Technical StaffNovember 12, 2020Reuters reported an exclusive story about one of the dirtiest schemes of money laundering: Conflict Gold. Dubai is at the core of the letter that was issued by The London Bullion Market Association (LBMA). Exclusive: Gold market authority threatens to blacklist UAE and other centresThe world’s most...
Technical StaffNovember 11, 2020Last month, the Economist, the British famous magazine; broadcasted on YouTube a documentary entitled “how to tackle corruption.” The documentary presented several corruption stories covering many countries. South Africa, Ukraine, and the UK were among what presented in the documentary.The estimated annual direct cost of corruption is,...
Technical StaffNovember 10, 2020It appears that investigative journalistic investigations are still ongoing in many parts of the world. The ICIJ website has published a report on suspected huge money-laundering operations in several Arab countries, including Morocco, Jordan, Saudi Arabia, Iraq, and the United Arab Emirates.The aforementioned report, published on November...
October 31, 2020Technical StaffAn ICIJ’s investigation has shown that major international banks facilitate money laundering for criminal organizations, politicians, and others. This investigation has generated reactions from many international actors as well as specific recommendations to increase the effectiveness of anti-money laundering. However, we want to clarify what we concluded...
October 10, 2020The American Anti-Corruption Institute (AACI) presented the ten principles of fighting corruption at the Malta Chamber on October 8, 2020. In an online webinar panel setting, the event was in cooperation with Malta Chamber and GetGovernanz. Mike J. Masoud, CPA, CACM, CFE, MBA, The AACI’s Director of the Middle East...
“Adel al-Jubeir, 58, the current Saudi minister of state for foreign affairs, was the authority who allegedly endorsed the origin of the $100 million that was transferred to an account linked to Spain’s then-King Juan Carlos I in Swiss private bank Mirabaud. That’s according to documents from a probe in...
August 12, 2020The Financial Times reported on August 10, 2020, that more than one related party (controlled entities by NMC founder BR Shetty) obtained bank loans fraudulently and funneled these loans to NMC Health. We hope that the ongoing investigation shall reveal how the banks approved those loans. We are...
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