Top 10 HNWIs in Africa

By: Wealth-X The wealthiest man in Africa is Nigeria’s Aliko Mohammed Dangote, a self-made business tycoon with a personal fortune of US$17 billion. He leads the Wealth-X list of Africa’s wealthiest individuals, which is primarily dominated by South Africans and Egyptians. With a combined fortune of US$73.2 billion, these 10 individuals account for 0.4 percent […]

Strengthening AML regulations across the world

Money Laundering laws strengthened in Bahrain Money Laundering regulations in Bahrain have been strengthened following the signing of a Royal Decree by Sheikh Hamad bin Isa Al Khalifa.  In an amendment to the Money Laundering and Counter Terrorism regulations, security services have been given extended powers to co-ordinate with other countries in cracking down on […]

AML in the News

BaFin is checking Deutsche Bank AML controls According to Reuters, the German regulator, BaFin, is looking into whether Deutsche Bank needs to tighten up its Anti Money Laundering (AML) controls.  The regulator is apparently concerned at potential delays in reporting suspicious cases to the police.  Whilst both BaFin and Deutsche Bank wouldn’t comment specifically on […]

Targeting new wealth in Africa

Barclays is joining Citigroup and UBS in targeting millionaire clients in Africa by creating Barclays Africa, through a merger with Absa Group. That will give Barclays access to 1200 branches across the continent and estimated 128 million households. The number of Africans with at least $1 million of investible assets climbed 9.9% in 2012 to 140 […]

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