Kenya: Govt Hunts for Cash Launderers

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All Africa Kenya was on the high-risk money laundering destination list until last year. Interim Director Asset Recovery Muthoni Kimani said Kenya was removed from the list in 2014, after she met the general requirements and standards of anti-money laundering. Kimani made the revelations as she warned lawyers to be cautious to avoid being used […]

Vatican money-laundering investigations ‘must show results’

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BBC News World The Vatican must “deliver real results” from its investigations into money-laundering, the Council of Europe’s financial agency has said. In its latest report, Moneyval said the Vatican had improved its financial management and its bank had shut down almost 5,000 suspicious accounts. Vatican prosecutors had frozen about €11m ($12m;£8m) and 29 money-laundering […]

How U.S. will help Nigeria recover loot, fight corruption – Presidency

Posted Leave a commentPosted in Reports The United States government has agreed to assist Nigeria recover all identified ill-gotten wealth within the U.S., and from other nations where it has jurisdiction, the Nigerian presidency said Tuesday. The American government will also train Nigerian judicial staff and prosecutors as part of efforts to tackle corruption in Nigeria. The assurances emerged from […]

India to sign agreements with S’pore, UAE and Hong Kong for info on illegal bank a/c

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Economictimes Indiatimes NEW DELHI: India is close to signing collaborative jurisdictional agreements with three countries – Singapore, the United Arab Emirates and Hong Kong – for dealing with challenges related to the siphoning of black money, said the Central Board of Direct Taxation (CBDT). A spokesperson of the CBDT told ANI in an e-mail interview […]