“Commercial Awareness Is Global.”
29th April 2009 By Charles Wanguhu Corruption only offers two instances for regulators to step in: at the looting stage where the individuals may seek bribes, dispose of public resources or subvert funds. In an ideal world they are then charged and any monies returned. The second stage is at the laundering stage, where the monies are placed into the
By: Ainsley Brown The US securities regulator, the Securities and Exchange Commission (SEC), has extended its long arm yet again. This time it was as a part of an operation to locate and then freeze the personal and company assets of Sir Allen Stanford and his Stanford International Bank (SIB). Mr. Stanford – oh sorry I should say Sir Allen
By: Ainsley Brown No, no this is not a joke nor is it a case of a 007 mission gone awry. Its is a simple case of two British engineers; a British company and its subsidiary; a mobile phone; an American tire company’s secret equipment; and a Chinese tire company. Oh all so simple, indeed. The two engineers, Mr. Clark
A British solicitor, Jeffrey Tesler, was arrested at his North London business address after US authorities requested his extradition. US prosecutors have charged Mr. Tesler and another Briton, Wojciech Chodan, with taking part in a scheme to bribe Nigerian officials to secure lucrative natural gas contracts, according to the Times. Both men are each charged with ten counts of violating
By: Stephane Apitha In most jurisdictions, the legislators have laws to restrain the problem of money laundering. In addition to that nowadays most Off Shore Management companies “OMC’s” are equipped to carry out compliance checks. In order to understand what money is laundering we have to look at the definition of same; however, as at date there is no definition
By: Ainsley Brown The very colorful Texan billionaire, dual citizen and Knight from Antigua, and oh yeah cricket enthusiast, has been charged in the US with fraud allegedly amounting to $9.2 billion. Just like Bernard Madoff, Stanford – sorry, I should say Sir Allen – stands accused of operating a Ponzi Scheme. According to the US Securities and Exchange Commission
By: Ainsley Brown Christian Milton, a former vice-president of American International Group Inc. (AIG) was sentenced last week to 4 years for his part in a US $597 Million fraud scheme. The scheme which began in 2000 defrauded AIG shareholders by the aforesaid amount by allowing AIG to improve its balance sheet. Mr. Milton can count himself luck for