CHINA: China cracks down on smuggling with over 5,700 cases investigated

Anti-smuggling departments of customs across China carried out a series of special campaigns targeting smuggling in 2024, investigating more than 5,700 cases, the Ministry of Public Security said.

About 64 percent of these cases were criminal and involved tax evasion, according to the ministry. The departments focused on key goods such as refined oil, cigarettes and frozen marine products.

As part of these efforts, customs in Fuzhou, Fujian province, cracked a major case of refined oil smuggling.

22 August 2024

AFRICA: Nigeria SEC Plans to Approve Crypto Platforms as Use Grows

Nigeria’s SEC to license digital asset providers, ensuring market regulation.Despite a ban, Nigerian traders stay active, with SEC aiming for balanced fintech growth.Nigeria is on the cusp of a financial

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27 December 2024

US: Corporate Transparency Act reporting requirements reinstated

On December 23, 2024, a three-judge panel of the United States Court of Appeals for the Fifth Circuit stayed the nationwide preliminary injunction, reinstating the reporting requirements under the Corporate

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13 March 2024

MALTA: One in four applicants for Maltese citizenship refused

Almost one in four applicants for Malta’s golden passport scheme are refused, official data seen by the Times of Malta shows. Around half the refused applications came from Russian nationals while

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6 March 2024

US: Treasury Department, IRS Release Final Rules on Clean Energy Tax Credits

The U.S. Department of the Treasury and IRS have released final rules on Inflation Reduction Act provisions that aim to expand the reach of the clean energy tax credits. The Act created the new elective

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