NAB Okays probe against 3 forex companies

" Updated at: 1430 PST, Thursday, November 13, 2008 ISLAMABAD: National Accountability Bureau (NAB) has given a go ahead to an inquiry into the allegations regarding illegal business and money laundering against three forex companies.The Securities and...

South African Zuma wins corruption case appeal

Jacob Zuma, former deputy President of South Africa is now free from his troubles. A South African court has ruled that a corruption case against ruling party leader Jacob Zuma cannot go ahead. Zuma was facing charges of corruption, fraud and money laundering...

Maldives and Timor Leste join Asia Pacific Group on Money Laundering

"Jakarta (ANTARA News) - The Asia Pacific Group (APG) on Money Laundering in its annual meeting held in Nusa Dua, Bali Province, from July 7 to 11, 2008, anonymously approved the new membership of Maldives and Timor Leste in the grouping. Indonesia hailed the membership of...

RI`s anti-money laundering, counter financing of terrorism rating up

""Indonesia has indeed met most of the 49 recommendations, but it`s not yet perfect," he said. Indonesia`s performance was considered good on 34 of the FATF`s 49 recommendations. Some recommendations which Indonesia had not yet met included legal framework and...

Widodo opens APG meeting on money laundering in Bali

" "Our challange is the increasing rate of worldwide crime as a result of globalization ," Widodo said, adding that Indonesia was committed to waging war against money laundering and terrorist financing. The APG will this year accept two new member countries, namely...

Former Gold Medalist Montgomery Sentenced to Prison

The honesty of the American track and field teams have long been under scrutiny. Between the actions of Carl Lewis, Marion Jones and now Tim Montgomery we can see that there may be something in the water (or Gatorade) that extends beyond the track itself."WHITE PLAINS, N.Y....