Embezzlement sanctions in Alberta: Pay $3.4 million
More than 200 people had invested in Summerside Plaza, which opened in 2015 south of Edmonton, Canada. The Alberta securities watchdog found that a Calgary man violated the province’s laws and ordered him to pay $3.4 million. Last year, a panel from Alberta’s Alberta Securities Commission (ASC) found that Ali Ghani and five entities he […]
He’s now a billionaire criminal
87-year-old Joe Lewis has been sentenced to three years of probation for leaking information. With a fortune of $7.3 billion, Lewis joins the ranks of billionaires who have been convicted of a crime but managed to protect their fortunes. The 87-year-old founder of the Tavistock Group was spared prison time by a federal judge in […]
The EU announced the expected decision: Iran’s Censoring Tech Firm Removed from Sanctions List
Despite protests by Iranian democracy activists, the European Union has removed ArvanCloud, an Iranian technology firm accused of censorship, from its human rights sanctions list. According to the official gazette of the European Union, Arvan Cloud (also known as Abr Arvan; Noyan Abr Arvan Co.; Arwan Company; Arvancloud) has been removed from the sanctions list. […]
India digitizes sanctions and approvals
The Ministry of Road Transport and Highways (MoRTH) is making the sanctioning and approval process of national highways paperless. A new standard operating procedure (SoP) has been finalized to speed up the process. The new procedure has been made mandatory for all work carried out through the National Highways Authority of India, state governments, Border […]
Grant Thornton UK LLP sanctioned over pension fund
13 Grant Thornton UK LLP has been sanctioned for failing to comply with the Regulatory Framework for Auditing in its audit of a local authority pension fund for the year ending March 2021. The FRC’s enforcement committee said it found a significant departure from the standards expected of the Registered Auditor and identified failings that […]