17th August 2017
An estimated N400 billion, or the equivalent of $4.6 billion in purchasing power parity (PPP), representing 39% of the combined federal and state education budgets in 2016, is paid out as bribes to public officials in Nigeria annually, a new report released by the National Bureau of Statistics, in collaboration… Read More
2nd August 2017
Japan’s ambassador to the United Nations said Tuesday he hopes a draft U.N. resolution that would impose new sanctions against North Korea following its tests of an intercontinental ballistic missile will be finished “in days.” The United States and China said a week ago that they were making progress on… Read More
19th July 2017
Senator Francis Escudero. The Philippines may be saved from being blacklisted by the Financial Action Task Force (FATF) after President Rodrigo Duterte signed a law that puts casinos under the scope of the Anti-Money Laundering Council (AMLC), Senator Chiz Escudero said on Wednesday. “I would like to thank the President for… Read More
7th July 2017
As Prime Minister Narendra Modi and other world leaders debate the global economic and geopolitical scenario here at the G20 Summit, an international inter-governmental organisation has sought greater coordination among countries to tackle the menace of money laundering and terror financing. The Financial Action Task Force (FATF), which is tasked… Read More
6th July 2017
The Boston engineering company that paid $4 million last week to settle FCPA offenses in India was also sanctioned by the World Bank Thursday for failing to disclose a subcontract on a project in Vietnam. The World Bank “conditionally non-debarred” CDM Smith Inc. and its affiliates for one and a… Read More
6th July 2017
President Trump encouraged Egyptian President Abdel Fattah el-Sissi to uphold United Nations Security Council resolutions against North Korea and to stop welcoming North Korean guest workers in Egypt, the White House said on Wednesday. Trump called el-Sissi from Air Force One, where he and the first lady were en route… Read More
4th July 2017
Countries with a stake in resolving the North Korean nuclear standoff “cannot afford to wait” to engage in dialogue and should heed Chinese proposals for a compromise, Ambassador Liu Jieyi told a news conference Monday marking the start of China’s presidency of the Security Council for July. “We have never… Read More
15th June 2017
There are no apparent plans by Arab states to propose that names from their Qatar blacklist be subjected to United Nations sanctions, diplomats said on Wednesday, a likely difficult move that would need approval by the 15-member U.N. Security Council. Read More
13th June 2017
UNITED Nations resident coordinator Bishow Parajuli yesterday said the international agency had no role mediating in the diplomatic fallout between Harare and individual Western countries, especially with regard to the restrictive measures imposed against top government officials.  … Read More
6th June 2017
Zimbabwean President Robert Mugabe used an address on Monday at the opening of the first United Nations conference on oceans to call for an end to sanctions on his landlocked country so it can implement a series of global goals on sustainable development. The 93-year-old was among about nine leaders… Read More