Search Results for: offshore

Malaysia’s former finance minister, Tun Abdul Daim bin Zainuddin, was charged Monday for failing to comply with the Malaysian Anti-Corruption Commission (MACC) order to declare his assets. Zainuddin, along with his wife and two children, were requested in January 2024 to testify about “high-value assets” that are under their company’s name within and outside the country. Zainuddin, [...]

READ MORE

The exchange of information is a key driver of today’s digital economy. International trade cannot be performed without business owners’ ability to transfer data across national borders, and multinational enterprises’ (MNE) internal operation relies on the ability to move data among countries where they have business presence. Accordingly, data has come to the center of [...]

READ MORE

Since 2014, Ukraine has taken decisive steps toward combating corruption. This has included the adoption of anti-corruption legislation and the establishment of anti-corruption bodies that operate in accordance with international standards. Furthermore, there has been a concerted effort to identify and address the root causes of corruption in Ukraine. Notably, the presence of an oligarchy [...]

READ MORE

The Malaysian Anti-Corruption Commission (MACC) said in a press release that it recorded the testimony of former prime minister Ismail Sabri Yaakob about the use of RM700 million in funds that were “spent for publicity and promotion purposes during the previous government’s administration” on Wednesday. The Keluarga Malaysia (Family Malaysia) program, launched by Ismail Sabri in [...]

READ MORE

The Nigeria Supreme Court on Friday ruled that Shell should be granted a hearing over its alleged involvement in an oil spill in the Niger Delta, as per news sources. This overturns the judgment of the Court of Appeal that halted the company’s sale and ordered payment of a judgment claim before hearing its appeal. [...]

READ MORE

The Malaysian Anti-Corruption Commission (MACC), in a press release on Saturday, stated that it has initiated an investigation into a former finance minister and close ally of former Prime Minister Mahathir Mohamad, Tun Abdul Daim bin Zainuddin, under the country’s laws related to abuse of power and money laundering. The MACC emphasized that it had [...]

READ MORE

UK police and UK Home Secretary James Cleverly announced Tuesday the death of an asylum seeker on board the Bibby Stockholm, a barge housing asylum seekers on the south coast of England. Police said they were alerted to a sudden death on the boat, and the coroner is now investigating the circumstances of the fatality. [...]

READ MORE