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The Supreme Court of Kenya reversed the Court of Appeal ruling on Tuesday that declared the Finance Act 2023 unconstitutional. President Ruto signed the Finance Act 2023 into law on June 26, 2023, but it was later contested for unconstitutionality in the High Court.
The UN Climate Change Conference (COP29) closed Sunday with the central focus of climate finance. Nearly 200 countries gathered in Baku agreed to triple finance contributions to developing countries, with 300 billion dollars pledged annually by 2035. trillion dollars annually by 2035. trillion dollars annually by 2035.
Mozambiques former finance minister, Manuel Chang, has been sentenced to serve eight-and-a-half years in prison this Friday for his role in the “tuna bond” scandal by a Brooklyn court. In 2005, Mozambique’s President Armando Guebuza named Manuel Chang as Minister of Finance to lead the fight against poverty.
A Ugandan court on Wednesday charged nine senior officials from the Ministry of Finance, Planning, and Economic Development over their alleged involvement in corruption, electronic fraud, and money laundering in connection with a hacking incident that led to a financial loss of at least $21 million from the countrys central bank.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. Are you ready to elevate your accounting processes for 2025? Learn actionable strategies to enhance efficiency, reduce errors, and leverage technology for smarter workflows.
Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AIs fast paced impact on the banking and finance sectors. s Existential Risk?;
Following the rejection of the first draft, the COP29 Presidency asserted that the New Collective Quantified Goal on Climate Finance (NCQG) requires countries to cooperate to increase the financing to poorer nations for climate action, targeting a minimum of US $1.3 The US$250 billion per year in public finance is peanuts.
Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions.
Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions.
Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
The Supreme Court of Canada ruled Friday that a provision of an Ontario election finance law violated the constitutional right to vote, finding the provision to be invalid and of no effect. The post Canada top court strikes down election finance law provision for infringing right to vote appeared first on JURIST - News.
A local court in South Korea issued a pretrial arrest warrant on Friday for a former lawmaker and political consultant in a high-profile campaign finance scandal that has implicated President Yoon Suk Yeol and First Lady Kim Keon-hee.
The Kenya Court of Appeal at Nairobi delivered a judgement Wednesday rendering the controversial Finance Act 2023 unconstitutional. The Finance Bill 2023 was tabled before the National Assembly on May 4, 2023. It was later assented to by the president on June 26, 2023 and became Finance Act 2023.
The International Court of Justice (ICJ) found Wednesday that Russia failed to investigate Ukrainian claims that Russians were financing terrorism in Ukraine, in violation of Russia’s obligations under Article 9 of the International Convention for the Suppression of the Financing of Terrorism (ICSFT).
Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage and financial stability!
On Tuesday, June 18, and Thursday, June 20, Kenyan youth took to the streets of Nairobi’s Central Business District to protest against the proposed Finance Bill 2024 during its first and second readings. Despite the protests, the Finance Bill passed its second reading with 204 Members of Parliament voting in favor and 115 against.
The post US Supreme Court refuses to hear challenge to Alaska campaign finance measure appeared first on JURIST - News. Both the claims initiated in New Jersey and New York were voluntarily dismissed by the plaintiff, Liberty Justice Center.
Police Scotland announced on Sunday that former first minister Nicola Sturgeon was arrested in relation to party finances. It follows the arrest of her husband , Scottish National Party (SNP) Chief Executive Peter Murell, in relation to party finances under a sting codenamed Operation Branchform.
Malaysia’s former finance minister, Tun Abdul Daim bin Zainuddin, was charged Monday for failing to comply with the Malaysian Anti-Corruption Commission (MACC) order to declare his assets. Zainuddin served as finance minister from 1984 to 1991 and 1999 to 2001.
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In 2017, Morocco’s foreign exchange authority, the Office des Changes, banned cryptocurrency transactions, citing fraud risks, money laundering, and terrorism financing. Regulation could attract investment in blockchain technologies, foster financial inclusion, and provide a structured environment for adopting digital finance.
Additionally, it includes freezing the assets of human rights organizations and issuing arrest warrants against activists under the Anti-Terrorism Act of 2020 and the Terrorism Financing Prevention and Suppression Act of 2012 for terrorism-related charges.
A Court of Appeal in Kenya lifted the suspension on the controversial Finance Act 2023 on Friday. The applicants in the appeal argued that the Finance Act’s suspension would disrupt crucial government operations and cause substantial financial losses, hindering executive duties.
That issue is the proposed Finance Bill , 2023, that President Ruto and his supporters want to legislate. I cannot remember the last time a bill was met with so much hatred and controversy like the Finance bill. It has been nearly two months and all Kenyans have been discussing is the Finance Bill and how disastrous it is.
This guide simplifies the complex world of litigation financing and compares different models and how they can impact the access to justice your firm provides to clients. From multimillion-dollar funding, to no-interest deferred payment options for your court reporting and deposition needs, our guide walks you through the entire process.
Frenchie Mae Cumpio, now a 25-year-old investigative journalist, appeared before the Tacloban City Regional Court on Monday to defend her charges of illegal possession of firearms and financing terrorism , which can attract a maximum of 12 and 40 years imprisonment respectively.
Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AIs fast paced impact on the banking and finance sectors.
A US federal jury on Thursday convicted Manuel Chang, a former finance minister of Mozambique, of conspiracy to commit fraud and money laundering for his involvement in a two billion dollar loan fraud to fund fishing projects. The charges can lead to a prison sentence of up to 20 years. Chang was extradited to New York in 2023.
Sarkozy and his twelve co-defendants will stand trial on charges such as corruption and illegal financing in 2025. The former head of state denies this allegation, yet he will face court proceedings on charges of passive corruption, illicit campaign financing, unlawful conspiracy and embezzlement of Libyan state funds.
Cash flow management especially can be a top priority for finance, procurement, and other business leaders. When you have instant access to your contract data, making strategic decisions in tough times (and good times) becomes much easier.
South African authorities extradited Mozambique’s former Finance Minister Manuel Chang to the US on Wednesday to face corruption charges. Although he denies wrongdoing, evidence shows that Chang signed off on these loans during his 2005-2015 term as finance minister. 62 of 1962. .”
Amnesty International (AI) welcomed on Tuesday Itaipu Binacional s decision to finance the restitution of indigenous land in Brazil to the Av Guaran Paranaense people (“the Av Guaran”). These lands were previously dispossessed for the construction of the Itaip hydroelectric dam, a joint project between Brazil and Paraguay.
Keeping tabs on your firms finances shouldnt feel like a scavenger hunt, especially when using a comprehensive accounting system. Understanding Law Firm Finances Law firm finances are complex and multifaceted, involving various financial activities such as client invoicing, bookkeeping, and financial reporting.
Furthermore, this year’s UN climate conference COP29 focused primarily on climate finance but was perceived as a disappointment by developing countries, which deemed the finance proposals as inadequate to address the damages suffered by their nations.
We are proud to welcome Andy Fitch, who joined the Sabin Center as a Climate Finance and Regulation Fellow in April 2025. His work covers intersections of ESG and antitrust law with sustainability and climate-resiliency goals. He focuses on regulatory and policy responses to climate-related financial risk at the federal and state level.
The group also invited states to contribute to the tribunal’s financing and operational resources through an instrument established for these purposes. The Core Group reaffirmed the critical importance of adhering to applicable international law in any future proceedings of an established Special Tribunal.
The Corporate Transparency Act (CTA) is a federal law aimed at combating money laundering, terrorism financing, and other illicit activities by increasing transparency about who controls and owns corporations and LLCs.
Egyptian human rights activist Hossam Bahgat was released on bail Sunday after facing charges of joining and financing a terrorist group and spreading false news, according to the Egyptian Initiative for Personal Rights (EIPR).
The 20-month investigation uncovered, among other findings, a previously unreported flight to Saranac, New York, and a 2021 yacht trip to New York City, both financed by Texas billionaire Harlan Crow. Republicans on the Committee did not participate in the investigation.
According to the Atlantic Council, even though TikTok and Telegram influencers may have been paid to support a candidate’s cause and haven’t disclosed these payments following campaign financing rules, this does fall into the category of potentially illegal behavior.
In a financial mobilization statement issued before the World Economic Forum in Davos, the organization highlighted the shortcomings of existing climate finance strategies, which do not adequately tackle the growing effects of climate change, especially in low-income and climate-sensitive countries.
Which billionaire and former finance chair of the RNC is asking the Supreme Court to reconsider its actual malice standard, in an attempt to revive his defamation lawsuit against the Associated Press and one of its journalists over a 2018 article? Note: Welcome to our daily feature Trivia Question of the Day!
Saul called for improved prison conditions and the safeguarding of civil society rights under the 2023 counter-financing of terrorism legislation. Weekly transportation from Liberia has reunited thousands with their families, while UNHCR provides financial assistance to facilitate reintegration. However, challenges remain.
Ye ah , thats more like it; the more regular ly you review your law firm finances, the better. So, maybe you can actually check your law firm finances more than once per day. You know, so you can actually do something about what you see. Like quarterly, or monthly. Better yet: weekly. How about: daily.
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