Global Witness says Libya loses millions via fraudulent L/Cs, central bank defends position
A new report published by Global Witness (GW) claims to show that Libya continues to lose millions of dollars a year through the fraudulent use of its letters of credit (LC) system run by the Central Bank of Libya (CBL). In response, the CBL has…
Trade Based Financial crimes News
Myanmar’s beneficial ownership disclosure insufficient says Global Witness
Myanmar’s first ever disclosure of beneficial ownership information in the oil, gas and mining sectors is an important step forward, but major problems with the data must be addressed according to a new report by Global Witness. The report, Out of the Shadows, says that…
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