Managers of Wealth Africa

Kenya, Switzerland sign pact to return stolen wealth

The framework, which is in line with the United Nations Convention against Corruption, provides the principles to guide the recovery of stolen assets.

Central bank urges financial operators to diversify products

At present, we do not have many operators today that are pushing that form of insurance

FPI withdraws from running regulatory exams

Cites the need to tighten controls.

State Bank of Mauritius on spot for plotting to cover up Imperial Bank KSh 38 billion theft

In 2017, CBK had rejected the offer by SBM to help rescue Imperial Bank just after it was put under receivership.

OECD launches programme in Abidjan to support Côte d'Ivoire in implementing new international tax standards

A support programme for the implementation of the transparency and exchange of information standards for tax purposes was also launched, including a three-day on-site preparatory visit (from 4 to 6 July 2018) to Côte d'Ivoire's assessment

RBZ Governor: Zim Central Bank Open To Investigating Blockchain Solutions

I did not say cryptocurrencies because it is lower than blockchain

Kaduna govt lists 10 banks marked for closure over N2.3bn tax

Some of them supplied part of the information, others did not, so what we did was, we now called a meeting to reconcile our position with them.

How South Africa will tackle cryptocurrency regulation

As activity in cryptocurrency trading is increasing, so is the risk of exploiting these instruments for ambiguous or illegal purposes

Kenya’s Biggest Bank Says Ethiopia Is Ready for ‘Take-Off’

It might not have to wait much longer.

South African Central Bank Tested Bank-To-Bank Payments Using Cryptocurrency

The pilot project contained a variety of server types, including public cloud services from Microsoft Azure and Amazon Web Services.

Kenyan banks tighten the noose on transaction of over KSh 10 million

Transactions of between KSh 1 and 10 million will now be approved by branch managers

Mercantile Bank names top suitors

Solid institution up for sale only because Portuguese parent bank Caixa has been told to limit its overseas investments

After VAIDS comes Sanctions:

Tax evasion is a crime punishable upon conviction by imprisonment of up to 5 years, while the taxpayer is still liable to pay the tax due with interest and penalties.

Kenya Bankers Association tightens rules for high value transactions as war on graft hots up

CBK already has clear guidelines and regulations on Anti-Money Laundering and Counter Financing of Terrorism

FCMB’s UK Subsidiary Expands Banking Proposition

Our successful UK platform has proven to be of great importance to the Nigeria

FG boosts pension arrears with N22bn

The approval will enable the agency in charge of the disbursement, Pension Transitional Arrangement Directorate (PTAD) fill some gaps by paying those captured under the Defined Benefit Scheme (DBS) when the money is eventually released.

Rotich beats retreat in bid to launch new banking watchdog

The Financial Markets Conduct Bill the Finance ministry published last month proposes to create a regulator in addition to the Central Bank to deal with the conduct of lenders.

Credit crunch to stay as banks harden stance on loan security

The move will further hurt small enterprises and other humble borrowers.

Vaids - Lessons to Learn From Tax Amnesty

This estimate implies space for additional tax collection of 12 per cent of gross domestic product (GDP) since the current tax revenue-to-GDP is about six per cent.

Lagos Workers To Get Gratuity Three Months After Retirement Soon

Under the new regime, retirees will be paid their gratuity (lump sum) within three months after retirement.

Regulation,Tax & Compliance