December 19, 2016/SEC The Securities and Exchange Commission (SEC) is working on MoU with the Economic and Financial Crimes Commission (EFCC) to provide an efficient and effective policing of the capital market. This was disclosed by the Director General of SEC Mounir Gwarzo when the Management of the Commission paid […]
Frauds & Scandals
South African cenbank says fines 2 banks over weak anti-laundering measures
December 15, 2016/Reuters South Africa’s central bank has imposed fines on the local branch of France’s Société Générale and Barclays Africa’s retail banking unit Absa over weaknesses in their measures to combat money laundering and the financing of terrorism, it said on Thursday. It however said the two banks, fined […]
IMF’s Lagarde on trial over French payout to tycoon
December 12, 2016/Reuters International Monetary Fund chief Christine Lagarde went on trial in Paris on Monday over her role in a 400 million euro ($424 million) payout of French taxpayer money to businessman Bernard Tapie in 2008. Lagarde, 60, was France’s finance minister in the government of then-president Nicolas Sarkozy […]
