/ White papers

Arachnys country audits offer an up to date, deep dive investigation into the data and regulatory landscapes of key markets worldwide.

The reports analyse sources such as corporate registries, news and litigation with the aim to educate you about the availability, quality and challenges associated with the data in each market. Some of the regions we have covered so far are Brazil, China, UAE and Nigeria.

/ Blog

Obama lifts Liberia sanctions, ambassadors warn Kenyan officials over graft, UK drops Olympus fraud case, and more

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  • Noting progress in their democratic development since the civil war, President Obama lifted US economic sanctions against Liberia on Thursday. Sanctions have been in place since 2004. The UN removed travel bans and asset freezes against Liberian entities in September this year, but maintained an arms embargo targeting non-state actors.

  • Twelve foreign ambassadors have issued a warning to the Kenyan Ethics and Anti-Corruption Commission, threatening travel bans on officials accused of graft unless allegations are investigated and acted on.

  • The US Treasury has imposed sanctions on a money-laundering network headed by Altaf Khanani, a Pakistani individual. The network has been designated for facilitating the movement of money proceeding from organised crime and for assisting the funding of terrorist groups including al-Qaeda, Lashkar-e-Taiba and Jaish-e-Mohammed.

  • The UK’s Serious Fraud Office has dropped proceedings against Japanese camera maker Olympus. In Japan, Olympus executives received suspended sentences after pleading guilty, but the group, as well as its UK unit Gyrus Group, received not-guilty verdicts in the UK after SFO lawyers declined to present evidence.

And finally, pulling together intelligence from siloed screening and reporting systems is the most prevalent challenge for large institutions seeking to combine risk management from financial crime and compliance departments, according to a new survey. The white paper, published by PwC and NICE Actimize, also identified competing priorities within an organisation’s structure and overly complex in-house systems as significant burdens to effective risk management. In large institutions, the study found that 31% used over 20 systems for risk analysis and detection.


Arachnys update

 

New sources: 18

Source of the weekRwanda’s Revenue Authority publishes details of businesses registered for Value-Added Tax

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