Sentences with phrase «against financial crimes»

The primary purpose of the Policy is to support the fight against financial crimes and corruption, promote accountability and enhance transparency in the management of public finances.

Adeosun explained that the policy was expected to «Increase exposure of financial or financial related crimes; support the fight against financial crimes and corruption; improved level of public confidence in public entities; enhance transparency and accountability in the management of public funds; improve Nigeria's Open Government Ranking and Ease of Doing Business Indicators; and recover public funds that can be deployed to finance Nigeria's infrastructure deficit.»

Our intent is to ensure we have the most up - to - date records and the information to protect you and the bank against financial crime.

Harnessing the power of artificial intelligence and advanced analytics is essential in the ongoing fight against financial crime, says HSBC's Colin Bell.

Financial services providers are vital in the fight against financial crime and its damaging impact; only by implementing robust screening processes and checks on potential customers can they help reveal hidden launderers among the mass of genuine individuals.

Investors deserve every reasonable means of protection against financial crime.

It is estimated that more than # 90 billion worth of dirty cash could be running through our financial system each year and as key players on the frontline of the fight against financial crime, legal professionals, particularly those operating in the SME sector, have a critical role to play.

Donald Toon, Director of Economic and Cyber Crime at the National Crime Agency (NCA), explains why that means that every individual counts in the fight against financial crime.

If the quality of information contained in the SARs submitted was improved, it would aid in making a more valuable contribution to the fight against financial crime and the harm that it perpetuates.

While all of us in legal and accounting circles diligently complete our money laundering training, this case shows the importance of paying more than lip service to this crucial element of the fight against financial crime, and the need continuously to be considering when it would be appropriate to report suspicion of money laundering.

As a financial institution, we have an obligation to assist in the fight against financial crime and money laundering.

These regulatory measures appear a sensible step that will help legitimise virtual currency, for they mitigate against financial crime.

Not exact matches

Gates» decision comes just a day after Mueller leveled 32 new charges against Gates and former Trump campaign chairman Paul Manafort in a superseding indictment, accusing them of financial crimes related to tax and bank fraud.

On March 28, after a seven - year investigation, the RCMP's commercial crime section filed criminal charges against three of the firm's principals: former CEO Daniel Potter, who built the software developer into a TSE - listed firm with a market value of $ 100 million at the height of the dot - com bubble; Halifax securities lawyer Blois Colpitts, 48, a former director and the firm's legal adviser; and Bruce Elliott Clarke, a 65 - year - old former broker with National Bank Financial.

A year before that, Treasury's Financial Crimes Enforcement Network (FinCEN) asked digital currencies exchanges — platforms for buying, selling and storing digital currencies — to register with FinCEN, and «report suspicious transactions to adequately guard against money laundering and terrorist financing abuse.»

The first line of defense against elder financial abuse may be to raise awareness in our communities about the warning signs, common scams and preventative measures that might protect us from these crimes.

Pomerantz leads a class action against Deutsche Bank AG, arising from its lack of controls against financing terrorism, money laundering, aiding against international sanctions, and committing financial crimes.

When Mueller's office filed charges against Manafort, they included a range of financial crimes.

And alas, the days of U.S. crusades against global financial crime look numbered.

Financial crime fighters at the U.S. Treasury are «aggressively» pursuing virtual currency platforms that lack strong internal safeguards against money laundering, a top official told a Senate panel on Wednesday.

The Financial Crimes Enforcement Network (FinCEN), working in coordination with the U.S. Attorney's Office for the Northern District of California (USAO - NDCA), assessed a $ 700,000 civil money penalty recently against Ripple Labs Inc. and its whollyowned subsidiary, XRP II, LLC (formerly known as XRP Fund II, LLC).

ATTACs principal focus areas at the moment are: the different forms of taxation of financial transactions, in particular the Tobin tax on currency speculation; the creation of new instruments for the regulation and control of finance at the national, European and international levels; the battle against tax havens and financial crime; and the demystification of pension funds.

A former deputy governor of Osun state and a key chieftain of the People's Democratic Party, PDP, Iyiola Omisore, has accused the Economic and Financial Crimes Commission (EFCC) of blackmail over allegation of fraud being leveled against him.

The Chairman, Economic and Financial Crimes Commission, Ibrahim Lamorde, would on Tuesday appear before the Senate committee on Ethics, Privileges and Public Petitions to answer questions on allegations of fraud preferred against him.

Specifically, Omo - Agege's bill had stated that the immunity granted to the president, governors and their deputies in section 308 (1) of the constitution would no longer apply to criminal proceedings arising from allegations of financial crimes against them.

Contributing, Mr. Femi Falana (SAN) challenged the NBA to enhance the fight against corruption by partnering with the Economic and Financial Crimes Commission (EFCC).

Azibaola and his wife told the court that the Economic and Financial Crimes Commission (EFCC), the prosecuting agency, had failed to establish a prima - facie case against them.

As elected president, he founded the Economic and Financial Crimes Commission (EFCC), with the volcanic Nuhu Ribadu as first chairman, thus mainstreaming the War Against Corruption; as well as the ICPC, to lesser applause.

Former militant leader, Chief Government Ekpemupolo (alias Tompolo), has challenged the warrant of arrest issued by a Federal High Court sitting in Lagos, to compel his appearance in court to answer to the criminal charge preferred against him by the Economic and Financial Crimes Commission, EFCC.

The media trial and court cases against the former Minister of Petroleum, Diezani Alison - Madueke on allegations levelled against her by the Economic and Financial Crimes Commission (EFCC) are clear examples.

Titled «FR VS Danladi Umar (CR / 109/18) request for Briefing,» the query read in part: «The attention of the Honourable Attorney General of the Federation was drawn to news report that the Economic and Financial Crimes Commission has filed charges of corruption against the Chairman of the Code of Conduct Tribunal, Hon. Justice Danladi Umar, before the FCT High Court.

Meanwhile, the acting Chairman of the Economic and Financial Crimes Commission, EFCC, Mr Ibrahim Magu has called on Nigerian workers to join in the fight against corruption as they are the greatest victims of the mismanagement of the nation's wealth.

The lawmakers had shelved the confirmation in protest against the refusal of the President to sack Ibrahim Magu as acting chairman of the Economic and Financial Crimes Commission despite his repeated rejection by the Senate

The bench warrant followed a motion by the Economic and Financial Crimes Commission, EFCC, which had filed different charges against Tompolo, over allegation of diverting N34 billion belonging to the Nigerian Maritime and Safety Agency, NIMASA, to personal use and laundering of N22.6 billion.

Political crisis in Ado - Ekiti, the Ekiti State capital on Wednesday took another dimension as lawmakers of state House of Assembly staged a protest on the highway against the freezing of the account of Governor Ayodele Fayose at the Zenith bank by the Economic and Financial Crime Commission (EFCC).

Despite his frail health, the Publicity Secretary of the Peoples Democratic Party (PDP), Olisa Metuh on Wednesday showed up at the Federal High Court, Abuja, for his trial which borders on a seven - count charge of criminal breach of trust and money laundering to the tune of N400m brought against him by the Economic and Financial Crimes Commission (EFCC).

However, the discordant tunes over the cash by the Economic and Financial Crimes Commission, National Intelligence Agency both agencies under the Presidency robs it of what kudos it ought to get in this whole battle against graft.

In the query, signed by Mr. Dayo Apata, the Solicitor General of the Federation and Permanent Secretary Magu is to explain what informed the filing of corruption charges against the tribunal chairman having being cleared of corruption allegation two times by the same Economic and Financial Crimes Commission.

Orji made the revelation during the trial of Akpobolokemi and five others on a 13 - count of stealing and fraud proffered against them by the Economic and Financial Crimes Commission.

Justice Oluwatoyin Ipaye of Lagos State High Court, Ikeja has convicted Adeosun Olarewaju, after he was pronounced guilty of a two - count charge bordering on possession of fraudulent document and forgery preferred against him by Economic and Financial Crimes Commission (EFCC).

Court Jails Fraudster One Year for $ 4,100 Internet Scam Justice Oluwatoyin Ipaye of Lagos State High Court, Ikeja has convicted Adeosun Olarewaju, after he was pronounced guilty of a two - count charge bordering on possession of fraudulent document and forgery preferred against him by Economic and Financial Crimes Commission (EFCC).

The charge against him read in part, «That you, Robert Obuoha, on or about the 12th day of February, 2016 in Port Harcourt at the Port Harcourt Judicial Division did corruptly give N150, 000 only to Mr. Ishaq Salihu, a public officer and Zonal Head of Operations, Economic and Financial Crimes Commission, South - South Zone, for the purpose of recharge cards and with a view to influencing his decision in a case wherein you are being investigated and thereby committed an offence, official corruption, contrary to Section 13 (1)(a) of the Corrupt Practices and Other Related Offences Act, 2003 and punishable under section 13 (1) of the same Act.»

Mr. Dasuki, who was arraigned before Justice Sani Yusuf, alongside a former director of finance at the office of the NSA, Shuaibu Salisu, and a former Group General Manager of the Nigeria National Petroleum Corporation, NNPC, Aminu Kura, and two firms, Acacia Holdings Limited and Reliance Reference Hospital, had on Monday filed for bail after pleading not guilty to the 19 - count charge preferred against them by the Economic and Financial Crimes Commission, EFCC.

Alleged Corruption: How Dariye Diverted N204m to Own Company - Witness The Economic and Financial Crimes Commission, EFCC, has presented more evidence against a former governor of Plateau State, Joshua Dariye, who is being prosecuted on a 23 - count charge bordering on money laundering and diversion of funds, before Justice Adebukola Banjoko, of the Federal Capital Territory, -LSB-...]

Solebo, in the lengthy two - hour ruling, however, held a contrary view, referring to a Nov. 8, 2016 letter from the NJC to the Economic and Financial Crimes Commission (EFCC) suspending the judge, noted that the NJC had already exercised disciplinary action against the embattled judge.

Justice Buba had on January 14 issued a bench warrant against Tompolo and ordered his arrest for failing to honour a court summons dated January 12 in respect of a 40 - count of alleged N34bn fraud levelled against him and nine others by the Economic and Financial Crimes Commission.

SERAP in an open letter to President Buhari asked him to refer the allegations of corruption and abuse of office against Baru to the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission for investigation.

The fight against corruption is being delayed by Nigeria's slow judicial system and delay tactics by defence lawyers, the Economic and Financial Crimes Commission said on Sunday in Ibadan.

Against this background, it has become necessary to state that the Economic and Financial Crimes Commission, EFCC had no hand in the report which is entirely the imagination of the authors.

The Executive Secretary, Nigerian National Summit Group, Mr. Tony Uranta, says the propaganda tactics being employed by the Economic and Financial Crimes Commission in the fight against corruption could trigger massive and violent social unrest nationwide.