money laundering

End of the road for Ghana Bank official, sacked after taking King’s cash by cab for depositing

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In August 2016 when Mark Arthur was called to “attend” His Majesty, Ghana’s King Otumfuo Osei Tutu II, he was the second most senior officer in Ghana International Bank PLC. He had first started work at the bank in 1988 and had risen through the ranks since then to become an executive director of the bank as well as a member of its board of directors. And, at least until his visit to the king that morning, he had an “unblemished disciplinary and performance record.”

Liberia’s “tardiness” over money laundering investigations “condemned” by West African regional court

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At the heart of the case is Dexter Oil Ltd, based in the Liberian capital of Monrovia, but whose shareholders and directors are Nigerian. Fed up because the Liberian authorities froze $3m that was in Dexter Oil’s account, its directors asked the judges of the regional court – the Community Court of Justice of the Economic Community of West African States (ECOWAS) – to find that the company’s right to property was violated.

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