A 63-year-old woman who admitted to swindling the Eastern Cape Training Centre (ETC) in Gqeberha out of R13.4m while working as a creditor’s clerk will be sentenced later in August.
The Mpumalanga couple, Hlobisile Lindokuhle Mthembu and Bongisipho Robert Mthembu were found guilty and sentenced by the Nelspruit Commercial Crime Court on Monday, 16 August 2021 for over a million rand fraud in terms of Section 18 (1) Act 121 of 1998 of POCA read with Section 21 (3) of GEPF 21 of 1996. In […]
MANILA (Reuters) - Philippine President Rodrigo Duterte has included a bill seeking to ease the country s strict bank secrecy rules in his list of legislative priorities in his final year in office, the central bank said on Wednesday. The move comes weeks after a global dirty money watchdog - the Financial Action Task Force (FATF) - added the Southeast Asian country to its grey list of countries under increased monitoring https://www.reuters.com/business/global-dirty-money-watchdog-adds-malta-grey-list-keeps-pakistan-2021-06-25, along with Haiti and South Sudan. The Bangko Sentral ng Pilipinas (BSP) has vowed to work to ensure compliance with FATF https://www.reuters.com/article/philippines-cenbank-fatf-idUSP9N2LN026 recommendations and exit the list no later than 2023. The Bank Deposits Secrecy Bill will give the BSP increased investigative powers, making it easier for the regulator to examine suspicious bank accounts, and impose heavy penalties. It will equip the BSP with tools neces