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Economic and Financial Crimes Commission, EFCC, really has got the bit between its teeth in a way that few other anti-corruption bodies have managed elsewhere in the world. Yesterday, it brought two very high-profile figures before the court: a Senior Advocate of Nigeria (SAN), Muhammed Dele Belgore and a former minister, Professor Abubakar Sulaiman. They have pleaded not guilty in a case that has already tested the will of government to let the EFCC act independently and will now test the judiciary with which both defendants have a long and close history.

I'm very happy with my boyfriend. He's nice in every way except one. He complains that I have male friends and, even, that I have male employers, that I, sometimes, have a glass of wine with. He says he trusts me but he doesn't trust my friends and employers. It has become such a frequent complaint that it's beginning to affect my feelings towards him.

In 2016, Emirates flew more than 194,000 flights and of those more than 60 were diverted because of a medical emergency. The cost of each ranges from USD50,000 to USD600,000, says the airline. So it needs to find ways to reduce diversions where there is no additional risk to the passenger.

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In February, 2017 James Michael Farrell, age 63, of Wenonah, New Jersey, USA was convicted of money laundering, witness tampering, and obstruction of official proceedings, related to his activities on behalf of members of an extensive drug trafficking operation. The case is important because part of relates to the use of proceeds of criminal conduct being used for the payment of defence lawyer's fees.

Money Laundering

In the iconic TV series, The Magic Roundabout, an old man with a beard rides a tricycle around the garden, making "wheeeee" noises that attract a lot of attention but seem to have little substance. He's the gardener, but his lack of clear purpose means that the garden is, well, let's say, a little unkempt. Fast forward almost 45 years and another Mr McHenry is making noises with, seemingly, worryingly little understanding of what he's talking about. And he's part of the Trump infotainment system that is encouraging the President to make bad policy based on misinformation or, as it's called today, fake news or, even "alternative facts."

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The Law Society's Gazette is reporting that Mischon de Reya, a London law firm has been ordered to pay damages to its client which purchased a property from a fraudster. The case is going to appeal. Nigel Morris-Cotterill looks at the first instance judgment of a case that has enormous implications for KYC/Due Diligence for financial institutions. Part 1.

Business information service provider Thompson Reuters has agreed to issue an apology and to pay damages to the Finsbury Park Mosque in a case that has great implications for the financial sector and its data providers, particularly in relation to so-called "due diligence" databases, in this case the World-Check database that the company bought, as a going concern, in 2011. Read more for how this creates problems for FCROs.

In a majorly embarrassing incident, has imposed additional licence conditions on the Australian financial services licence of NAB's superannuation trustee, NULIS Nominees (Australia) Limited (NULIS), following breakdowns in internal procedures.

Editorial Staff

The USA's Internal Revenue Service has issued a notice relating to a spam scam that is prevalent as companies prepare tax information for employees (see US tax authorities warn of increasingly effective phishing spam-scam. It has also issued an explanation of how some fraudsters operate.

The 1 Malaysia Development Fund, which recently received a 17m cash injection from China, despite frequent protestations that there are no money issues, is rapidly turning into a rich income stream for regulators or the governments onto which it passes its profits. After being ordered to pay a substantial penalty in Singapore, RBS Coutts has now been ordered to stump up a lot of Swiss Francs by the authorities there.

BankWest, a division of Commonwealth Bank of Australia, failed to apply interest credits to offset accounts. It's having to make a big refund to thousands of customers.

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The USA's Internal Revenue Service has, for some time, been warning corporations of a spam-scam targeting companies. But now, it says, it has evidence that it is spreading into "school districts, tribal organizations and non-profits." and other sectors. But that's not all: the criminals have found a way of hitting the same targets twice.

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