by KEMMAN | Jan 23, 2022 | Connivance, Corruption, Current Affairs, deceipt, Deception, Financial Crime, Fraud, governance, money laundering, Terrorism, Terrorism Financing
I shared earlier that Zambia Police Force used to handle cases of bribery and corruption in Zambia before 1980. The Zambia Police Force then (now Zambia Police Service -ZPS) was deemed not able to adequately deal with corruption offenses. In 1980, a bill in parliament...
by KEMMAN | Nov 28, 2020 | Connivance, Fraud, money laundering, Terrorism, Terrorism Financing
Italy has the Mafias. China has the Triads. Zambia has the Jerabos. Japan has the Yakuza. Yakuza, also known as gokudō, are members of transnational organized crime syndicates originating in Japan. The Japanese police, and media by request of the police, call them...
by KEMMAN | Nov 26, 2020 | Financial Crime, Project Eligo, Terrorism Financing
In January 2014 Australia’s biggest money-laundering investigations, Project Eligo seized AUD5.7million (USD5.3million) in cash from a location in Sydney. Investigators believe that money was being laundered through centers in the Middle East and Asia using techniques...
by KEMMAN | Nov 22, 2020 | Compliance, Financial Crime, Terrorism, Terrorism Financing
Banks in Sudanese have started moves to re-establish relations with foreign banks as the United States (US) prepares to remove Sudan from its state sponsor of terrorism (SSOT) list. Bankers and analysts say the process will likely be slow. Restoring international...
by KEMMAN | Nov 21, 2020 | Compliance, Corruption, Financial Crime, money laundering, Terrorism, Terrorism Financing
The late Pablo Escobar, famous for the wrong reasons, was regarded as the richest and most successful criminal in world history. In 1989, Forbes magazine declared Escobar as the seventh (7th) richest man in the world. He had an estimated personal fortune of US$9...
by KEMMAN | Nov 20, 2020 | Compliance, Corruption, Financial Crime, money laundering, Terrorism, Terrorism Financing
The regulatory landscape of Know Your Customer (KYC) Policies and Customer Due Diligence (CDD) requirements and expectations for Financial Institutions like Banks, Brokers, FinTech and Insurance Companies are always a moving target. In another write-ups I alluded to...
