09/03/2020
Private Bank Freezes Angolan Money
Geneva's prosecutor is pursuing an Angolan businessman suspected of money laundering. Banque Syz has frozen hundreds of millions as a result of the investigation.
Legal
09/03/2020
Mauritius: High Risk or Best in Class?
The MER highlighted that although there had been significant reforms since the last evaluation a decade ago, shortcomings were observed relating to technical compliance, and a low level of effectiveness was achieved.
09/02/2020
Islamic bank in Mauritius loses licence over 1MDB link
On Monday, BOM revoked Century Bank’s licence with immediate effect.
08/31/2020
Switzerland freezes Angolan tycoon’s $900 million fortune
Carlos Manuel de São Vicente, the former CEO of a company with a lucrative government monopoly to insure Angola’s oil sector, had his bank accounts frozen on suspicions of money laundering.
08/28/2020
New agency signals deeper forfeitures of dirty public cash
Mr Sostenah Ogero Taracha lost Sh18 million. EACC was investigating his wife- Dr Salome Munubi, who worked with National Land Commission (NLC) when it stumbled on the cash and he failed to satisfactorily explain how he made the money.
08/27/2020
Experian pursuing charges against data breach perpetrator
After the personal information of as many as 24 million South Africans and almost 800 000 businesses was exposed.
08/27/2020
Proposed law to nationalise South Africa’s Reserve Bank back in the spotlight
The private shareholders through acquired shares, in terms of the South African Reserve Bank Act, have some role to play in the governance of the South African Reserve Bank, including the election of the directors, and receive dividends from the bank&
08/25/2020
Arrest Kofi Wampa And Others For Banking Scandal -Kennedy Agyapong
The Bank of Ghana revoked the licenses of 386 insolvent microfinance and microcredit companies.
08/23/2020
The pastor, the politician and the pension funds
The money is for the pensions of more than 2 million people in the electrical, metals and engineering sectors and for municipal workers.
08/21/2020
Arrest BoG officials who supervised banking rot – Ken Agyapong
The current leadership of the central bank assured Ghanaians that the remaining banks remain resilient.
08/20/2020
S.African fraudster tricks credit bureau Experian into handing over data
It said it had notified the relevant authorities and engaged with industry bodies over the incident, though it added “no consumer credit or consumer financial information was obtained”.
08/20/2020
South Africa investigates COVID-linked corruption of $290 million
In a presentation to a parliamentary committee, Andy Mothibi, head of the SIU, which investigates allegations against public sector figures or institutions.
08/20/2020
Money laundering claims involving Bridgette Radebe and Botswana former president 'utter fallacy'
The case was postponed this Monday for further investigation.
08/20/2020
S.African fraudster tricks credit bureau Experian into handing over data
Experian’s statement did not say what it meant by hardware nor who had impounded it, though it said it was working with law enforcement.
08/19/2020
Nigeria pursues appeal in landmark P&ID arbitration case
In addition to the proceedings raised before the High Court, Nigeria is involved in proceedings in the US where it has applied for disclosure of documents from 10 banks which it says will help prove its fraud and corruption claims
08/17/2020
Malabu: Adoke demands damages from Malami in London Court
Although it was not immediately clear if the order of the English Court might have effect on Adoke’s trial in Nigeria, the law allows domestication of a foreign court order or judgment.
08/14/2020
Namibia: Judgement Reserved in N$1bn SME Bank Lawsuit
In addition, they seek an order that will compel the minority shareholders Metropolitan Bank of Zimbabwe Limited and World Eagle Investments to pay an amount of N$121.4 million and N$20.2 million respectively for the outstanding payment on their sharehold
08/09/2020
Government moving to hold onto South Africans’ retirement funds – legal expert
One of the biggest reasons for the formalisation of non-resident status with SARS and SARB was due to the punitive tax regime implemented by government on 1 March 2020
08/06/2020
Supreme Court turns down Jirongo's request in Sh50m fraud case
Mr Jirongo told the court that the evidence is credible and had officially been issued by the bank and the Registrar of Companies.
08/03/2020
The vindication of Akinwumi Adesina
The panel has absolved Adesina of any wrongdoing in respect of every single one of the 16 charges. I have read every line, sentence and syntax of the final report.