First Independent Mena Newspaper
Nigeria’s Securities and Exchange Commission (SEC) has raised the red flag following revelations of $2.1 billion in suspicious cryptocurrency transactions across West Africa in 2024, according to a study by the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA). SEC Director-General, Emomotimi Agama, speaking at the recent West Africa Compliance Summit in Cape […]
Somalia has intensified its campaign against terrorism financing, taking decisive action to dismantle the financial infrastructure sustaining extremist group Al-Shabaab. The National Committee for Combating Money Laundering and Countering the Financing of Terrorism (AML/CFT), led by Finance Minister Bihi Iman Egeh, reported the deactivation of 575 mobile lines and the freezing of 21 bank accounts […]
On Tuesday, European Union announced the removal of the United Arab Emirates from its “high-risk” list for money laundering. In addition to the UAE, the EU also delisted Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, and Uganda. At the same time, Monaco was added to the list along with nine other countries. According to the […]
Morocco’s central bank, Bank Al-Maghrib (BAM), has published this week the first version of its practical guide on the fight against money laundering and the financing of terrorism (AML-CFT). This guide, which is part of efforts to raise public awareness about the risks of money laundering and terrorism financing, explains what money laundering and terrorism […]
The Financial Action Task Force (FATF), a global financial crime watchdog, has included Algeria in the list of money laundering & terrorism financing countries. The FATF has made the decision during its plenary meeting held lately in Paris with the participation of delegates from the FATF’s Global Network of over 200 jurisdictions and observers from […]
Cocaine, cannabis resin and pharmaceutical opioids are the internationally trafficked drugs most seized in the Sahel, a region used by criminal networks and armed groups as a “natural stopover point” on trafficking routes from South America to Europe, according to a new report from the UN Office on Drugs and Crime (UNODC). Drug trafficking in […]
The European Union has threatened to blacklist Kenya over corruption and money laundering, with the bloc’s Ambassador to Kenya warning that the east African country’s reluctance to curb corruption and money laundering could scare off investors. The EU is revisiting an old problem Nairobi has struggled to contain and if there is no substantial progress […]
The Algeria-backed polisario group is at the heart of a money laundering scandal and shadowy terrorism financing network operated in Europe in connivance with Hezbollah, Iran-backed shiite militant group. Citing financial investigators, reports from Spain’s Guardia Civil and terrorism experts, German daily “Die Welt” has revealed lately large-scale financial dealings and transactions between the Polisario […]
Morocco’s efforts to combat human trafficking and migrant smuggling as well as their connection with money laundering, were highlighted at a conference in Sharm el-Sheikh, Egypt. Morocco has made significant efforts to deal with organized crime, mobilizing technological tools in searches and investigations, noted Mohamed Chabib, judge at the Public Prosecutor’s Office. He was speaking […]
A Tunisian investigating judge ordered Monday the liberation of former Prime Minister Hamadi Jebali but requested his appearance on July 20 for hearing in connection with an investigation into an alleged money laundering and terrorism financing case. His son-in law and the son of Rached Gannouchi, the Speaker of the dissolved Parliament and leader of […]