Latest news with #FIC
Business Recorder
2 days ago
- Health
- Business Recorder
FIC: Minister displeased with state of affairs
LAHORE: Steps are under way to implement the vision of Punjab Chief Minister Maryam Nawaz Sharif for a healthy Punjab, Provincial Health Minister Khawaja Salman Rafique, said. During his visit to the Faisalabad Institute of Cardiology, Salman expressed his displeasure over the mismanagement of the queue management system and non-availability of medicines at FIC. He also visited the pathology lab and echography ward and inquired about the details of diagnostic tests and reporting time. Khawaja Salman Rafique also expressed his displeasure over the mistreatment of patients by the security staff and the poor hygiene conditions. The Minister and the Provincial Health Secretary inquired about the facilities available to patients individually in the emergency and OPD pharmacies and the provision of medicines. He directed authorities to create a regular mechanism for the availability of medicines other than heart disease for the patients under treatment. He inspected the packaging process and records of the supply of medicines to homes. Khawaja Salman said that Rs 33 billion were provided for the provision of medicines in the last fiscal year. 'Implementation of the SOPs of service delivery set by the Chief Minister of Punjab should be ensured. Strict action will be taken on complaints about ordering medicines from outside the hospital,' he added. The Minister said all medicines related to heart diseases should be available in the hospital, adding there is a zero tolerance policy for negligence in service delivery to patients. Provincial Health Secretary Azmat Mahmood Khan said that Rs 23 billion funds were provided to hospitals to pay the dues of previous years. 'As per the instructions of the Chief Minister, strict action will be taken on the non-availability of medicines to patients,' he said. Executive Director FIC Dr Hamid Saeed and MS Dr Nadeem Akhtar gave a briefing during the visit. Copyright Business Recorder, 2025
Zawya
5 days ago
- Business
- Zawya
Ghana: Finance Minister Inaugurates New Financial Intelligence Centre (FIC) Board
The Minister for Finance, Dr. Cassiel Ato Forson, has inaugurated a seven-member Board for the Financial Intelligence Centre (FIC). The new Board members are: Mr. Mike Kofi Afflu – Chairperson Mr. Albert Kwadwo Twum Boafo – Chief Executive Ms. Grace Mbrokoh-Ewoal – Ministry of Finance/Member Ms. Elizabeth Ama Yankah – National Security/member Dr. Kwasi Osei Yeboah – Member A representative from the Ministry of the Interior (Senior Police Officer) A representative from the Attorney-General's Department The Board has been tasked with supporting Ghana's fight against money laundering, terrorism financing, and other financial crimes. The FIC plays a crucial role in protecting Ghana's financial system, especially as fraud and financial crimes become more sophisticated. Distributed by APO Group on behalf of Ministry of Finance - Republic of Ghana.
See - Sada Elbalad
6 days ago
- Entertainment
- See - Sada Elbalad
Latifa to Perform at 58th Carthage Int'l Festival on July 25
Yara Sameh Tunisian superstar, Latifa will perform live at the 58th edition of the Carthage International Festival (FIC), in Carthage, Tunisia, on July 25. She is set to present several of her popular and latest songs. The festival, which runs from July 18 to August 17, is one of the most prestigious music festivals in the Arab world. It is also considered an essential station in the lives of many singers Most of the festival's activities are held inside the antique theater of Carthage. The theater was restored in the early twentieth century and has a capacity of 7,500 spectators capacity. Since its founding, the FIC hosted many famous singers such as Jean Michel Jarre, Dalida, James Brown, Louis Armstrong, Ray Charles, Saber Rebaï, Kadim Al Sahir, Najwa Karam, Sherine, and Majida El Roumi. Latifa Bint Alaya El Arfaoui, best known as Latifa, was born on February 14, 1961, in Manouba, Tunisia. The acclaimed singer is considered one of the Arab World's most talented singers. She got her chance after composer Mohamed Abdel Wahab heard her on the radio. read more New Tourism Route To Launch in Old Cairo Ahmed El Sakka-Led Play 'Sayidati Al Jamila' to Be Staged in KSA on Dec. 6 Mandy Moore Joins Season 2 of "Dr. Death" Anthology Series Don't Miss These Movies at 44th Cairo Int'l Film Festival Today Amr Diab to Headline KSA's MDLBEAST Soundstorm 2022 Festival Arts & Culture Mai Omar Stuns in Latest Instagram Photos Arts & Culture "The Flash" to End with Season 9 Arts & Culture Ministry of Culture Organizes four day Children's Film Festival Arts & Culture Canadian PM wishes Muslims Eid-al-Adha News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
Business Insider
02-07-2025
- Business
- Business Insider
Africa loses $88.6 billion each year to illegal money transfers
Africa is losing an estimated US$88.6 billion annually to illicit financial flows, according to a recent report by Ghana's Financial Intelligence Centre (FIC). Africa loses an estimated $88.6 billion annually to illicit financial flows, impacting economic development. Ghana achieved 42 convictions for money laundering-related offences in 2023, reflecting progress in combating these issues. Efforts include enhanced legal cooperation and institutional strengthening to address financial crimes across borders effectively. These losses are significantly undermining foreign direct investment (FDI), development assistance, and national efforts to drive economic transformation across the continent. The illicit outflows, driven by capital flight, tax evasion, money laundering, and proceeds of crimes such as bribery, corruption, and illegal mining, continue to rob African countries of essential resources required for infrastructure, healthcare, education, and sustainable development. Ghana records 42 money laundering convictions in 2023 Ghana's FIC revealed that in 2023, the country secured 42 convictions for money laundering-related offences. Fraud was the most common offence, accounting for 22 convictions, followed by forgery (17) and drug trafficking (3). FIC calls for National support to tackle financial crime At a sensitisation forum held in Tamale in the Northern Region, FIC representative Madam Yvette Anthea Owusu addressed members of the media and civil society, highlighting the damaging impact of illicit financial flows on national development. 'These acts make it difficult for countries to access the funds required to execute development projects for economic growth,' she noted. The forum, themed 'Building Political Will and Public Support for Asset Recovery in Ghana', was organised by the Ghana Anti-Corruption Coalition (GACC) with support from the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA). The initiative, spanning three months and covering five regions, aims to raise awareness of asset recovery processes, legal frameworks, and institutional roles in fighting corruption. Madam Owusu acknowledged Ghana's gradual progress in asset recovery, attributing gains to stronger cooperation between key institutions such as the FIC, revenue and security agencies, and international counterparts. 'Ghana is gradually making progress in the asset recovery regime despite existing challenges, owing to stringent measures put in place to curb money laundering,' she said. Referencing Article 13 of the United Nations Convention Against Corruption (UNCAC), she underscored the role of civil society and the media in combating corruption. The article calls for public participation and the inclusion of non-governmental organisations in anti-corruption measures. She also highlighted Ghana's ongoing mutual legal assistance with other jurisdictions to prosecute cross-border financial crimes. Call for stronger media involvement and government support Madam Owusu encouraged journalists to serve as watchdogs in collaboration with civil society organisations (CSOs) to educate the public and help trace illicit assets. 'Investigative journalism plays a critical role in the fight against corruption,' she stressed. Benjamin Ndego, representing the Economic and Organised Crime Office (EOCO), emphasised the importance of public trust and transparency in asset recovery efforts. He said EOCO is increasing the use of legal tools, including plea bargaining, to improve outcomes and reduce costs. He also appealed for more funding, legal resources, and public awareness support from the government, CSOs, and development partners. Media and CSOs key to building asset recovery awareness Speaking on the rationale behind the outreach programme, Solomon Nyankah of the GACC said the initiative was necessary due to Ghana's ongoing losses from illicit financial activities. 'We initiated this project because we recognised a need to educate the public, especially media and CSOs, about the asset recovery regime and the importance of their roles in informing the wider population,' he explained.
Mint
02-07-2025
- Business
- Mint
Anil Ambani responds to SBI's ‘fraud' tag on Reliance Communications' loan account: ‘Shocked to receive the order…'
Reliance Group's chairman, Anil Ambani, on Wednesday, 2 July 2025, responded to the State Bank of India's 'fraud' tag on Reliance Communications' loan account, saying that he was shocked to receive the ex-parte order from the Fraud Identification Committee (FIC) of the State-run bank, according to the official statement sent to SBI via his lawyers. Agarwal Law Associates, the law firm representing Ambani, alleged that the Bank did not respond to Ambani's latest communication related to the case. 'Our Client is shocked to receive the ex-parte order of the Fraud Identification Committee (FIC) of the Bank, purportedly classifying the loan account of RCOM as fraud, after almost a year of the Bank not responding to our Client's last communication,' said Anil Ambani through his lawyers at Agarwal Law Associates in a letter. The law firm also claimed that the show cause notice was issued prior to the revision of the RBI Master Directions released on 15 July 2024, which 'superseded' the directions under which the Bank's show cause notice was issued. They also said that the Bank would need to withdraw the show cause notice, given that the "extended silence of almost one year on behalf of the bank' had made the company and Ambani realise that SBI had accepted the position and did not intend to precipitate the matter. (This is a developing story. Please check back for updates.)
