Financial markets
Nigeria's delisting from the grey list of the Financial Action Task Force (FATF) by the international anti-money laundering and counter-terrorism financing watchdog is expected to boost investor confidence and make cross-border transactions easier, according to experts. The move comes after years of efforts by the Nigerian government to
Fraud
Unit21, a global risk and compliance technology leader, has launched the AI Rule Recommendation Agent, a groundbreaking capability that merges machine learning with rule-based systems to provide risk and compliance teams with a more efficient and effective way to combat fraud and money laundering. By re-engineering how detection rules are
Economic conditions
The Financial Action Task Force (FATF) has officially removed South Africa from its grey list, a move that has brought much-needed relief to the country's economy. South Africa was placed on the list in February 2023 after the FATF identified weaknesses in its laws and systems to combat
Money laundering
Following its placement on the Financial Action Task Force (FATF) greylist in February 2023, South Africa has successfully implemented key reforms to combat money laundering and the financing of terrorism. The decision to delist the country was taken at the conclusion of FATF Plenary meetings in Paris, France, from 22-24
Cabinet officials
South Africa has finally been taken off the Financial Action Task Force (FATF) grey list, marking the end of nearly two years of intense scrutiny. The decision follows an on-site evaluation in August where Deputy Finance Minister Dr. David Masondo and Deputy Minister of Justice and Constitutional Development Andries Nel
Bribery
Malta's former Joseph Muscat fixer, Keith Schembri, has been largely absent from public view since his resignation in 2019 amidst the Labour government's scandalous crisis. However, last week, he broke his silence on Ricky Caruana's podcast, where he fished for sympathy and shed light
Ethics
The announcement of Donald Trump granting a presidential pardon to Changpeng Zhao, the founder of Binance, has sparked controversy over potential conflicts of interest. Zhao had served nearly four months in prison for Binance's failure to implement proper anti-money laundering controls, which enabled criminals and sanctioned entities to
Money laundering
Joe Lonsdale, a close supporter and ally of President Trump, has publicly criticized the pardon of Changpeng "CZ" Zhao, the billionaire founder of Binance, who was convicted of violating anti-money laundering laws. Lonsdale's statements highlight growing discontent within the Trump administration, with some questioning the motivations
Fraud
As news of the arrests of an NBA coach and player broke, ESPN's morning show "Get Up" struggled to find its footing, highlighted by a promotional ad for the network's sportsbook, ESPN Bet. The awkward handling of the scandal reflects the broader issue of
Money laundering
Donald Trump has exercised his constitutional authority by issuing a pardon for Binance founder Changpeng Zhao, who was prosecuted by the Biden Administration for enabling money laundering as the head of the cryptocurrency exchange. The pardon is seen as a move to appease the crypto industry, which has faced increased
Money laundering
Donald Trump has exercised his constitutional authority by issuing a pardon for Binance founder Changpeng Zhao, who was prosecuted by the Biden Administration for enabling money laundering as the head of the cryptocurrency exchange. The pardon is seen as a move to appease the crypto industry, which has faced increased
Fraud
The head coach of the Portland Trail Blazers and a player for the Miami Heat were arrested Thursday along with more than 30 other people in a takedown of two sprawling gambling operations that authorities said leaked inside information about NBA athletes and rigged poker games backed by Mafia families.
