AML: A Shocking $8.14 billion of fines handed out in 2019
By thefintechtimes January 15, 2020
A shocking $8.14 billion of fines for AML handed out in 2019, with USA and UK leading the charge.
Lives are lost, forests and oceans are pillaged beyond the point of replenishment, animals are slaughtered, women, men, girls and boys are held in situations of violent abuse and exploitation. Customs officials receive bribes to turn their backs to a shipment of drugs. Police officers and...Read the rest of this topic
A Lambo, and other luxury cars seized during former eTekwini mayor - Zandile Gumede and Co raid
News24 Wire and Citizen reporter
Numerous luxury cars have been seized, with their value adding up to several million rand.
The Amaoti home of former eThekwini Mayor Zandile Gumede and luxury ...
Proceeds of any criminal activity will be forfeited to the State, says Eswatini Prime Minister
Also present at the signing ceremony was UN Resident Coordinator, Nathalie Ndongo-Seh at a previous meeting with government one of the discussed issues
Ministry of Justice and Constitutional Affairs
Ministry of Finance
Eswatini Royal Police Service
Eswatini Revenue Authority
D...Read the rest of this topic
UNODC continues to strengthen cooperation in countering illicit financial flows in Southern Africa
Delegates at a Regional Workshop held in Dar es
UNODC has launched a series of capacity building workshops through its project " Countering Illicit Financial Flows by ...
High prices are luring Africans into prospecting for gold. But huge volumes are smuggled out through the Middle East.
Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United ...Read the rest of this topic
Suspicious transactions increase by 97% in 2019
Aug 02, 2019 Lawson Chad
According to Bank of Namibia “Money Laundering is the process whereby
criminals convert the proceeds of crime (such as money, property, shares, etc.)
into assets that appear to have a legitimate origin.”
Believed to be ...
Dark web dealer laundered millions by buying 100 quadrillion old Zimbabwe bank notes
Zimbabwe Cracks Down on Corruption, Tourism Minister Arrested
News provided by
Jul 26, 2019, 02:00 ET
HARARE, Zimbabwe, July 26, 2019 Zimbabwe's Minister of Environment, Tourism and Hospitality, Prisca Mupfumira, was ...Read the rest of this topic