Financial Transparency Coalition

ALEXANDRIA, VA. -- Former U.S. Rep. William Jefferson is the first and only U.S. public official to be charged under the Foreign Corrupt Practices Act since it was enacted in 1977.

The Swiss bank UBS and United States federal prosecutors sought Sunday to delay a hearing scheduled for Monday so the two sides could try to settle their closely watched dispute over the release of names of wealthy American clients of the bank who are suspected of offshore tax evasion.

The taxman is losing an estimated Sh100 million every week in a tax evasion scheme involving unscrupulous importers working with corrupt customs and airport officials, according to the findings of a Sunday Nation investigation.

MOSCOW (Reuters) - A new top-level U.S.-Russia commission set up by Presidents Barack Obama and Dmitry Medvedev should help investors resolve problems such as corruption and bureaucracy which are impeding trade, a business leader said.