The National Criminal Investigation Service (SERNIC) arrested a lawyer accused of money laundering and defending Chinese nationals involved in illegal logging in the city of Beira on Thursday (19). In a publication by the Mozambican Information Agency (AIM), the SERNIC spokesman said that the arrest of the lawyer, whose name was not...
According to a study released today, Sunday (04), by the Centre for Public Integrity (CIP), a Mozambican non-governmental organization (NGO), Zohra Group, a business group suspected of involvement in money laundering, and whose premises were recently raided by the Public Prosecutor's Office, has won millions of meticais in contracts for the supply of goods...
Swiss bank Credit Suisse announced yesterday that it has agreed with French judicial authorities to pay €238 million to avoid criminal prosecution for illegally soliciting clients in France and allowing money laundering. With this agreement, Credit Suisse AG avoids prosecution in France and settles its...
South African President Cyril Ramaphosa yesterday denied accusations of money laundering when asked by MPs about the scandal threatening his presidency at the head of Africa's most developed economy. "I deny that there was ever any money laundering," Ramaphosa said in parliament in Cape Town, adding, "It was...
There are owners of petrol stations in Mozambique who use the business to launder money and finance terrorism in the province of Cabo Delgado, according to the President of the Republic, Filipe Nyusi. These fuel pump owners are in Sofala province, according to Nyusi, who said he has "information from people [the businessmen]...
Former South African intelligence chief Arthur Fraser on Wednesday accused South African President Cyril Ramaphosa of violating the Prevention of Organized Crime Act, i.e. money laundering. Fraser released a statement announcing that he has opened a case at the Rosebank Police Station, Johannesburg area, against the head of...
Credit Suisse may be ordered to pay a fine of 42.4 million Swiss francs (more than 40 million euros) in a money laundering case imposed by Swiss prosecutors. Trial begins on February 7 at the Swiss Federal Criminal Court (FCC). According to the Portuguese portal, Executive Digest,...