Fri. Jun 21st, 2019

MOJ creates special anti-corruption review unit

Vice President and Minister of Justice Raynold Oilouch has ordered the creation of a special Anti-Corruption Review Unit to provide an alternative venue where a member of the public can report complaints of corruption against a public official.

In a memorandum dated October 30, Oilouch stated that in line with the government’s zero-tolerance policy against corruption, he is establishing the Anti-Corruption Review Unit which will be made up of three members namely the Attorney General (AG) Ernestine Rengiil or her designee, Narcotics Enforcement Agency (NEA) Director Ismael Aguon, or designee, and Criminal Investigation Division (CID) Chief Cleory Cleophas or his designee.

The AG or her designee is appointed by Oilouch to chair the unit, explaining further that the task of the unit is to receive complaints or allegations of corruption against government officials, receive evidence, conduct interviews or investigations, issue written report recommending actions to be taken.

“The special Anti-Corruption Review Unit may do whatever is necessary to protect any member of the public who may be making the complaint/allegation of corruption or wrongdoing,” the memorandum reads.

Oilouch, however, explained that the unit does not intend to replace the existing channels that handles work on investigations of crimes nor it hinders operations of any existing law enforcement agencies.

“This special Anti-Corruption Review Unit is only intended to provide additional and alternative avenue for any member of the public who wishes to make a report but is reluctant to go through the normal channel or process for any reason,” Oilouch stated, explaining further that the formed unit is merely there to complement the existing systems in the fight against corruption.

The role of each member to this unit will be an added responsibility to their held positions.

“The tasks of the special Anti-Corruption Review Unit are in addition to and, I believe, not inconsistent to your normal duties and responsibilities,” Oilouch told the three appointed members of the unit through the memorandum. (Rhealyn C. Pojas)


ICB Bank and Pangea Foundation to cooperate on a password-based financial services business

June 14, 2019 - Palau ICB Bank will launch new financial services based on the Pangea Foundation and cryptography promote business.

ICB Bank on Thursday, the cryptographic currency foundation Pangea (PAN) and block chain-based cryptography and signed business agreement to promote the financial services business.

ICB Bank uses the Pangea Foundation's password currency 'Pangea' to combine financial services. We plan to jointly promote various Pin Tech businesses.

In particular, ICB Bank is working with Pangea Foundation. ICB Bank promote issuance of visa cards and master cards based on cryptography. The company is releasing debit cards that can be settled as collateral.

If a Visa or Master Card is actually issued, payment will be made in everyday life anywhere in the world. It is becomes possible, consumers can use the Visa/Master Card on-line merchant's Bitcoin, Ethereum.

The bank, a financial institution works with the Cryptographic Fund to provide financial services that can be applied in everyday life. The roll out is expected to be the first in the block chain pin tech industry.

An official from the Pangea Foundation said, "Working with the bank, in the future, global credit card companies and we will expand services to Eurpoe, Latin America and other countries in connection with possible banks." he said.

On the other hand, Cryptography Pangea (PAN) is an ERC20-based token used for remittance and payment. Adds a centralize authentication agreement to decentralized lenders technology for faster transaction rates. Billing platform at the same time. Currently, Indonesia, Vietnam, Uzbekistan, Europe, etc. and the Cryptographic Exchange of eight countries in Southeast Asia and Latin America.

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