The US Securities and Exchange Commission has charged GTV Media Group Inc, Saraca Media Group Inc, and Voice of Guo Media Inc with soliciting individuals to invest in an illegal
An Italian court has cleared two global oil giants, Eni and Shell, over allegations of corruption in Nigeria. The long-running case centred on the $1.3bn (£936m) purchase of an offshore
A final report by a UN Panel of Experts on Libya sanctions established according to Security Council resolution 1973 (2011) has said that throughout its mandate, the body identified “multiple
A court in the Channel Islands has fined a team of accountants and economists who for years ignored risks of possible corruption and embezzlement when providing services to an investment
OFAC has announced that UniControl, an Ohio-based manufacturer, has agreed to pay $216,464 to settle its civil liability for violations of the Iran Transactions and Sanctions Regulations (ITSR). UniControl, Inc.,
Crypto payments platform BitPay has settled with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on charges of over 2,000 apparent sanctions violations. BitPay will pay $507,375 on
South African authorities are investigating fraudulent transactions that cost state power utility Eskom Holdings SOC Ltd. 2 billion rands ($132 million). The transactions involved several companies billing Eskom over the
Boston Consulting Group, PwC and Mckinsey -three of the world’s largest consulting firms – received tens of millions of dollars in payments from an obscure firm in Dubai to help
BNP Paribas will have to defend itself against a U.S. lawsuit claiming the bank facilitated human rights abuses in Sudan after a New York federal judge rejected parts of its
The UAE Central Bank has imposed financial sanctions of over Dh 45.75 million on 11 banks for violating anti-money laundering (AML) regulations. The economic sanctions were imposed on January 24,
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