A dedicated online platform to support East African prosecutors’ investigations, enforcement and cooperation to crack down on wildlife crime has been launched by the East Africa Association of Prosecutors (EAAP). The launch comes amidst growing recognition that criminals frequently use… Read More ›
Yachts, private jets, horses, cars, jewellery, high-end watches and art are amongst the assets traded to enable kleptocrats, criminals, sanctions evaders and corrupt government officials to execute global money laundering schemes according to a new report published by Global Financial… Read More ›
Haiti, Malta, Philippines and South Sudan have been added to the Financial Action Task Force (FATF) list of jurisdictions under increased monitoring the task force announced at the end of its plenary session on 25 June. Ghana is the only… Read More ›
Penalties and fines of up to 100,000 dirhams (AED100,000 – US$27,223) are in the offing for UAE-based companies that fail to comply with reporting beneficial ownership information under new regulations that take effect on 1 July. The UAE has already… Read More ›
There is a serious need to improve the effectiveness of states’ action against money laundering and terrorist financing according to the Council of Europe’s anti-money laundering and counter financing of terrorism (AML/CFT) body Moneyval in its recently released Annual Report… Read More ›
Serious concerns linger over the new Colombo Port City Law passed by the Sri Lanka parliament at the end of last month. Transparency International Sri Lanka (TISL) was one of the petitioners that had challenged the new law. One of… Read More ›
The UK’s Serious Fraud Office (SFO) has admitted it is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business of companies within the Gupta Family Group Alliance (GFG), including its financing… Read More ›
Bahrain is to prosecute Iran’s most prominent financial institutions on charges related to money laundering of US$1.3 billion via the now defunct Bahrain-based Future Bank. This is the largest such case in the Gulf state’s history. Prosecutors say Future Bank… Read More ›