, according to newly released court documents. Switzerland’s public prosecutors froze seven accounts of Carlos Manuel de São Vicente and family members in December 2018 on suspicions of money laundering, according… Read More

31st August 2020

Stop the Illegal Wildlife Trade: How pangolins became the ultimate luxury good

How would you spend £340 ($450)? It’s a lot of money – enough for a haute couture purse from Yves Saint Laurent. It is also the market rate for a kilogram of scales from the world’s most trafficked animal. The story of how the trade of pangolin scales… Read More

27th August 2020

Zimbabwe’s Econet Curbs Mobile-Money Transactions on Regulator’s Order

Econet Wireless Ltd. is imposing restrictions that limit the size and range of transactions on its mobile-money platform to comply with an order from the Reserve Bank of Zimbabwe. The central bank is seeking to curb foreign-exchange trading in the black market that it blames for weakening the local currency. Read More

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