The Commission is today issuing Instruction Number 01/2016 for Financial Services Businesses and Prescribed Businesses replacing Instruction No. 04/2015 issued on 19 November 2015. Myanmar has now been added to Part B of the Instruction which lists countries and territories with improving Global AML/CFT Compliance. This means that financial services businesses and prescribed businesses may […]

Fourteen politicians in the Pacific island nation of Vanuatu have been handed jail sentences for corruption. The members of parliament were convicted of bribery on 9 October, when President Baldwin Lonsdale was abroad. In his absence, Parliamentary Speaker Marcellino Pipite used his powers as acting president to pardon himself and the others. On his return […]