Political uncertainty and over-reliance on external borrowing make the country more vulnerable than lower-rated sovereigns.

If Astana and Tashkent can tackle long-term obstacles to growth, there’s great potential in the region.

Kazakhstan’s government is asking an appeals court to throw out a decision that allowed BNY Mellon to freeze about $22 billion of assets in the country’s oil fund as part of a dispute over an unpaid arbitration award.

Earlier this month, the UK’s parliament backed a change to legislation that would force the government to push offshore tax havens to boost transparency in an effort to tackle corruption and money laundering. Without much enthusiasm, the government has announced not to oppose a cross-party amendment, writes Bill Wirtz.

Malaysian police said on Friday that cash worth 114 million ringgit ($28.6 million) and over 400 luxury handbags were seized from several apartments as part of an anti-graft probe into a state fund founded by former premier Najib Razak.

Banks operating in the Baltic nation of Estonia may have laundered considerably larger sums than first thought.