Tag: Compliance
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How Real Estate Agents Could Duck Price Rules—and How Buyers and Sellers Can Protect Themselves
Understanding the Issue In competitive real estate markets, price rules and auctions exist to ensure fair play, transparency, and accurate price discovery. However, critics point to strategies some agents may use to sidestep these rules. While many principal brokers and agents operate ethically, it’s prudent for buyers and sellers to recognize potential pitfalls and know…
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Zero Trust Gateway: Managed Workload Security for Multi-Cloud Environments
Rethinking protection in a multi-cloud world Traditional virtual firewalls require constant tuning, updates, and manual monitoring to stay effective. In a multi-cloud environment, that approach quickly becomes untenable as workloads move between public clouds, private data centers, and hybrid setups. This is where a Zero Trust Gateway with managed workload security steps in, offering a…
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KRA Names Obell Substantive Head of Micro and Small Taxpayers Department to Target Elusive Small Traders
Kenya Revenue Authority Appoints New MST Commissioner The Kenya Revenue Authority (KRA) has announced a major leadership change within its tax administration hierarchy. George Obell was appointed as the substantive Commissioner for the Micro and Small Taxpayers Department (MST) after a rigorous and competitive recruitment process. The move signals the agency’s intensified focus on improving…
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Loophole in sanctions lets Russian oil reach Australia via Macquarie-owned port
Unveiling a sanctions loophole Recent data analysis points to a troubling conduit for Russian-origin oil to enter Australia, despite global sanctions aimed at curbing Moscow’s energy profits. The key link appears to be a port partially owned by Macquarie Bank, where cargo flows and ownership structures may obscure the true origin of the cargo. While…
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Russia oil sanctions loophole in Australia via Macquarie-linked port
Uncovering a potential sanctions loophole New data and investigative findings indicate that large volumes of Russian-origin oil have been traded through a port that is partly owned by Macquarie Bank. The transactions, which analysts say could eventually reach Australian businesses, point to a trading chain that may skirt around some current sanctions on Russia. The…
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Ex-bank Officers Fined for Failing to Report Bribes from Law Firms
Two ex-bank officers penalized for failing to report bribes from law firms In a case that underscores the ongoing focus on compliance and anti-bribery rules in Malaysia, an Kuala Lumpur High Court judge, Nasir Nordin, handed fines totaling RM31,000 to two former bank employees who admitted they did not report bribes received from law firms.…
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Luxury Watches and Jewellery: Inside the NAB Fraud Allegations and a High-Profile Money-Laundering Case
Overview: The allegations and the scale of the case A national investigation into alleged fraud and money laundering has brought attention to the polarizing intersection of finance, luxury goods, and crime. Authorities say a National Australia Bank (NAB) employee stands accused of involvement in what investigators describe as a sprawling operation that could rank among…
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Singapore Takes Bold Steps to Protect Retail Investors Seeking Compensation for Wrongful Losses
Singapore Moves to Strengthen Protection for Retail Investors In a decisive shift for the Singapore stock market, regulators are stepping up efforts to protect retail investors from wrongful losses. The Monetary Authority of Singapore (MAS) has unveiled a package of proposals designed to improve transparency, accountability, and recourse for individual investors who suffer adverse outcomes…
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Fake Religious Pastor Arrested for Attempted Human Trafficking of Three Filipinos to Cambodia via Thailand
Overview of the Case A man described by authorities as a “fake” religious pastor was arrested on charges related to an attempted human trafficking operation involving three Filipino nationals. The Bureau of Immigration (BI) announced on Monday that the suspect will face criminal charges for his role in planning to transport the individuals to Cambodia…
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FIC Clears Richard Nii Armah Quaye, Unfreezes His Accounts After Probe
FIC clears Richard Nii Armah Quaye following probe The Financial Intelligence Centre (FIC) has announced that Ghanaian businessman Richard Nii Armah-Quaye has been cleared of any wrongdoing after a comprehensive investigation into his financial transactions. The decision comes after weeks of scrutiny and the temporary freezing of accounts linked to the case. What led to…