10/08/2018
The law requires all financial institutions including banks, insurance companies and Saccos to file with the Financial Reporting Centre (FRC) daily reports on transactions above Sh1 million and those deemed suspect.
10/04/2018
Over the past ten years, regulators across the US, Europe, APAC and the Middle East have levied nearly $26 billion dollars in financial penalties against financial institutions for AML/KYC and sanctions-related violations.
10/03/2018
This collaboration with Tadesse Kiros further increases Andersen Global’s footprint in Africa, making this the eighth country in the continent in which the international association has a presence.
10/03/2018
Ideally, where a taxpayer has been a participant to a potentially affected transaction, the taxpayer would ensure upfront that the potentially affected transaction has actually been concluded and implemented on an arm’s length basis.
10/02/2018
The report KPMG produced suggested that the unit was breaking the law by using illegal methods, and was therefore "rogue in nature".
10/01/2018
Hlumisa and Eyomhlaba accuse Abil and African Bank of authorising the publication of financial statements that were false and misleading between 2012 and 2014.
10/01/2018
The move allows the two organisations to collaborate in the areas of research, data sharing, analysis, and stakeholder engagement.
10/01/2018
This shift is credit positive in that it will contain systemic risks for the Nigerian banking system as a whole
10/01/2018
“We are good to go, even if the licence was to be granted today. We will simply switch on and start offering services to our clients.
09/28/2018
He said local bank heads owe a duty of care to the public not to abet or aid graft in public institutions
09/27/2018
They are being investigated
09/27/2018
Stanbic was fined N1.8 billion for its role in sending the money abroad
09/27/2018
The Watchdog understands that Ms Mwanakatwe failed to provide a satisfactory explanation to DBSA which is now pondering withdrawing funding and possibly recall its loans.
09/27/2018
Imperial Bank went into receivership in October 2015, but no solution has been found despite numerous promises in the recent past that the matter is nearing conclusion
09/24/2018
The National Bank of Commerce and Crane Bank owners have gone to court to recover their assets.
09/24/2018
Nigerian Stock Exchange suspends trading in Skye Bank shares
09/17/2018
Transparency campaigners in Britain often question the source of some of the wealth that keeps pouring into the country from abroad.
09/17/2018
Following the chorus of disapproval towards these services, MyBroadband reached out to major instant EFT providers for their perspective on the practice.
09/16/2018
Acting Sars commissioner Mark Kingon said that about 500 000 new companies were registered every year, and “the vast majority yield nothing”.
09/13/2018
Kenyan central bank fines five banks a total of $3.89 mln
The five banks are Standard Chartered Kenya, Equity, Diamond Trust, Co-operative Bank and KCB Group, the central bank said.