Tech
Flutterwave’s accounts in Kenya have been frozen over fresh money laundering allegations
A recurring theme in the allegations laid against Flutterwave is the company’s involvement in card fraud and money laundering.
Tech Cabal
Results for "Central Bank of Kenya Regulations"
2142 results.
Crime
Sibton Switch Limited Transaction: Official of Bank of Ghana was dismissed for gross misconduct
Sibton Switch Systems Limited filed a request for arbitration on April 9, 2018, against the Bank of Ghana specifically citing a breach by the BoG relative to the termination of the master agreement for the Ghana Retail Payment Systems Infra...
DL News
Business
FCA fines Ghana International Bank £5.8 million for breach of Money Laundering Regulation
Under Regulation 42(1), the Authority is empowered to impose civil penalties upon those who breach the Regulations
DL News
Africa
Nigerian Fintech, Flutterwave, others accounts frozen over alleged money laundering in Kenya
The firms have been accused of being used as conduits for money laundering in the guise of providing merchant services.
Gifty Danso
Courts
Submission of no case: High Court to deliver a ruling in Capital Bank case
The four have been charged with 26 counts of conspiracy to steal, abetment of crime, namely stealing, stealing, and money laundering
DL News
Africa
Kenya’s supreme court upholds William Ruto’s win in presidential election
Ruto was announced winner on 15 August amid a divide within the electoral commission over the declared outcome, which showed that the vice-president had gained 50.5% of the vote, beating the longtime opposition leader, Raila Odinga, and nar...
The Guardian
Business
Court Puts Injunction On Stanbic Bank AGM
A High Court in Accra has placed an interlocutory injunction restraining the management of Stanbic Bank Ghana Limited from holding its 22nd Annual General Meeting (AGM).
DL News
General
CASE STUDY: INSOLVENCY AND CORPORATE RESTRUCTURING OF THE BANKS IN GHANA
Between the years 2017 and 2019, Ghana’s banking sector underwent an unprecedented period of reform which was prompted by widespread regulatory breaches, poor governance, undercapitalization, and unsustainable lending practices.
Ama Anima Konadu
General
Regulatory Compliance in the Financial Sector
This article explores the various regulators who regulate financial institutions such as banks, microfinance, insurance companies amongst others as well as the critical role of regulatory compliance in the financial sector, the challenges i...
Ama Anima Konadu
Africa
Man sues Facebook over alleged poor working conditions in Kenya
Man sues Facebook over alleged poor working conditions in Kenya
nation.africa
Courts
Daniel Ofori vs. Ecobank Ghana Limited and 2 Others Revisited
“From the totality of the evidence before us and the application of the relevant law, the court holds that, the Respondent is entitled to monthly compounded interest on its principal investment sum of Gh¢6,162,240.00, calculated at a monthl...
DL News
Business
BoG declines Parliamentary summons over UT Bank, Unibank closure
The Bank of Ghana has said that the petitioners should use the right channels to ensure their grievances are resolved
DL News
Courts
The BoG is under no obligation to seek parliamentary approval for its directives-Supreme Court affirms
The Bank of Ghana issued a directive described as the Banking Business Corporate Governance Directive in March 2018 under the Banks and Specialised Deposit-Taking Institutions Act.
DL News
Courts
I expressed reservations about GH¢ 27.5M paid to Ato Essien – Capital Bank former MD
State Prosecutors have accused the founder of the bank, William Ato Essien, and two others of causing the insolvency of the bank by stealing about GH¢200 million of a GH¢620 million liquidity support given to the bank by the Bank of Ghana.
DL News
Africa
East Africa’s opportunity in energy and infrastructure disputes
Hamid Abdulkareem, Jacob Omorodion, and Thomas Dauvillier report on a webinar hosted by Three Crowns LLP and the Africa Energy Arbitrators’ Forum (AEA) of the Lagos Chamber of Commerce International Arbitration Centre (LACIAC) on ‘The Futur...
African Law &Business
Business
Ayariga urges Parliament to fast-track probe into collapse of UT bank, uniBank
Mahama Ayariga wants the House to be furnished with an update on the matter and urged the committee to resume work on the petition in earnest.
DL News
Europe
Fresh scandal hits British military in Kenya as soldier faces rape allegation
The incident is said to have occurred in May near the British Army Training Unit Kenya (BATUK) in Nanyuki, a town situated roughly 200 kilometers north of Nairobi.
DL News
Africa
US fugitive wanted for murder escapes custody in Kenya
Kelvin Kangethe, 41, was arrested last week while leaving a club in Kenya's capital, Nairobi, after a months-long manhunt by Kenyan and US authorities.
BBC
Africa
Kenya fines Carrefour franchise Majid al Futtaim $7m
The regulator said it had abused "its superior bargaining position" over two suppliers.
BBC
Africa
TikTok faces ban in Kenya as petition tabled in country's Parliament
The petitioner claims that the social media app collects data from people and shares it with third parties without their consent thus violating their rights.
Capital News