insert_link Business / Economics Financial Intelligence Centre launches 2023/24 annual report The Financial Intelligence Centre which is mandated with combating money laundering, financing of terrorism, and proliferation launched the 2023/24 annual report in the capital on Wednesday. Speaking at the launch, FIC board chairperson, Charmaine van der Westhuizen says the FIC’s role is indispensable. The Financial Intelligence Centre achieved an unqualified audit opinion, with reserves increasing by 128% to N$44.3 million from N$19.3 million in the previous financial year. Total […] todayJune 26, 2024 18
World India’s lawmakers take oath without duo behind bars India's newly elected lawmakers took the oath of office Tuesday, but without two vocal government critics unable to take their seats because they are jailed on national security charges. One is the Sikh separatist Amritpal Singh, a firebrand preacher arrested last year after a month-long police manhunt in Punjab state. The other is Sheikh Abdul Rashid, a former state legislator in Indian-administered Kashmir, known popularly as […] todayJune 25, 2024 5
insert_link Africa Nigeria freezes over 300 suspected accounts to secure its foreign exchange market Nigeria's anti-graft agency, the Economic and Financial Crimes Commission, EFCC says it has frozen about 300 accounts to ensure the safety of its foreign exchange market. todayApril 24, 2024 11
insert_link South Africa South Africa’s former National Assembly speaker faces 12 counts of fraud and corruption The Pretoria Magistrate's Court granted former Speaker Nosiviwe Mapisa-Nqakula bail of 50 thousand rand. The case has been postponed to 4 June and a second accused will then be added to the case. The New York Times reports that Mapisa-Nqakula, 67, was charged in court on Thursday with 12 counts of corruption and one count of money laundering. She was accused of soliciting about 4.5 million rand in bribes and […] todayApril 4, 2024 9
insert_link Africa Africa begins licensing crypto as verified transactions hit US $117 billion By Conrad Onyango, bird story agency Regulators in Africa are taking steps to bring crypto entities under official oversight as treasuries seek to blunt fiscal risks amid a surge in demand for digital assets. Authorities in South Africa and Nigeria, the continent's most 'crypto-ready' countries, are leading the continent's efforts to place crypto dealers under a licensing regime to protect consumers against money laundering and terrorism-related risks. […] todayApril 2, 2024 8
insert_link Africa Kenya has tightened its laws to stop money laundering: why banks are the focus By Constance Gikonyo, University of Nairobi Kenya’s banking industry has in recent years been in the crosshairs of national, regional and international watchdogs, given the country’s role as a financial hub in eastern Africa. In 2023 Kenya enacted laws to curb money laundering and combat terrorism financing. While the laws have led to tougher sanctions on some banks, the risk of money laundering remains, and the country was […] todayMarch 28, 2024 8
insert_link Africa Kenya’s greylisting for weak action on money laundering and terrorism financing: what that means and what must happen next By Louis de Koker, La Trobe University Kenya and Namibia are the latest African countries to be placed on the Financial Action Task Force’s grey list over their weak measures against money laundering and terrorism financing. Being on the grey list is typically seen as an indictment of a country’s ability to identify and effectively redress financial crimes. It warns investors to be cautious in dealings with […] todayMarch 26, 2024 2
insert_link Namibia Greylisting is not a Death Sentence By Josef Kefas Sheehama It's crucial to remember that greylisting does not have to define Namibia's economy, even though it frequently makes people feel more anxious. Namibia can continue engaging in Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT). Namibia needs to make improvements to meet Financial Action Task Force (FATF) requirements in the areas of matter of concern. Our policymakers need to work together with FATF and get […] todayFebruary 27, 2024 19
insert_link Namibia Cryptocurrency suspects granted bail Five people accused in an alleged cryptocurrency scheme were each granted bail of N.dollars 20 000 in the Windhoek Magistrate’s Court on Tuesday. Tango Muulyau, Shi Zi Jun, Lin Shu Lin, Chen You Yi, and Carlos Alejandro are implicated in an alleged cryptocurrency scam involving the recruitment of young Namibians. The suspects face charges alongside Fan Jia, Guo Linzie, Haifeng Zheng, Li Zirian, Chen Wuyu, Neng Jun Wu, Wu […] todayDecember 21, 2023 53
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
