Politically Exposed Person (PEP) Weekly Digest – Volume 70

70th PEP Weekly Digest:

Introducing the 70th edition of The PEP Weekly Digest, where we present to you the most recent updates and news on the global political stage.

Recent and upcoming elections influence the worldwide political landscape in eight nations, slated between Sep 22, 2024 and Oct 26, 2024. These elections hold significant importance, as they will determine the direction and governance of each respective country’s future.

Resignations In Indonesia: Two Ministers Step Down For New Parliamentary Roles

One noteworthy event has occurred in Indonesia, two Indonesian ministers have submitted their resignations to President Joko Widodo (Jokowi) following their election as members of the incoming parliament for the 2024–2029 term. In a written statement, the president’s special staff coordinator, Ari Dwipayana, said President Jokowi has approved the resignations of Minister of Villages, Development of Disadvantaged Regions, and Transmigration, Abdul Halim Iskandar, and Minister of Manpower, Ida Fauziyah. With the approval, a presidential decree to formally discharge Iskandar and Fauziyah will soon be issued, Dwipayana added. “The presidential decision is being processed by the State Secretariat Ministry,” he said, noting that President Jokowi will reassign their duties to the respective coordinating ministers.

Maldives Cabinet Reshuffle: Mohamed Shafeeq Has resigned As Minister Of Finance

Shifting our focus to Maldives, Former Foreign Minister Moosa Zameer was appointed Finance Minister on Monday after former Finance Minister Dr. Mohamed Shafeeq resigned, the government has said. According to a news posted on the President’s Office website to announce the cabinet reshuffle, Shafeeq submitted his resignation on Monday. However, the government did not mention the reason for his resignation. Shafeeq has also not commented.

Mexico’s President-Elect Names New Deputy Finance Minister Ahead Of Inauguration

In Mexico, President-Elect Claudia Sheinbaum on Tuesday named Edgar Amador Zamora as her new deputy finance minister, replacing Gabriel Yorio, one day ahead of her official inauguration.

Singapore Enhances Anti-Money Laundering Measures Amid Regulatory Overhaul

In the realm of regulatory affairs, Singapore authorities announced new measures to tackle money laundering, including inter-agency data-sharing, striking off of inactive companies and channels and programmes to get businesses to report suspicious activities. The tightened framework follows the formation of a ministerial committee to review rules after the discovery of a massive money laundering network last year, which led to the seizure of more $2.2 billion of assets and the jailing of 10 foreigners for laundering vast sums of money in the Asian financial hub.

Singapore Court Sentences Former Minister For Corruption

Shifting our attention to legal advancements, a Singapore court has sentenced a former minister to 12 months in prison for obstructing justice and receiving more than $300,000 worth of gifts in the Asian city-state’s first political corruption trial for nearly half a century. S Iswaran, who was a cabinet member for 13 years and has held the trade, communications and transport portfolios, pleaded guilty last week to four counts of improperly receiving gifts and one of obstructing justice.

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