Mexican state oil company Petroleos Mexicanos (Pemex) has cancelled three contracts with Vitol, the latest fallout from a U.S. bribery case involving the world’s largest independent energy trader. Three separate Pemex documents were seen by Reuters
The Central Bank of the UAE (CBUAE) on Monday issued new guidance on transaction monitoring and sanctions screening for its licensed financial institutions (LFIs). The guidance is effective as of Monday, September 13, and requires
A United Arab Emirates committee tasked with fighting money laundering has endorsed a regulatory framework for virtual assets, the Gulf state’s central bank said on Wednesday. The National Committee for Combating Money-Laundering and Financing of
Dubai has established a specialised court focused on combating money laundering, in a move to “strengthen the integrity of the financial system”, the emirate’s media office said on Sunday. The UAE, home to the Middle
Likud MK David Bitan was indicted Monday on multiple corruption charges, days after his lawyers informed Attorney General Avichai Mandelblit that he would not seek parliamentary immunity. State prosecutors last month announced that Bitan will
French prosecutors said Monday they are investigating claims that a Saudi prince kept seven employees in a state of modern-day slavery at an apartment he owned outside Paris. The inquiry for human trafficking was opened
A former Mexican governor told a U.S. court that he took bribes in Mexico adding up to more than $3.5 million and used the money to buy real estate in the United States, a federal
Workplace Relations and Safety Minister Michael Wood today released New Zealand’s Plan of Action against Forced Labour, People Trafficking and Slavery, which sets out the all-of-government approach to combating these crimes. Michael Wood said the
In an effort to combat money laundering and the financing of terrorism in the UAE, the Ministry of Economy has reminded businesses to register on the anti-money laundering system before March 31. Real estate agents,
The UAE’s Ministry of Economy has announced the list of violations and fines for money laundering and terrorism financing. The ministry has issued a list of 26 penalties. The violations pertain to the designated non-financial
Eleven banks in the UAE have been fined a total of 45,758,333 dirhams ($12.46 million) for failing to adequately comply with rules related to money laundering and the financing of terrorism and illegal organizations. The
South Africa’s scandal-tainted former president Jacob Zuma and French arms dealer Thales, accused of graft in a case going back more than two decades, will go on trial in May, the High Court ruled Tuesday.
