Press release: $1.6 trillion lost in illicit fund in 2006

Dr Abdullahi Shehu, GIABA's Director-General

Source: Globalnewsreel.com

It is asserted that developing countries lost about US$858.6 billion - $1.6 trillion in illicit financial flows in year 2006, a situation that became necessary to fight the menace of money laundering towards promoting democracy, good governance, as well as international peace and security.

Ghana: National security deputy, 3 others arrested over tax malpractices

The deputy director of the National Security and three other officers of the Custom Excise and Preventive Division of the Ghana Revenue Authority at the Tema port have been arrested in connection with some tax malpractices against the state.

Cabinet approves anti-terrorism amendment law

Mr Ibrahim Murtala Mohammed, a Deputy Minister of Information and Media Relations, on Monday said Cabinet had approved the Anti-Terrorism Amendment Act and forwarded it to Parliament for subsequent approval.