An Algerian court Thursday jailed 14 people and fined seven foreign companies after they were found guilty of corruption, money laundering, and embezzling public funds in a huge highway construction project.
Entries in Algeria (21)
Sri Lanka this month became the latest of at least five countries to shut down huge China-backed infrastructure and telecoms projects tainted by allegations of corruption.
A corruption trial involving former executives at Algeria's state-owned oil company Sonatrach was adjourned Sunday shortly after it began when witnesses failed to appear.
The U.S. Treasury Department's Financial Crimes Enforcement Network sets risk-based compliance obligations of U.S. financial institutions. FinCEN directs counter-measures against the countries with the highest risk and enhanced due diligence against others.
The Organization of the Petroleum Exporting Countries was founded in Baghdad in 1960 by five countries -- Iraq, Iran, Kuwait, Saudi Arabia, and Venezuela. It later expanded to the current twelve members.
The CEO of Italian energy giant Eni, Paolo Scaroni, was sentenced to three years in prison Monday over inadequate environmental standards at a power plant when he was CEO at Italian utility Enel.
The Financial Action Task Force (FATF) identified jurisdictions that have strategic deficiencies in their anti-money laundering and financing of terrorism controls in a public statement last Friday.
Italian state-owned oil giant Eni SpA said a forensic audit proved the company didn’t pay any bribes in Algeria.
Algeria's former energy minister is wanted on an international arrest warrant for alleged corruption following accusations of bribery involving Italian energy giant Eni.
The former head of a Montreal hospital was arrested in Panama Monday on an Interpol warrant charging him with fraud.