COGNICURRENT

The article discusses the ongoing investigation into the North Korean remittance case related to Sangbangwool, highlighted by an interview with prosecutor Park Sang-yong, as political tensions rise in South Korea.

A new 1% tax on certain remittance transfers from the United States is causing financial distress for Dominican families reliant on these funds.

The Nigerian National Petroleum Company Ltd and government consultants disagree on a $42.3 billion under-remittance owed to the Federation Account, complicating ongoing reconciliation efforts.

Allegations have surfaced that Kim Sung-tae, a key figure in the North Korean remittance scandal, received preferential treatment while meeting with company associates in a prosecutor's office room during his investigation.

Jeong Cheong-rae, the leader of the Democratic Party, has vowed to send prosecutors involved in the manipulation of the North Korean remittance case to prison and called for the dismissal of related charges.

The investigation into the North Korean remittance scandal showed apparent favoritism towards key witnesses, revealing significant discrepancies in the handling of the inquiry by prosecutors.

The Nigerian Federal Government has revised its oil revenue remittance framework to reflect industry realities while maintaining direct remittance mandates for oil-related revenues.

The Nigeria Governors’ Forum has expressed support for President Tinubu's Executive Order on the remittance of oil and gas revenues directly into the Federation Account, emphasizing the importance of fiscal transparency and constitutional adherence.

January 2026 saw the weakest remittance inflow to Mexico since 2015, with a 1.4% year-on-year decline, totaling $4.594 billion according to Banxico.

The article covers significant political and economic developments in Nigeria, including the appointment of a new Inspector-General of Police, the government's new oil revenue policy, and political accusations amid the upcoming elections.

The Nigeria Governors’ Forum has endorsed direct remittance of oil and gas revenues into the Federation Account, emphasizing the importance of fiscal transparency and constitutional alignment.

Lee Byung-tae, a controversial figure in South Korea, has been appointed alongside Jeong Il-yeon, a lawyer involved in a high-profile North Korea remittance case, raising public concerns.

President Bola Ahmed Tinubu has issued an executive order aimed at stopping revenue leakages in Nigeria's oil and gas sector by mandating direct remittance of petroleum proceeds to the Federation Account.

Nigeria's president has mandated direct remittance of oil and gas revenues to the Federation Account, addressing inefficient spending by the Nigerian National Petroleum Corporation Limited.

The article discusses President Bola Tinubu's Executive Order No. 9, which undermines the Petroleum Industry Act by allowing direct revenue remittance from the NNPCL to the Federation Account, raising constitutional crisis questions regarding executive power in Nigeria.

A proposed bill in Utah aims to impose a 2% tax on international money transfers, raising concerns among migrants and their families regarding the impact on financial support.

The Revenue Mobilisation Allocation and Fiscal Commission has endorsed President Bola Tinubu's executive order mandating direct remittance of oil and gas revenues to the federation account, citing it will enhance revenue inflows and reduce leakages.

The Revenue Mobilisation Allocation and Fiscal Commission has stated that President Bola Tinubu’s Executive Order on oil and gas revenue remittance will enhance funds to the Federation Account and reduce revenue leakages.

The prosecution has appealed a court ruling that dismissed charges against Kim Sung-tae regarding remittances to North Korea, asserting it constitutes both a violation of foreign exchange laws and a bribery offense.

The Nigerian Content Development and Monitoring Board (NCDMB) has reiterated the obligation for oil and gas operators to remit a 1% levy to the Nigerian Content Development Fund.

A man in Fukuoka has been arrested for allegedly exchanging cryptocurrency without registration by utilizing a remittance function of an online casino.

Former Ssangbangwool Group chairman Kim Seong-tae had his indictment for allegedly providing third-party bribes to President Lee Jae-myung through remittances to North Korea dismissed in court.

The Greek Competition Commission is prioritizing an investigation into potential illegal practices within the remittance services market, prompted by complaints and proactive inquiries.

Lee Seong-yoon, a member of the Democratic Party, expresses regret over the controversy surrounding his recommendation of lawyer Jeon Jun-cheol for a special prosecutor position amid allegations of false claims related to a North Korean fund remittance scandal.

Ecuadorian migrants are forming collectives to invest in housing in the U.S. in an effort to sustain remittance flows amid job challenges under U.S. immigration policies.

Multiple significant developments emerged in Nigeria, including condemnation of Kwara State killings by the US, a N2.9bn remittance from the FHA to the Federal Government, and a call for real-time election result uploads from former vice-presidential candidate Oby Ezekwesili.

In 2026, remittance flows to Mexico will face major risks from a potential economic slowdown in the United States, strict immigration policies, and the appreciation of the Mexican peso, according to BBVA Mexico.

K-Bank is partnering with Thailand's Kasikornbank and others to promote international remittance and payment services using blockchain technology.