News
FATF Urges India To Strengthen Banking Checks On Politicians, Officials, And Their Families
The Financial Action Task Force (FATF), a global anti-money laundering watchdog, has recommended that India enhance due diligence on the bank accounts of local politicians, government officials, and their families. The suggestion for more rigorous checks on the finances of politically exposed persons (PEPs) is part of a FATF review of India’s anti-money laundering systems, which began in 2023.
According to global rules, politicians, their families, and close associates are subject to checks on their bank accounts due to their potential susceptibility to bribery and corruption. The FATF report recommends more rigorous monitoring of the source of funds in the accounts of domestic PEPs and requires senior bank managers to approve any new accounts for them or their families.
India already implements strict banking checks on foreign political figures, but the government had previously stated that it did not intend to put domestic political figures under stricter banking scrutiny. However, the FATF’s recommendations may prompt a change in this stance.
The FATF rated India as “compliant” and “largely compliant” on 37 out of the 40 parameters for enforcing anti-money laundering laws. The three areas where there is partial compliance include bank scrutiny of domestic political figures and oversight of the finances of non-profit organizations and non-financial businesses and professionals.
The FATF’s interim report, discussed at the June meeting in Singapore, recommended that India expedite the prosecution of money laundering and terrorist financing cases while ensuring that non-profit organizations are not unfairly targeted.
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Cybersecurity and Data Protection in Africa
Kimma Wreh (CIO, Excel Global Media Group Inc) provided keynote address on Cybersecurity and Data Protection in Africa at the Innovate Africa Conference 2024. The conference was held at George Washington University in Washington DC in September 2024.
To book Kimma, send email to exceltekay@gmail.com or call 832-483-4864.
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Olojo Festival: Honoring the Gods and Celebrating Yoruba Heritage
The Olojo Festival, an ancient and vibrant Yoruba festival, is a grand celebration held annually in Ile-Ife, Nigeria, to honor Ogun, the god of iron and war, and the rich heritage of the Yoruba people. This deeply spiritual festival brings thousands of people together, showcasing traditional customs, colorful attire, music, and rituals that highlight Yoruba history and mythology.
The highlight of the event is the appearance of the Ooni of Ife, who dons the sacred Are Crown, believed to hold immense spiritual power. Through processions, sacrifices, and community gatherings, the Olojo Festival strengthens cultural identity, unites people, and pays homage to the gods. As an enduring celebration of Yoruba pride, it captivates locals and visitors alike, reminding all of the deep cultural legacy of Ile-Ife.
Welcome to the highly anticipated 23rd volume of Diaspora Watch, your indispensable source connecting the vibrant African diaspora around the world! This edition is packed with captivating stories and in-depth analysis.
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Ademola Lookman Tipped as Favorite for 2024 CAF Player of the Year Award
Ademola Lookman, the Nigerian forward making waves across African and European football, has emerged as a leading contender for the prestigious 2024 CAF Player of the Year Award. Known for his agility, sharp finishing, and impactful performances, Lookman has consistently delivered for both club and country, contributing crucial goals and assists throughout the season.
His influence on the pitch and commitment to excellence have caught the eye of football analysts, who see him as a potential winner. If crowned, Lookman would join the ranks of African football legends who have claimed this title, cementing his status among the continent’s elite players. Fans are eagerly awaiting the CAF Awards ceremony to see if Lookman’s stellar season will be rewarded.
Welcome to the highly anticipated 23rd volume of Diaspora Watch, your indispensable source connecting the vibrant African diaspora around the world! This edition is packed with captivating stories and in-depth analysis.
FREE Digital View: https://www.flipsnack.com/excelglobalmedia/diaspora-watch-vol-23-nov-4-10-2024/full-view.html
Print on Demand: https://www.magcloud.com/browse/issue/2935447?__r=1069759
SUBSCRIBE TO DIASPORA WATCH NOW ON THE BELOW LINK !!!
https://diasporawatch.com/subscribe-to-diaspora-watch-newspaper/