Angola Targets Exit from FATF Grey List by 2026
The Angolan Government, on Thursday 11 December, has announced intensified efforts to ensure the country is removed from the Financial Action Task Force (FATF) grey […]
Money Laundering
Africa Loses \$88 Billion Annually to Illicit Financial Flows, Warns African Union
The African Union (AU) has raised alarm on August 31 over illicit financial flows draining nearly $88 billion from the continent every year. These transactions, […]
South Africa: Zuma’s Legal Setback Clears Way for Long-Awaited Arms Deal Trial
In a critical judicial ruling on Tuesday, 3 June 2025, South Africa’s embattled former President Jacob Zuma suffered a significant legal blow as the Pietermaritzburg […]
Senegal Aims for New IMF Programme by June Amid Financial Review
Senegal is optimistic about securing a new agreement with the International Monetary Fund (IMF) by June 2025, following a recent financial review that revealed discrepancies […]
Uganda Charges Finance Ministry Officials with Corruption Over $21 Million Hacking Incident
Eight officials from Uganda’s Ministry of Finance have been charged with a range of offences, including corruption, electronic fraud, and money laundering, in connection with […]
Congo Sentences Three Chinese Nationals Amid Intensified Mining Crackdown
A court in the eastern Congolese city of Bukavu has handed seven-year prison terms to three Chinese nationals as part of an ongoing effort to […]
Cape Verdean Police detains 16 people and seizes cocaine, money and electronic equipment
The Cape Verdean Judicial Police (PJ) announced on December 16 the arrest of 16 individuals in Praia during an operation under the “Safe Christmas and […]
South Africa: Diamond dealer suspected of €200 million fraud arrested
Authorities in South Africa have arrested nine suspects involved in a major diamond investment scam, with over 200 million euros reportedly stolen since 2019. At […]
Mozambique’s Ex-Finance Minister Faces US Trial in “Tuna Bond” Scandal
Manuel Chang, Mozambique’s former finance minister, is standing trial in a Brooklyn federal court over his alleged role in the infamous “tuna bond” scandal. Charged […]
Isabel dos Santos does not respond to Angolan Justice, trial may begin in March 2024
Businesswoman Isabel dos Santos was summoned to be heard but preferred not to answer the Angolan authorities’ questions, an official source said, adding that the […]