Managers of Wealth Africa

Money laundering posing challenge to banking

The Bank of Ghana has stated that money laundering and terrorist financing have become a herculean challenge in the country’s economy, particularly in the banking sector.

FCA fines bank for anti-money laundering failures

The Financial Conduct Authority has fined Guaranty Trust Bank (UK) Ltd (GT Bank) £525,000 for failings in its anti-money laundering (AML) controls for high risk customers between May 2008 and June 2010.

Tier-1 banks’ gross earnings cross N200b mark

Tier-1 banks last year recorded gross earnings in excess of N200billion

Nigeria: SEC to Develop Whistle Blowing Mechanism

The Securities and Exchange Commission, SEC, is on the verge of developing a whistle blowing mechanism that would further guarantee investors' confidence in the capital market.

BlackRock wants clarity on regulatory framework in SA

The world’s largest asset manager, BlackRock remains committed to expanding its business in South Africa despite the recent market sell-off.

EAC to Harmonise Insurance Regulations

East African Community states are in talks to determine how the common market will be implemented in the insurance industry.

Sierra Leonean selected to review South Africa KPMG

A Sierra Leonean, Claudius Williams-Tucker has been selected by an accounting firm KPMG as Lead Reviewer of the South African KPMG practice which is the biggest practice in Africa.

Global ETF regulation proposed

The International Organisation of Securities Commission (IOSCO) has issued a report outlining how it wants exchange traded investment vehicles regulated globally.

Strate seeks clarity on new securities requirements

SOUTH Africa’s central securities depositary, Strate, which is under pressure from data vendors to continue supplying shareholder information, has requested the Financial Services Board (

Former CEO Accuses Naushad Merali Of Breaking Kenya Central Bank Rule

Mr Peter Harris has accused the majority shareholder Naushad Merali, of breaking a Central Bank of Kenya (CBK) rules on good governance independence.

Less political risk and improved market liquidity are priorities for investors in the Middle East and North Africa

The survey of 90 institutional investors across 12 countries in the MENA region highlights continuing concerns over political uncertainty, and they are keen to see continuing market liberalisation.

Regulation Schregulation by Phil Banas

The global wealth management industry is increasingly focused on complying with the torrent of new regulations pouring forth from hyper-active legislators and hitherto light-touch regulators.

Opportunity springs from financial crisis

The wave of banking and capital market reforms introduced following the financial crisis is creating fundamental changes in the global banking industry.

Global Investment Management Industry Continues To Face A Regulatory Avalanche Of Disparate Rules: KPMG Report

Observers, however, are beginning to see some consistency regarding the implementation of new regulations across the globe, with the U.S. and Europe setting the bar and Asia catching up.

Egypt sees tougher banking regulation by April

Implementation of Basel II capital regulations will force banks to hold larger amounts of capital to protect against risk

10 Resolutions Bank Marketers Can’t Ignore in 2012

The biggest impact of all of this noise was that attention was diverted from what should have been accomplished in 2011. As

Regulation,Tax & Compliance