Business
ADB threatens legal action as it denounces false claims against deputy MD
In an official statement, ADB emphasized its dedication to professionalism, transparency, and strict regulatory compliance.
DL News
Results for "World Bank"
1509 results.
Business
Bank of Ghana Report reveals rise in Bank staff fraud activities
According to the 2023 Banks, SDIs, and PSPs Fraud Report, this is a worrying trend thus warranting a call by the Bank of Ghana for banks to strengthen their internal control mechanisms.
DL News
Courts
The Beige Group spent over GHC1.8million on publicity – witness
He said it was as part of activities marking the transition of the Beige Capital Savings and Loans (BCSL) to the Beige Bank (TBB).
GNA
Africa
Nigerian ex-President Muhammadu Buhari's signature forged to withdraw $6m, court hears
Authorities believe that the suspects conspired with Nigeria's former central bank chief Godwin Emefiele
BBC
Supreme Court News
Nduom can challenge GN Bank License revocation at High Court- Supreme Court
This settles the contention as to whether the businessman was legally bound to go for arbitration per the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) or fight the action at the High Court
Richard Osei Boateng
Courts
Seek first arbitration – Court of Appeal to TI Microfinance on licence revocation
On October 23, 2019, the Founder of TI Microfinance Limited, Emmanuel Babuboa, filed a certiorari application at the High Court urging the court to quash the decision of the BoG to revoke the operating licence of the company
B&FT
Crime
Ghanaian pleads guilty in $4 m romance fraud scheme
Osei, who was charged in February 2021, pleaded guilty to seven counts of making a false statement to a bank, six counts of wire fraud, and two counts of money laundering.
DL News
Courts
Revocation of GN Bank’s licence: Court of Appeal refers matter to Arbitration
On December 19, 2019, Dr. Nduom and others filed a suit at the High Court, seeking among other things that the court makes an order, quashing the August 16, 2019 decision of the BoG which declared GN Bank insolvent and consequently revoked...
DL News
Asia
Fraudsters Cloned Company Director’s Voice In $35 Million Bank Heist, Police Find
Once a technology confined to the realm of fictional capers like Mission: Impossible, voice cloning is now widely available. Various tech startups are working on increasingly sophisticated AI voice technologies, from London’s Aflorithmic to...
DL News
Business
Ato Essien pleads for time to take advantage of Reparation and Restitution under Court’s Act
“We have sent a letter to the prosecution requesting that discussion should resume, and we have received response from the prosecution indicating their willingness to afford us the opportunity.
DL News
Crime
Nigeria Police arrests alleged fraudster who hacked a bank server to steal N1.87 billion
The suspect who is the kingpin of a syndicate that specialises in hacking into the servers of banks and corporate agencies, was arrested after he hacked the Flex-Cube Universal Banking System (FCUBS) of a first generation bank.
DL News
Business
BoG expands list of institutions to participate in Credit Reporting System
The Bank of Ghana urged institutions to take steps to comply with the provisions of Act 726 by October 31, 2021.
DL News
Courts
Ato Essien fails to halt trial
Essien, together with Fitzgerald Odonkor, the Managing Director of the bank, and Tettey Nettey, the Managing Director of MC Management Services, a company said to be owned by Essien, have been accused of stealing depositors’ funds leading t...
DL News
Africa
Former Malawi central bank chief charged with money laundering
Kabambe, who has denied any wrongdoing, has not yet entered a plea.
DL News
Courts
The Receiver of Unibank cannot issue a writ against Duffuor, 9 others - Court
The motion sought to dismiss the said suit on the grounds of Nii Amanor Dodoo’s lack of capacity to institute the same.
DL News
General
BOG directs DMBs and SDIs to use bullion vans for cash in transit activities
"contained in a statement issued by the Bank of Ghana and addressed to the Executive Secretary of the Ghana Association of Bankers"
DL News
Business
Government begins overhaul of VAT system to boost business climate, tax compliance
The reform initiative was highlighted during a high-level engagement between Ghanaian officials and Wencai Zhang, Managing Director and Chief Administrative Officer of the World Bank Group.
DL News
General
Fighting Terrorism with Terrorism? Israel, Hamas, Hezbollah: An International Law Perspective
The Palestinian Islamist group Hamas seeks an end to Israeli control over the West Bank, a territory widely acknowledged as part of the Palestinian territories. However, the United States and Europe, have classified Hamas as a terrorist org...
Akyena Brantuo Benjamin
Asia
China declares all crypto-currency transactions illegal
Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said, warning it “seriously endangers the safety of people’s assets”.
DL News
Africa
Central African Republic adopts bitcoin as legal tender
The text of the new legislation covers the use of crypto-currencies and those who use them, in online trade, "smart contracts... by blockchain technology and "all electronic transactions.” According to the statement, cryptocurrency exchange...
DL News