Search Results for: Nigeria

BY RICHARD HURST
IF there is one area of the world where a zealous anti-money laundering practitioner descend into the pits of despair, it would surely be west Africa, where there are a comprehensive lack of effective controls over the flow of money in and out of the region.…

BY RICHARD HURST
The Ivory Coast used to be a model of stability in west Africa, but the outbreak of civil war has done little to improve the country’s status in terms of money laundering, said an assessment by the US State Department.…

BY KEITH NUTHALL
THE GLOBAL Fund for the Fight Against AIDS, Tuberculosis and Malaria is giving US$26 million to west Africa’s Burkina Faso to boost its fight against HIV/AIDS and malaria; the money will be distributed by the United Nations Development Programme.…

BY KEITH NUTHALL
THE UNITED Nations (UN) has framed a new anti-corruption convention and its established convention against organised crime is now coming into force. Keith Nuthall examines what this will mean for businesses, banks and governments.

THE COMMERCIAL world is often doubtful about the value of international conventions fighting crime, but their texts do at least reflect a global consensus amongst concerned governments.…

BY KEITH NUTHALL
A UNITED Nations (UN) Convention against Transnational Organised Crime has come into force, imposing a duty on ratifying countries to outlaw membership of an organised criminal group, which it defines legally. So far, said the UN Office on Drugs and Crime (UNODC), 48 countries have ratified it, including Monaco, Nigeria, Serbia & Montenegro, Peru, Spain, Bosnia-Herzegovina, Canada, Philippines, Tajikistan, Albania, France, Argentina, Mexico, Turkey, China, Norway and Afghanistan.…

BY KEITH NUTHALL
THE INTERNATIONAL Primate Protection League has welcomed CITES secretary general Willem Wijnstekers’s call for prosecutions over the illegal sale of four young wild gorillas from Nigeria to Malaysia, via South Africa. League chairwoman Shirley McGreal told BBC Wildlife the intervention made court action “more likely,” although she has criticised the case’s handling.…

BY KEITH NUTHALL
THE REFORM of the world’s anti-money laundering campaign is continuing apace. Defying critics of its alliance with the World Bank and the International Monetary Fund, the Financial Action Task Force of the OECD has issued a revised set of its key 40 Recommendations to fight the crime.…

BY KEITH NUTHALL
MOVES to spread the wealth generated by the African oil industry amongst local populations have been debated at the 7th African Oil & Gas, Trade & Finance Conference, in Luanda, Angola. Co-organiser the UN Conference on Trade and Development (UNCTAD) promoted ways of transforming the industry “from its present status as a virtual enclave in which foreign companies absorb most of the gross revenue.”…

BY KEITH NUTHALL
MOVES to spread the wealth generated by the African oil industry amongst local populations have been debated at the 7th African Oil & Gas, Trade & Finance Conference, in Luanda, Angola. Co-organiser the UN Conference on Trade and Development (UNCTAD) promoted ways of transforming the industry “from its present status as a virtual enclave in which foreign companies absorb most of the gross revenue.”…

BY KEITH NUTHALL
A PHD in rocket science is not required to understand that corruption is a problem worldwide. But such a qualification – and more – would be required to devise an effective plan to fight this financial plague. The United Nations’ (UN) is drafting an international convention on corruption and asked a string of experts to write reports to illuminate some issues.…