US Senate reveals fraud at HSBC

HSBC provided a conduit in aiding "drug kingpins and rogue nations", according to a US Senate committee investigating money laundering claims at the bank.

GIABA sensitizes ECOWAS journalists on money laundering in Gambia

FROM: WILLIAM NANA YAW BEEKO, BANJUL, GAMBIA

The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) will hold a sensitization seminar on Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) for journalists from English-speaking countries of West Africa between Thursday 28 June and Friday 29 June, 2012 in Banjul, The Gambia.

Fighting economic and financial crimes under the rule of law

A book presentation on ‘Strategies and Techniques of Prosecuting Economic and Financial Crimes,’ in Abuja, Nigeria, by Abdullahi Shehu Yibaikwal, Director-General, the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA).

Ghana seeks to address money laundering deficiencies

By William Nana Yaw Beeko (Network Organizer)

After being downgraded by the international Financial Action Taskforce (FATF) in the crusade against Money Laundering (ML) and Financing Terrorism (FT) activities, Ghana is seeking to redeem its image through the implementation of a robust Anti-Money Laundering (AML) Counter Financing Terrorism (CFT) compliance measures.

Financial institutions tasked to frustrate efforts of money launderers

Source: Globalnewsreel.com

The Director-General of the Inter-governmental Action Group Against Money Laundering in West Africa (GIABA), Dr. Abdullahi Shehu, on Wednesday charged financial institutions to map out strategies aimed at frustrating the efforts of miscreants who misuse the financial system to accrue illegal wealth.

Philippines one of 66 nations for drug money laundering—US report

The Philippines has been named by the US Department of State as one of the 66 major drug money-laundering countries in the world.

209 reports of financial fraud

Money generated from illegal activities is recycled into economic activities such as the purchase of real estate - By Ali al Kasbi - MUSCAT — Col Mohsin bin Awadh al Muqaddam, Director of the Financial Investigation Unit at the Royal Oman Police (ROP), has said that 209 suspicious financial transactions were reported last year. Investigation into the reports led to the discovery of several money-laundering crimes, in addition to related crimes like swindling, forgery and violation of the financial law and other laws.