Hong Kong: Disclosure rules won’t slow money-laundering wheels
3rd April 2017
Hong Kong: Disclosure rules won’t slow money-laundering wheels
Effective immediately, [HSBC] retail customers must disclose how their accounts are used, in addition to providing their address, contact details, employment and income history, to qualify for an HSBC account… Global banks … have been stepping up their financial control systems to comply with US and European regulations… Read More
Sanctions have failed to stop North Korea’s nuclear program, U.N. report says
7th March 2017
Sanctions have failed to stop North Korea’s nuclear program, U.N. report says
International sanctions on North Korea have largely failed to curb the country’s expansion of its military and nuclear program or significantly decrease revenues it earns from exports of arms and minerals, according to a comprehensive sanctions report by the United Nations. Read More
UN report shows North Korea using Africa to slip sanctions
6th March 2017
UN report shows North Korea using Africa to slip sanctions
North Korean weapons barred by U.N. sanctions ended up in the hands of U.N. peacekeepers in Africa, a confidential report says. Read More
U.N. to vote Tuesday on Syria sanctions despite Russia veto pledge
28th February 2017
U.N. to vote Tuesday on Syria sanctions despite Russia veto pledge
The U.N. Security Council is set to vote on Tuesday on a bid by Western powers to ban the supply of helicopters to the Syrian government and to blacklist Syrian military commanders over accusations of toxic gas attacks, despite a pledge by Russia to veto the move. Read More
Security Council to vote on Syria sanctions
24th February 2017
Security Council to vote on Syria sanctions
Security Council likely to vote on resolution sanctioning Syrian officials over chemical weapons attacks as early as next week. Read More
Fueled by bribes, Somalia’s election seen as milestone of corruption
7th February 2017
Fueled by bribes, Somalia’s election seen as milestone of corruption
Somalia — Politicians have been peeling off wads of hundred dollar bills to buy votes. Others have shown up for parliamentary races standing next to a political nobody who was bribed or coerced into running against them, to make the race look fair. In one case, the mysterious candidate was the politician’s maid. Read More
World Bank downgrades India’s growth forecast after demonetisation
12th January 2017
World Bank downgrades India’s growth forecast after demonetisation
Financial institution blames recall of 1,000 and 500 rupee notes for ‘still robust’ lower rating, down 0.6% on earlier prediction. Read More
US: Ban Ki-moon’s brother and nephew charged with bribery
11th January 2017
US: Ban Ki-moon’s brother and nephew charged with bribery
US prosecutors have charged relatives of former UN Secretary General Ban Ki-moon with conspiracy to bribe a government official. Read More
Gambia election crisis: Jammeh risks sanctions, UN envoy says
15th December 2016
Gambia election crisis: Jammeh risks sanctions, UN envoy says
Gambian President Yahya Jammeh will be "strongly sanctioned" if he tries to stay in power, the UN's regional envoy, Mohammed Ibn Chambas, has said. Read More
India: corruption and black money – Changes to anti-graft bill run contrary to SC judgments, UN Convention
15th November 2016
India: corruption and black money – Changes to anti-graft bill run contrary to SC judgments, UN Convention
The long standing tussle on the issue of protection of central government officials from investigating agencies, between the Supreme Court and successive central governments is likely to be renewed with the central government’s recent approval of the changes proposed in the Prevention of Corruption (Amendment) Bill, 2013. Read More
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