Kenya, Uganda and Tanzania are among the countries in east Africa where international lenders have cut-off correspondent banking relationships for
Mobile money providers like M-Pesa have disrupted traditional financial systems in many countries in ways conventional banks could only dream of.
Between “Baba Go Slow” and “the Bulldozer”: wrestling with corruption, poverty and business in Nigeria and Tanzania
Human and economic development in Nigeria and Tanzania have each been constrained by systemic corruption. In 2015, each country elected a president who campaigned on an anti-corruption manifesto. How successful have they been in fighting corruption – and why should businesses care anyway? Vivian Jones, Senior Associate in the global Fraud & Investigations Group of Eversheds, examines the two presidents’ styles and achievements to date.
Payments to non-existent employees had been costing the government more than $2m (£1.4m) a month, according to the prime minister’s office.
A gambling firm which failed to conduct important anti-money laundering checks on a customer whose deposits eventually reached £750,000 has been fined £2 million by the Gambling Commission. The watchdog said 32Red should have reviewed the ...
Sanctions, whether targeted or comprehensive, are designed to restrict and influence governments from supporting bad actors. Yet with every expansion to these programs, sanctioned entities appear bolder in their efforts and creativity to evade. In 2017, OFAC ...
The dramatic events surrounding the fraudulent transfer of hundreds of millions of dollars from Angola to London involving top British banks have the elements of a gripping movie. There’s news of VIP meetings, midnight flights on ...
The former chief executive of the failed Anglo Irish Bank, David Drumm, was sentenced on Wednesday to six years in prison for false accounting and for conspiring to defraud depositors and investors during Ireland’s banking ...
Denmark’s new business minister has signalled he will take a tough line on the country’s largest lender Danske Bank, describing
The European Union’s banking watchdog has proposed tighter rules for lenders that want to outsource essential operations such as IT,
Former tennis champion Boris Becker said on Sunday he has a genuine diplomatic passport from the Central African Republic after
AP — Hey Alexa, what’s my bank account balance? Big banks and financial companies have started to offer banking through