Wiley wants our electoral law clients to be aware of a terrible trend we are seeing. There have recently been a series of fraudulent withdrawals from Political Action Committee (PAC) bank accounts, which were only uncovered during a bank reconciliation and the preparation of your report to be filed withRead More →

The newly sworn in governor of Ekiti State, Biodun Oyebanji has ordered all state government accounts frozen. Mr Oyebanji made the directive through a press release from his chief press officer, Yinka Oyebode, immediately after his swearing-in on Sunday. “All accountants and financial institutions are urged to comply with thisRead More →

The Federal Investigation Agency (FIA) informed a special court in Lahore on Tuesday that no money had been “directly deposited” into the bank accounts of Prime Minister Shehbaz Sharif and his son Hamza Shehbaz, because the agency Cited Review of Money Laundering Records Rs16 Case. The disclosure was made byRead More →

India has received the fourth installment of financial account information from Switzerland since the two countries entered into an automatic exchange of information (AEOI) agreement in 2018, to improve tax compliance and avoid potential fraud. The annual exchange of information allows countries to check whether taxpayers have correctly declared theirRead More →

The popular saying that “honesty is the best policy” will be made manifest on Tuesday when President Muhammadu Buhari rewards some Nigerians who have shown that a good name is worth more than gold. A security guard, Mallam Musa Usman, from Jigawa State; Housekeeper Mrs. Josephine Agu from Imo StateRead More →

INDIA. Mumbai: The Enforcement Directorate (ED) on Friday provisionally attached Rs 1.54 crore to the bank accounts of a trust linked to Amnesty India under the Prevention of Money Laundering Act 2002 (PMLA), bringing the total attachment to Rs 21.08 crore. The ED initiated the money laundering investigation based onRead More →

The General Superintendence of Financial Entities (SUGEF) of Costa Rica announced that casinos have until December 1, 2022, to file the corresponding financial reports. Otherwise, their bank accounts will be closed. According to a Costa Rican newspaper The Nationofficial notice SGF-1784-2022, issued on August 31, has decided that companies inRead More →

Phoenix Oil [PNX 9.00 4.15%] https://www.philstar.com/business/2022/10/03/2213967/quick-takes-phoenix-responds-news-frozen-bank-accounts-and-3-more-updates reacted to the announcement of the freezing of its bank accounts to pay a heavy unpaid debt to the LT Group [LTG 8.26 1.08%] specifying that he has not yet “officially received” the copies of the complaint, the summons and the garnishment order issuedRead More →