Posted Friday December 18, 2015

US and China to share information for CFT/AML, Martin Shkreli arrested over securities fraud, and more

There's a lot to talk about so let's cut to the chase.

  • The US and Chinese Financial Intelligence Units have signed a Memorandum of Understanding to foster cooperation and share information to combat terrorist financing and better tackle cases of anti-money laundering.

  •  Martin Shkreli has been arrested under securities fraud charges. The pharmaceutical executive was widely criticised over massively inflating the price of drugs used in treating HIV.

  • A former Russian government official and director at Tenex has been sentenced for running a nuclear bribery scheme in the US.

  • Thailand’s seafood industry came under the spotlight after it was revealed that shrimps peeled by slaves are reaching grocers across the US, Europe and Asia.

And finally, Transparency International is remembering the 10th anniversary of the UN Convention Against Corruption (UNCAC) coming into force. The convention marked the first agreement to tackle bribery and corruption on an international scale.


Arachnys update

Source of the weekThe Guichet Unique de Formalisation des Entreprises (GUFE) is the public agency in charge of registering companies in Benin and publishes a gazette, which includes information about companies in Benin. It is located within the Ministry of Industry, Trade, and SMEs.


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