Tuesday, May 17, 2022

The Ethiopian Banking Boom

The last fiscal year had been one of growth and expansion for Ethiopia’s banking sector, though still dominated by the state owned Commercial Bank...

A clumsy US effort to de-fund terrorists is creating a humanitarian crisis in Somalia

Did the US Treasury Department just give a huge recruiting boost to Somali terrorist organization al-Shabaab? Treasury rules intended to combat money laundering have cut...

Kampala’s thriving trade in Europe’s second-hand clothes

In Uganda, second hand clothes still offer the best bargain. They are often of better quality - coming from Europe, Japan and the US...

AML Regulations: Can Somalia survive without remittances? + Related Video

A 2014 Worldbank blog revisited as the facts have not changed much since it was first published + A Video by Philip Ratha Remittances have...

The careless, astonishing cruelty of Barack Obama’s government

The US, it seems, couldn’t care less if it causes a humanitarian crisis in Somalia, one of the world’s poorest countries Let me introduce you...

France says it did not restrict UK from using HSBC files to pursue bank...

Tory minister and tax office boss told parliament failure to prosecute was due to restrictions imposed by French authorities France has cast doubt on claims...

HSBC’s response: ‘Standards of due diligence were significantly lower than today’

This is an edited extract from a statement issued by HSBC responding to revelations of misconduct at its Swiss bank In the past, the...

HSBC files show how Swiss bank helped clients dodge taxes and hide millions

Part I: Data in massive cache of leaked secret bank account files lifts lid on questionable practices at subsidiary of one of world’s biggest financial...

HSBC files: Swiss bank aggressively pushed way for clients to avoid new tax

Far from acting as passive party to clients’ tax schemes, HSBC Suisse marketed device to effectively sabotage European savings directive. Beach in British Virgin Islands....

Cash pilgrims and bricks of money: HSBC Swiss bank operated like cash machine for...

Part 2: Cache of leaked data show how throughout 2005, scores of account holders arrived in Geneva, often emerging with currency foreign to Switzerland Not far...