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Some changes have already been introduced since the money laundering ring was exposed, including laws making it easier for law enforcement to prosecute such offences and lowering the cash ...
The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF), [2] which named Nigeria as one of 23 countries non-cooperative in the international community's efforts to fight money laundering. [1] The agency has its head office in Abuja, Nigeria. The EFCC was also set up to ...
Under Singapore's Monetary Authority of Singapore (MAS) Notice 626 - Prevention of Money Laundering and Countering the Financing of terrorism (Banks), [18] PEPs are persons, either domestic or foreign, who are entrusted with prominent public functions. Prominent public functions includes the roles held by a head of state, a head of government ...
The Asia/Pacific Group on Money Laundering (APG) is a FATF-style regional inter-governmental (international) body, the members of which are committed to effectively implementing the international standards against money laundering (Anti–money laundering or AML), combating the financing of terrorism (CFT) and financing the proliferation of weapons of mass destruction.
SINGAPORE (Reuters) -A Singapore court on Thursday charged two former bankers for helping a group of foreigners who were convicted of laundering $2.2 billion last year in the biggest such ...
The new Anti-Money Laundering and Other Matters Bill introduced to parliament on Tuesday will remove the need for the prosecution to show a direct link between the criminal. Singapore is seeking ...
Enacted on 17 June 1960, the Prevention of Corruption Act (PCA) is the primary anti-corruption law in Singapore. The following are provided for under the PCA: [6] Powers for the CPIB to investigate bribery in all forms, both monetary and non-monetary in nature, and in both the public and private sectors;
It is the biggest money laundering case in Singapore, and among the biggest in the world, [2] involving assets worth 3 billion Singapore dollars. [ 3 ] Initially, only 1 billion Singapore dollars worth of assets was either seized, frozen or issued prohibition of disposal orders although the value of assets involved would later balloon to 3 ...