Police in Guayaquil have arrested several suspected extortionists accused of demanding up to $5,000 from local shopkeepers in the Juan Montalvo area. Authorities said the group allegedly used threats and intimidation to pressure small business owners into paying. The operation forms part of broader efforts to tackle organised crime amid rising insecurity in Ecuador’s largest city. Officials highlighted the importance of reporting such crimes to dismantle criminal networks. The arrests come as extortion continues to affect commercial activity in key urban areas. Investigations remain ongoing to identify further suspects.

Police arrest alleged mafia leader controlling parts of Quito

Ecuadorian police have captured Eduardo Gómez, known as “Gordo Paúl”, an alleged senior figure in the Los Lobos drug trafficking group, during an operation in Quito carried out under a nationwide security crackdown. Authorities described him as one of the most dangerous criminals operating in the capital, with links to extortion, kidnapping and illegal mining activities. The arrest took place during a curfew imposed by President Daniel Noboa as part of efforts to curb organised crime. Officials said Gómez was detained alongside his partner, who is accused of handling logistics for the group. The operation forms part of a broader campaign targeting gangs connected to international cartels. Investigations are ongoing to dismantle the wider network.

Editorial calls for restoration of civic order in Guayaquil

An editorial published by El Universo has called for the recovery of civic standards and public order in Guayaquil, amid ongoing concerns over crime and governance. The piece argues that the city faces a deterioration in institutional authority and social coexistence. It urges both authorities and citizens to commit to rebuilding respect for rules and shared responsibility. The editorial highlights the impact of insecurity on daily life and economic stability. It also stresses the need for leadership capable of restoring confidence in public institutions. The commentary reflects wider debate about the city’s direction.

Judge rejects pre-trial detention in ‘Goleada’ case

A judge has denied a request for pre-trial detention against Guayaquil mayor Aquiles Alvarez and other defendants in the high-profile “Goleada” case, an investigation into alleged financial irregularities involving companies and possible money laundering. Prosecutors had sought preventive custody as part of the probe into suspected tax offences and illicit financial operations. However, the court ruled that such a measure was not justified at this stage. The case remains ongoing, with multiple individuals under investigation. The decision marks a significant development in one of Ecuador’s most closely watched legal proceedings. It also underscores ongoing tensions between judicial authorities and prosecutors.

Bodies discovered in Amazon region trigger investigation

Authorities in Ecuador have launched an investigation after several bodies were discovered in a rural parish in Orellana province, in the Amazon region. Initial reports indicate the victims were found in San Lorenzo, raising concerns over possible links to organised crime. Prosecutors and forensic teams have been deployed to determine the circumstances surrounding the deaths. Officials have not yet confirmed the identities of the victims or the cause of death. The discovery has heightened concerns about violence spreading beyond major urban centres. Investigations are continuing as authorities gather evidence.

Investigators describe the case as one of the most complex financial crime probes they have handled, with about 95% of the work taking place behind desks rather than on the streets. At the centre of the operation was an elaborate scheme to move money stolen from victims in foreign countries.

Instead of transferring funds directly back to South Africa, investigators say the scammers routed transactions through hundreds, possibly thousands, of bank accounts across multiple jurisdictions.

The money would circulate through a web of accounts and front companies overseas, making it harder for authorities to trace its origins. Only after being filtered through this system would the funds return to South Africa, appearing “clean” and disconnected from the original crime.

Professional networks and front companies

Analysts spent years mapping company ownership, tracking banking flows and identifying connections between suspected scammers and professional intermediaries. Investigators looked at links involving accountants, lawyers, property purchases, luxury vehicles and international travel patterns, all used to disguise the profits of fraud.

The laundering process, sources say, relied heavily on legitimate-looking structures that helped integrate criminal proceeds into the formal economy .

Infiltrating the scam call centres

The case also involved covert intelligence operations. Operatives were deployed to infiltrate call centres allegedly used to run scams targeting people abroad. Once inside, investigators tracked individual agents, their movement through the organisation and their sudden lifestyle upgrades.

“Call centre agents would start with a medium-range saloon,” one source said. “Soon, an expensive SUV followed and top-tier swindlers were buying supercars worth millions.”

Authorities say the luxury spending was often accompanied by high-end property portfolios, champagne lifestyles and lavish displays of wealth. Investigators say the raids were only the final step in an extensive process that combined forensic accounting, cyber analysis and intelligence work over the years.

Instead of smuggling goods or running street operations, investigators say these networks depend on digital fraud, global banking loopholes and professional laundering systems.

Uruguay has moved closer to passing a bill legalising euthanasia , scheduling the final vote on August 12 and potentially becoming the third Latin American country to institutionalise the controversial policy. The legislation, debated for eight years, would set strict medical and legal criteria for adults with terminal or incurable illnesses seeking the procedure. Patients would require medical and psychological assessments, plus two independent medical opinions. If passed, Uruguay would join Colombia and Ecuador in permitting euthanasia, a move that has garnered criticism, especially from pro-life advocates and religious figures. 

Inflation falls to one-year low in July

Uruguay’s inflation slowed to 4.5% in July, down from 4.6% in June and the lowest since May 2024. It marked the fourth straight monthly decline, keeping inflation within the Central Bank’s 3.0-6.0% target range. The drop was driven by weaker price growth in housing, utilities, and transport, though food costs accelerated. Annual average inflation slid to 5.1% from 5.2% in June. On a monthly basis, consumer prices rose 0.05%, reversing the 0.09% decline recorded in June.

Uruguay, DR Congo ink cultural cooperation pact

Uruguay and the Democratic Republic of the Congo signed a cultural cooperation agreement on  August 8, focusing on promoting Afro-descendant heritage, including rumba and candombe. The deal was concluded during a visit by Congolese Culture Minister Yolande Elebe, who also met President Yamandú Orsi and held talks on copyright, intellectual property, and joint cultural projects. The partnership marks the DRC’s return to South America after 40 years and forms part of a broader government mission to strengthen South-South cooperation. 

Gov’t unveils five-year strategy vs money laundering, organised crime

President Yamandú Orsi’s government has unveiled a national strategy to combat money laundering, terrorism financing, and arms proliferation, cracking down on drug trafficking and organised crime. The 2025-2030 plan follows a risk assessment identifying drug trade, corruption, and football transfer rights as high-risk areas. The move comes after a record 2.2-tonne cocaine seizure this month. The strategy will work alongside the SILCON system, coordinating intelligence and strengthening financial investigations to dismantle criminal networks.

Uruguay to hold first solar power auction since 2013

Uruguay will launch a 200 MW solar power auction in 2025, its first in over a decade, as part of efforts to boost renewable energy and cut reliance on fossil fuels. The initiative forms part of the country’s strategy to increase the share of renewables in its electricity mix and strengthen energy security. Officials say the project will help diversify energy sources and support the transition to a low-carbon economy.

Holness had raised the issue at the closing press conference of the 49th CARICOM Heads of Government meeting, citing the delay in implementation despite the EU Commission’s earlier recommendation in June. He criticised the European Parliament’s internal political divisions that had stalled the delisting, stressing that the delay was unfair to small developing nations that had met the required reforms “through great sacrifice, discomfort, and the cost to the people .”

Jamaica’s Foreign Affairs and Foreign Trade Minister Kamina Johnson Smith also hailed the EU’s decision as a step in the right direction for the country. In a virtual address to the European Parliament, she said, “We cannot overstate the significance of this decision... it is a clear indication of the Parliament’s willingness to respond positively to the needs and interests of small, vulnerable economies like Jamaica’s.”

Johnson Smith later emphasized that the outcome followed “joint and separate sustained advocacy” from both Jamaica and Barbados. “This is yet another signal of broad-based trust in our systems,” she said, noting that the move builds on Jamaica’s earlier removal from the Financial Action Task Force’s (FATF) grey list in 2023.

The removal from the EU’s list is expected to improve the financial reputations of both nations, easing international banking transactions and encouraging investment, especially across CARICOM economies. Holness concluded, “It may not materialise tomorrow that you will have an easier banking system, but over time, it will.”

According to Federal Oral Court 2, Kirchner and eight other officials were found guilty in 2022 of steering 51 infrastructure contracts in Santa Cruz province to a businessman, who is a close associate of the Kirchner family. The contracts were characterised by inflated costs and collusion, resulting in an estimated loss of about $500 million.

If the convicted parties do not repay their share within ten days of the final calculation, the court will begin asset seizures. Kirchner’s holdings include two properties in Buenos Aires, 24 in Santa Cruz, and stakes in three family firms, which have all been frozen, though many were transferred to her children, Máximo and Florencia Kirchner.

Prosecutors maintain that these assets remain subject to confiscation if proven to be illicitly acquired.

The case is being closely watched across Latin America as a major test of judicial independence and accountability in high-level corruption.

Kirchner, a prominent Peronist and critic of current President Javier Milei, is currently under house arrest, a measure facing legal challenges from both prosecutors and her own lawyers.

Federal prosecutors argue she should be imprisoned due to her good health and lack of age-related vulnerability.

The final ruling on her detention, expected soon from the Cámara de Casación Penal, and the enforcement of asset confiscation could set a precedent for political accountability in Argentina.

Across the globe, a number of former presidents are being held accountable for corruption, with legal proceedings highlighting a growing push for transparency and justice.

In South Africa, former president Jacob Zuma is currently standing trial over his alleged involvement in a $2.5 billion arms deal. Prosecutors accuse Zuma of accepting bribes and engaging in fraud during his time in office, in what has become one of the country’s most closely watched legal battles.

In Peru, former president Ollanta Humala is facing charges of money laundering and embezzlement after allegedly receiving illicit campaign funds from the Brazilian construction giant, Odebrecht.

Meanwhile, in South Korea, former president Park Geun-hye was convicted in a wide-ranging corruption case involving major conglomerates, including Samsung. She was sentenced to 22 years in prison before receiving a presidential pardon in 2021 on health grounds.

The draft will now be submitted to His Highness the Amir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah for final ratification.

Under the law, decisions based on UNSC directives will be issued by the Cabinet, following recommendations from the Minister of Foreign Affairs, with powers being delegated to individual ministers, who can establish special committees to oversee enforcement.

The regulations will also ensure due process, including mechanisms for appeals and provisions allowing limited access to frozen funds for basic living expenses.

Violations will attract financial penalties ranging from KD 10,000 ($ 32,644) to KD 500,000 ($1.6 million), in addition to other sanctions under existing financial laws. Current counterterrorism laws will remain in effect unless directly overruled by the new provisions.

According to the official explanatory note, the law is designed to provide the Cabinet with a clear legal framework to meet Kuwait’s international obligations while preserving constitutional rights and protecting those acting in good faith.

The move is seen as a step toward reinforcing Kuwait’s compliance with global counterterrorism financing standards, particularly those monitored by the Financial Action Task Force (FATF) and the United Nations.

In 2021, the United Arab Emirates established the Executive Office of Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) to spearhead a cohesive government strategy against financial crime, in close collaboration with regional and global partners, including the United States.

Since then, the UAE has significantly bolstered enforcement and regulatory frameworks, recording fines for AML/CTF violations from $20.6 million in early 2022 to $ 67.8 million in the first ten months of 2023, a more than threefold increase.

The UAE confiscated roughly $ 353.9 million in illicit assets in 2023, with the courts prosecuting 583 money laundering cases, achieving a high conviction rate of 92.1%.

New Additions

The inclusion of Algeria and Lebanon reflects ongoing concerns with the former struggling with corruption. Ranking 107th in the 2024 Corruption Perceptions Index , the country has witnessed recent high-profile cases like the five-year sentencing of former official Mohamed Bouakkaz for illicit enrichment.

The latter’s listing, amid economic crisis and concerns over groups like Hezbollah, does not impact EU humanitarian aid but signals weak Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT).

Kenya, Namibia, and others face similar situations, requiring urgent reforms to meet FATF standards.

Delisted jurisdictions

The UAE’s removal follows its exit from FATF ’s grey list in February 2024, driven by strengthened financial regulations.

An Emirati official emphasised continued commitment to AML/CFT reforms, aligning with new EU-UAE free trade talks.

The Philippines , Barbados, and others were also delisted for improved compliance, easing financial access but requiring sustained vigilance.

Why it matters

Listed countries face stricter EU financial scrutiny, complicating access to capital and trade.

The EC’s list, based on FATF’s “Jurisdictions under Increased Monitoring,” protects the EU’s financial system but stirs debate.

Last year, the European Parliament blocked the UAE’s delisting, citing premature leniency while the delegated regulation awaits approval from the European Parliament and Council, effective within one to two months unless objected European Commission, 2025.

The fraudulent scheme, known as “En Primeur” (EP), falsely promised investors ownership of premium wines supposedly sourced from French suppliers. However, no such wines were ever procured. Instead, Ko and Koo funnelled investor funds through a shell company, Grand Millesimes Limited (GML), incorporated in the British Virgin Islands, with fake invoices to simulate transactions.

A report by Straits Times indicated that Ko laundered funds through a Swiss bank account and later into a third account in Singapore, deliberately layering transfers to avoid detection. Court documents revealed he kept S$8 million for personal use and distributed Koo’s share through underground channels and cash payments.

More than 240 police reports were filed from May 2011, leading to an investigation. Both men left Singapore that same month. Ko’s Swiss account was closed later that year, and he remained abroad until his arrest in May 2024 upon returning to Singapore. No restitution has been made.

Ko pleaded guilty to one count of criminal breach of trust involving over $10 million and two counts of dealing with criminal proceeds. Twelve other charges were considered in sentencing.

The Philippines was placed on the FATF’s “grey list” in 2021 because its financial system was seen as weak in stopping illegal money flows.

Being on this list meant that the country was under close monitoring and had to fix problems in its system to avoid stricter global restrictions.

To meet FATF’s standards, the government took strong steps to prevent dirty money from moving through the country.

This included shutting down offshore gaming operators that were being used for illegal activities and tightening rules on casinos.

The government also made financial transactions more transparent and improved how authorities track and investigate suspicious money movements.

FATF officials said the Philippines showed real progress, including increasing money laundering investigations, applying stricter rules on money transfers, and making sure law enforcement had better access to financial records. These changes convinced FATF to remove the country from the list.

Government officials welcomed the news , saying it would help attract more foreign investments and make sending money cheaper and faster for millions of Filipinos working abroad.

According to them, it also improves the country’s reputation in the global financial system.

The FATF warned that the Philippines must keep these reforms in place and prove by 2027 that it can sustain them. If not, it risks being placed back on the list.

The accused face charges related to the import, export, and storage of drugs as part of an organised criminal network, as well as money laundering.

Background of case

The scandal, popularly referred to as the “Boshi and Cocaine” case, initially surfaced seven years ago, shaking Algeria with revelations of transcontinental drug trafficking. Alongside Kamal Sheikhi, the case involves Sheikhi’s brothers, Nasser and Mohammed Sheikhi, and a primary associate identified as B. Najib. All are currently held in temporary detention at the penal institution in Al-Harash.

The file was referred to the Attorney General of the Algerian Judicial Council by the investigating judge of the ninth chamber at the Sidi Mohamed court on May 23, 2021. The case was subsequently transferred to the indictment chamber, which rejected defense requests for the release of the detained defendants on June 30, 2021. The file was then forwarded to the Criminal Court of First Instance in Casablanca for trial.

Cocaine shipment and investigations

Investigation records reveal critical details about the illicit shipment managed by Kamal Sheikhi’s company, which was legally tasked with importing meat shipments from Brazil. According to testimony from the transit office responsible for the shipment’s documentation, the serial number of the container carrying the cocaine did not match those listed for the meat shipment.

The seized shipment comprised 603 plates of cocaine packaged in 34 cardboard boxes, with a total weight of 701 kilograms. Each carton weighed approximately 820 grams. Of the 603 plates, 590 were wrapped in transparent plastic, while the remaining 13 were unwrapped. BBC reported at the time that about 20 arrests were made.

A technical report revealed that six samples from the seized consignment were analyzed, confirming the substance as solid cocaine with a purity level of 85 percent. This high-purity form is intended for wholesale distribution and requires processing before consumption. Post-processing, the quantity would yield up to 70 quintals, multiplying its initial weight tenfold.

The Ministry of Defense confirmed the 701 kg seizure was the largest cocaine haul in Algeria since 2012, when 165 kg of cocaine was smuggled into the country hidden in milk powder imported from New Zealand.

Experts have called for heavy taxation on Sugary drinks, or Sugar-Sweetened Beverages (SSBs) to reduce health implications on Nigerians. These SSBs pose significant health risks to Nigerians, contributing to non-communicable diseases (NCDs) such as diabetes, hypertension, and cancer, PM News Nigeria reports. Despite their appealing taste, SSBs are likened to "beautifully packaged poison" that gradually harms consumers. With approximately 11 million diabetics and Nigeria being the fourth largest consumer of SSBs, urgent action is needed. A recent training by Corporate Accountability and Public Participation Africa (CAPPA) revealed the detrimental impact of SSBs on public health and the economy.

Money laundering

Nigeria has dropped money laundering charges against Binance executive Tigran Gambaryan, allowing him to seek medical treatment abroad. Gambaryan, who has been detained since February and faces accusations of laundering over $35 million, denies the charges. The Nigerian government plans to proceed with the case against Binance itself. Separate tax evasion charges against Binance remain active, which the company also denies, according to US News .

Nigeria-Lybia clash

The Confederation of African Football (CAF) is set to announce its verdict on the controversial AFCON Group D qualifying match between Libya and Nigeria, originally scheduled for October 15. The match was moved last minute, and the Nigerian team faced severe disruptions, including being held hostage by Libyan authorities after their flight was diverted. Punch reports that this incident prompted the Nigeria Football Federation to file a complaint with CAF, which has been put on hold pending disciplinary review. Stakeholders in Nigerian football, including former officials, are calling for heavy sanctions against Libya, arguing that their actions were retaliatory and inhumane. There is widespread expectation among Nigerian football associates for CAF to take decisive action to ensure accountability and foster fair play in African football.

Aircraft shortages

Boeing and Airbus delivery delays are exacerbating aircraft shortages in Nigeria, where domestic airlines are struggling with high costs and limited access to leasing options. Supply chain issues, a Boeing strike, and geopolitical conflicts have disrupted aircraft supply. Stakeholders highlight that rising insurance costs and foreign exchange shortages are making acquisition and maintenance prohibitively expensive for Nigerian carriers. With many aircraft grounded for maintenance, the operational fleet has dwindled to under 40, Business Day reports. Aviation Minister Festus Keyamo announced improvements in Nigeria's aviation rating, which could facilitate access to dry lease aircraft, although older models may dominate due to lingering supply chain challenges. Industry experts stress the need for stronger government support to help local airlines compete against major international carriers.

Luxury goods

Swarovski has officially launched its flagship store in the Palms Mall, Lagos, solidifying its commitment to Nigeria's growing luxury market. Partnering with Polo Limited, the luxury goods company, Swarovski aims to cater to Nigeria's affluent demographic with exceptional quality and elegant designs. The store’s opening marks a significant milestone in the brand's African expansion, highlighting its confidence in the region's appetite for high-end goods. The launch follows a successful three-day tour featuring global partners and showcases Swarovski's intent to mix global heritage with localized marketing. The brand emphasizes sustainability and ethical practices in its operations. With three stores now in Nigeria, Swarovski is poised to establish itself as a leading luxury brand, offering a unique shopping experience that reflects sophistication and modern trends, according to This Day Live .

Toledo, who served as president from 2001 to 2006 , was found guilty of accepting $35 million in bribes from the Brazilian construction giant Odebrecht.

The bribes were allegedly in exchange for awarding the company a lucrative contract to build a highway in southern Peru.

The court's decision follows years of legal proceedings, including Toledo's extradition from the United States in 2023.

Judge Inés Rojas, who presided over the case, emphasized the betrayal of public trust. "Peruvians trusted Toledo as their president, responsible for managing public finances and protecting state resources," she stated. "Instead, he defrauded the state, compromising the integrity of our institutions."

Tunisians vote in election, with main rival to President Saied in prison

On Sunday, October 6, Tunisians voted in an election where President Kais Saied seeks a second term. His main rival was jailed last month, and most opponents are either imprisoned or barred from running. Saied faces two rivals: former ally and Chaab Party leader Zouhair Maghzaoui, and Ayachi Zammel, who was jailed last month. Read more here .

Protests erupt in Cape Town in solidarity with Palestinians: Video

On Saturday, October 5, thousands of South Africans marched through Cape Town in a show of solidarity with Palestinians. The demonstrators carried placards and chanted, urging the South African government to sever diplomatic ties with Israel. Read more here .

IMF and Ghana reach staff-level deal on $3 billion loan-programme review

IMF staff and Ghanaian officials have agreed on the third review of Ghana's $3 billion loan programme. The country is nearing the end of its debt-restructuring process under the G20's Common Framework, following its 2022 default on $30 billion in international debt.

Asia

Singapore tightens anti-money laundering measures

On Friday, October 4, Singapore authorities unveiled new measures to combat money laundering. These include inter-agency data-sharing, striking off inactive companies, and initiatives to encourage businesses to report suspicious activities. Read more here .

More than 200 Chinese citizens evacuated from Lebanon, foreign ministry says

China's foreign ministry announced on Saturday, October 5, that over 200 Chinese citizens have been safely evacuated from Lebanon. "These people, who have been evacuated in two batches, include three Hong Kong residents and one Taiwan compatriot," the ministry said in a statement. Read more here .

Meet the young Bangladeshi artist redefining the woman’s body image with art

In a world where societal and cultural standards often judge women's bodies and appearances, a young Bangladeshi artist is changing the narrative. Anusha Alamgir draws inspiration from her daily experiences, blending creativity and innovation across architecture, painting, and film to challenge public perceptions of women and their bodies. Read more here .

Latin America

Latin America gears up for clean hydrogen boom but the road is not smooth

Latin America's abundant hydroelectric and renewable energy resources position the region as a potential leader in clean hydrogen production. However, significant challenges remain as the world seeks alternatives to fossil fuels to combat the climate crisis. Read more here .

Mexico's top court accepts constitutional challenge to judicial overhaul

On Thursday, October 3, Mexico's Supreme Court agreed to review a constitutional challenge against the recent judicial overhaul. This controversial reform aims to transition the country to a system of popularly elected judges over the next few years. Read more here .

Brazil votes in local elections with eyes on 2026 presidential showdown

On Sunday, October 6, Brazilians voted for mayors and city councillors in over 5,500 municipal elections. Polls indicate strong performances by conservative candidates in several major cities, shaping the political landscape ahead of the 2026 presidential race. Read more here .

Nigeria, with 1% of Africa's confirmed mpox cases, is the first African country to receive a vaccine shipment outside a clinical trial. According to Health Policy Watch , this week, Nigeria received 10,000 doses of Jynneos, donated by the U.S. Dr. Jean Kaseya, Director-General of the Africa CDC. The outfit also confirmed Nigeria is one of two African countries to approve the vaccine.

Uganda's Embassy 'involved' in money laundering

Detectives are investigating Uganda’s Embassy in Nigeria, including Ambassador Nelson Ocheger, for money laundering on President Museveni's orders. This follows reports of criminality at Uganda’s consulate in Dubai. As reported by Chim Reports , police have requested files from the Ministry of Foreign Affairs. CID's Deputy Director, Jackson Tweheyo, wrote to Foreign Affairs Permanent Secretary Vincent Bagiire on July 9, 2024, for documentation.

Ethiopian Airlines withdraws national carrier interest

Ethiopian Airlines CEO Mesfin Tasew Bekele announced that the airline no longer intends to establish a national carrier for Nigeria. In a Bloomberg Africa interview, Bekele stated that plans with institutional investors and the Nigerian government have concluded. Business Daily reports Bekele said, "We don’t have any intention to partner with any of the Nigerian airlines today because it has been politicised."

Over 7,000 Nigerians kidnapped in a year

Over the past year, 7,568 Nigerians were abducted in 1,130 incidents, with bandits demanding nearly N11 billion in ransoms, according to a report by SB Morgen Intel. The report, titled 'Grim Reaping: Economics of Nigeria’s Kidnap Industry,' reveals that kidnappers received N1 billion out of the N10.9 billion demanded, Business Daily reports. “Between July 2023 and June 2024, no fewer than 7,568 people were abducted in 1,130 incidents across the country,” the Africa-focused market and security intelligence firm said.

SIM card fraud uncovered

The NCC uncovered cases of Nigerians registering over 100,000 lines each. This discovery, made with ONSA and NIMC during the NIN-SIM linkage exercise, highlights that individuals can register up to 4 SIM cards per network operator, excluding IoT devices. According to Nairametrics , the NCC warned that individuals with numerous SIM cards pose a security threat and will continue collaborating with security agencies to crack down on pre-registered SIM sales, safeguarding national security and mobile number integrity.

Umar highlighted the detrimental impact of money laundering on the country, emphasising that it leads to an increase in drugs, fraud, corruption, and violence. "Every time criminal money is successfully laundered, our financial institutions take an additional blow," he added.

He stressed the importance of collective action in combating these issues. "The only way we can move forward as a country is by working together, identifying common problems, jointly devising solutions, and taking coordinated and cohesive action. And now is the time that we need to go far, by going together," he concluded.

Umar made this known during the inauguration of a four-day training workshop for Nigerian law enforcement agencies at the Economic and Financial Crimes Commission (EFCC) Academy in Abuja, the Guardian reports.

The amendments require companies to provide full information on nominee arrangements to the Accounting and Corporate Regulatory Authority (Acra), Straits Times reports.

Under the new rules, Acra will publicly disclose which directors and shareholders of a company are acting as nominees. A nominee director is appointed to act according to the instructions of another person or a beneficial owner. Previously, while such individuals were required by law to disclose their nominee status to their companies, there was no requirement for this information to be shared with Acra.

Singapore’s second Minister of Finance, Indranee Rajah told Parliament that “this information will be useful to banks, corporate service providers, and other gatekeepers who may, for instance, wish to conduct additional checks on companies with many nominee directors or shareholders."

These amendments are part of Singapore’s ongoing effort to enhance its anti-money laundering regime.

The new laws require companies to now provide Acra with the particulars of nominee directors and shareholders, as well as the identities of the nominators behind these nominees. 

To ensure compliance and accuracy of registers, the maximum penalties for companies and LLPs that commit offences relating to their registers will be increased from $5,000 to $25,000.

Angola’s first general commander of the National Police was honoured on March 12, 2024. The ceremony happened in the municipality of Baía Farta, province of Benguela. Santana André Pitra known as "Petroff” received a diploma, medal, and others during the opening of the year of Police Instruction and Training – 2024/2025. The tribute was made by the general commander of the corporation, General Commissioner Arnaldo Manuel Carlos, Journal de Angola reports. The Police officer also served as the patron of the Police School, provincial governor of Huambo, and Minister of Interior. Petroff was the first general commander after the country gained independence on November 11, 1975.

First lady promotes good practices in national companies

The First Lady of the Republic, Ana Dias Lourenço has appealed to national companies to promote good practices and best organizational and management models as part of efforts to boost the country’s socioeconomic growth and development. Speaking during the award ceremony of the 10th edition of the Sirius Awards, Ana Dias Lourenço underscored good practices as the foundation of any economy, with the performance of organizations that contribute to the country's advancement. She further noted that this will incentivise other companies and managers to appreciate the context and the real challenges of Angola and the world, local news platform Folha 8 reports.

Angola’s trade and investment rankings

A US report on Barriers to Foreign Trade has placed Angola as one of the countries that abuses direct adjustments. The annual report which describes trade and investment practices in 58 countries and markets further indicates that the Central African country is undermined by corruption. According to Novo Jornal , the country’s openness in investment and trade is highlighted. The report looks at trade practices in other countries including Ethiopia, South Africa, Algeria, Ivory Coast, Egypt, Ghana, Morocco, Nigeria, Kenya, and Tunisia.

Government commits to tackling money laundering

Angola’s Economy Minister has reaffirmed its commitment to tackling money laundering, terrorist financing, and the proliferation of weapons of mass destruction in the country. According to José de Lima Massano, Angola is determined to guarantee legislation in line with international standards to ensure successful implementation considering the worrying trend of money laundering in the country. He was speaking at the opening of the 47 th Meeting of the Task Force of the Anti-Money Laundering Group for Eastern and Southern Africa in Lubango, Huila province, Angola24Horas reports.

Coffee production project

Governor of Cuanza-Norte in Angola has announced his intentions to make the province a “bastion” of coffee. João Gaspar, during his first official visit to the municipality of Banga indicated plans to revitalize coffee production in the municipality through the introduction of a project which will be launched in the coming days. The project, according to Jornal de Angola will create more employment for peasant families while diversifying eh local economy. According to Jornal de Angola, it will be supported by the anti-poverty program and others at a national level.

Sustainability for Seychelles (S4S) is expanding its air quality monitoring project, installing sensors across Mahe, Praslin, and La Digue. The organization aims to gain a clearer picture of the nation's air quality and plans to apply for funding to install more sensors in high-activity areas. The project manager noted a decline in air quality over the past eight years and attributed it to increased combustion activities, according to Seychelles News Agency . The organization believes that improving air quality will lead to increased economic productivity and growth.

Educational loan scheme for university students

Seychelles' Minister for Education, Justin Valentin, has announced the discontinuation of the government's Part-Financing Scheme, allowing students who cannot qualify for fully-funded university scholarships to pursue higher education through a student loan under the new Educational Loan Scheme. According to Seychelles News Agency , the scheme, supported by five commercial banks, the Seychelles Credit Union, the Central Bank of Seychelles, and the Seychelles Bankers Association, is aimed at supporting a priority field in Seychelles. The government will subsidise 4% of the interest rate based on the respective banks' interest rates. The scheme also covers students wishing to study in another university not chosen by the Ministry of Education. The final decision for loan approval remains with the banks, Seychelles News Agency reported.

Money laundering and terrorist financing manual

Seychelles has unveiled a judicial manual in collaboration with the EU Global Facility on Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF). The manual, a product of over a year of collaboration, aims to provide practical support in financial investigations related to anti-money laundering and counter-terrorist financing cases. The manual, tailored specifically for Seychelles, is the first of its kind in the country and is a response to the enactment of the Anti-Money Laundering and Countering the Financing of Terrorism Act in 2020, Seychelles News Agency reports.

Young activists to gather at environmental camp

Sixteen young local environmental activists will participate in a week-long environmental camp on D'Arros, one of the Seychelles' Outer Islands, in April. The camp, run by the Save Our Seas Foundation D'Arros Research Centre (SOSF-DRC), offers a unique experience for young people aged 10-15 to visit the protected waters of D'Arros Island. The camp combines education, adventure, exploration, and discovery, featuring games, presentations, and camping. Participants will become youth ambassadors for the environment, empowered with the knowledge to share with their communities upon their return home. The camp also provides students with front-row seats to some of the SOSF-DRC's work on D'Arros, according to Seychelles News Agency . The waters surrounding D'Arros Island and St Joseph Atoll have been declared marine protected areas since March 2020.

Attorney General’s strategic plan

The Seychelles Attorney General's Office launched its strategic plan 2024-2029 to elevate the office into a centre of excellence for legal services. Attorney General Frank Ally presented a copy of the plan on a pen drive to President Wavel Ramkalawan at the launch ceremony, Seychelles News Agency reports. Ally stated that the new strategic plan will guide the Attorney General’s office's transformation into a more efficient, effective, and transparent institution that embodies the principles of public service.

Chandra Ghale from Gorkha was arrested at Tribhuvan International Airport with 14 kg of gold concealed on his body. The Customs Department, led by Director General Sobhakant Paudel, is investigating Ghale's identity and ownership of the seized gold. The recovered gold will undergo quality testing, and authorities are monitoring Ghale's contacts, suspecting the involvement of others in this international smuggling operation.

India halts onion exports to Nepal

India has imposed a four-month ban on onion exports, effective from November 7, to meet domestic demand and control rising prices. The move may impact neighboring Nepal, a significant importer of Indian onions. The Indian government allows other countries to request facilitated exports through a designated quota system. This ban follows India's earlier imposition of a 40 percent customs duty on onion exports in August. In Nepal, a VAT dispute on potatoes and onions led to a halt in imports and sales by wholesalers, affecting consumers. Initially planned for imported products, the VAT was extended to domestic items, leading to protests at the Kalimati fruit and vegetable market.

Nepal to be on the ‘grey list’ due to money laundering concerns

The Financial Action Task Force (FATF) has warned Nepal of potential inclusion in the grey list due to concerns over money laundering. In a letter last month, FATF urged Nepal to implement essential reforms, including amending money laundering laws and taking decisive action against those involved in major economic crimes. Nepal Rastra Bank sources highlight the urgency of implementing these recommendations to avoid greylisting by October 2024. The warning emphasizes the need for timely legislative actions to prevent classification as a financially risky country.

Asian internet coalition questions Nepal's digital platform ban, citing global practice divergence

The Asian Internet Coalition (AIC), representing major tech companies like Facebook, Twitter, and Amazon, has raised concerns over Nepal's recent ban on digital platforms. In a letter to Communications Minister Rekha Sharma, the AIC highlighted that the government's regulations, including the TikTok ban, deviate from global practices. The coalition urged for dialogue and stressed the importance of engaging with stakeholders in formulating digital platform regulations. AIC objected to the lack of industry consultation and questioned provisions requiring platform registration, warning of potential impacts on foreign investment, and Nepal's Digital Nepal aspirations.