Anti-Money Laundering Measures News

Zimbabwe: Zim Central Bank Warns Against Use of Bitcoin

22.12.2017

 | Source: NewZimbabwe.com; All Africa

The Reserve Bank of Zimbabwe (RBZ) on Thursday warned the public against the use of virtual currencies such as Bitcoin because of the risks involved.

Angola: Government to Work to Consolidate Banking System

18.10.2017

 | Source: All Africa - Angola Press

The Government will work with the National Bank of Angola (BNA) to consolidate the process of adapting the national financial and banking system to the norms and standards of international financial institutions, said the President of the Republic, João Lourenço.

Tanzania: BoT Calls for Curbing Money Laundering, Financing Terrorism

06.09.2017

 | Source: The Citizen; All Africa

The Bank of Tanzania (BoT) has called on financial institutions to ensure that they address issues related to money laundering and financing terrorism.

Rwanda: Banks Tipped on Money Laundering, Graft Fight

05.07.2017

 | Source: The New Times; All Africa

Financial institutions have been urged to strengthen their reporting and governance systems as some of the ways to fight against illicit activities, including money laundering and graft.

Africa: Uganda Fights to Stop Damning Money Laundering Indictment

26.06.2017

 | Source: The Observer (Kampala); All Africa

Uganda will in September host a group of international experts to try and convince them that the country's financial system is well-regulated enough to combat money laundering and terrorism financing.

Tanzania: Central Bank On Fresh Move to Control Bureaux De Change

26.06.2017

 | Source: The Citizen; All Africa

The Bank of Tanzania (BoT) has instituted new measures to curb operations of bureaux de change as a move regarded by some analysts as part of the government's crackdown on grand corruption and money laundering.

South Africa: High Bank Charges Force Immigrants to Send Money Home 'Hand-to-Hand'

11.05.2017

 | Source: GroundUp: All Africa

A new survey by Cape Town-based refugee rights advocacy group The Scalabrini Centre has found that the high cost of sending money has kept migrants from using formal remittance systems.

Tanzania: Bank of Tanzania Revokes FBME Licence

10.05.2017

 | Source: Tanzania Daily News: All Africa

The bank was accused of laundering money through its Cyprus branch for a failed Indonesian bank, the Russian Mafia, the Lebanon-based Shi'a Islamist group Hezbollah, al Qaeda and a long list of others.

Nigeria: CBN bars banks from virtual currency transactions

19.01.2017

The Central Bank issued stern warning to banks to refrain from virtual currency transactions.

Ghana: BoG to migrate electronic payment systems

16.01.2017

The migration is to reduce illicit financial transaction on electronic payment platforms

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