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19th October 2016
The UK Gambling Commission (UKGC) will this month make a number of amendments to its licence conditions and codes of practice (LCCP) in a move to help prevent gambling-related crime. Due to come into effect from October 31, changes include the requirement for all licensees to report criminal investigations they… Read More
19th October 2016
The absence of Justice Sule Hassan of a Federal High Court in Lagos, on Wednesday stalled the trial of a former Minister of Aviation, Femi Fani-Kayode, over money laundering. Fani-Kayode, who was also former Director of Media and Publicity, campaign committee of ex- President Goodluck Jonathan, is charged alongside a… Read More
19th October 2016
In a move that signals a wider crackdown on bond sales by Chinese property companies, Shanghai Stock Exchange has suspended bond raising applications from developers that would be disqualified from issuing corporate debt under new guidelines expected to be issued by the securities regulator, industry sources said. Some… Read More
19th October 2016
Ukraine has imposed sanctions against a number of Russian and Crimean companies involved in coal transportation, handling and sales. The corresponding decision is stipulated in the resolution of National Security and Defense Council dated September 16, 2016 and presidential decree No. 467/2016. “The basis for applying sanctions is the actions… Read More
19th October 2016
Over the past few years there has been a significant rise in the reporting of suspicious matters and suspect transactions in reference to financial crime in Australia, according to the latest research. The Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia’s anti-money laundering and counter-terrorism financing regulator, revealed that in… Read More
19th October 2016
South Korean prosecutors indicted the head of Lotte Group for alleged embezzlement and breach of fiduciary duty, escalating the crisis at the retail giant, after investigators conducted one of the country’s biggest corruption probes in years. Chairman Shin Dong-bin’s actions cost Lotte more than 175 billion won ($156 million), the prosecutors’… Read More
19th October 2016
The European Central Bank (ECB) has urged its members to impose tighter controls on the activities of companies that exchange virtual currencies or custody them for their clients. The comments come as the European Union moves toward extending the economic bloc’s anti-money laundering statutes to cover digital currency activities. At the… Read More
19th October 2016
The Government must use “the full weight of its influence” in order to stamp out corruption, money laundering and tax evasion which is having a disproportionate impact on the world’s poorest countries, MPs have concluded. In a report, by the International Development committee (IDC), it is also claimed that there… Read More
18th October 2016
The Angolan banks must adhere the rules and best practices applied internationally so that the country may not be put aside the international system, said on Monday the coordinating director of the Angolan Commercial Bank (BCA), Hernani Cambinda. Speaking to Angop during the opening speech of… Read More
18th October 2016
Peru’s President Pedro Pablo Kuczynski has launched a crackdown on corruption in the government, in the wake of allegations against a health adviser. The measures include one that would bar employees convicted of corruption from ever returning to a state job. A leaked tape appeared to show adviser Carlos… Read More