A local banker admitted in San Diego federal court Thursday that he caused Citibank to fail to report suspicious transactions and fail to maintain an effective anti-money laundering compliance program. Raymundo Navarrette, 51, pleaded guilty to bank bribery and will be sentenced Nov. 13. In his plea agreement, Navarrette admitted that he used his position within […]

PetroChina’s supplier Wison Engineering Services Co Ltd and its chairman Hua Bangsong have both been found guilty of paying bribes, the company said in a Hong Kong stock exchange filing. A Chinese court has ordered Wison to pay a fine of 30 million yuan ($4.83 million) and sentenced the chairman to 36 months in jail […]

It’s bad enough that just getting things done in Russia, from beating a speeding ticket to running a business, often means paying a kickback. But now it’s worse: You’ve got to pay twice as much. Russia’s Interior Ministry told reporters in late July that the average bribe may have doubled from around 109,000 rubles last year to 208,000 today. In dollars, that increase is nowhere nearly […]

Brazilian prosecutors officially charged Marcelo Odebrecht, CEO of construction firm Odebrecht SA, with corruption on Friday as part of a sweeping probe into oil and gas firms. Odebrecht was charged with corruption, money laundering and criminal conspiracy, Reuters said. Prosecutors also allege that Odebrecht SA laundered more than 1 billion reais, or about $300 million, […]

A small company based in Rotherham could be about to make a dubious kind of history by being the first in the UK to strike a new form of plea deal in order to avoid prosecution on bribery allegations. Sarclad, which provides technology products to the metals industry and also has operations in China, is […]

The indictments of the FIFA leadership provide an interesting global anti-corruption case study complete with sports, pop-culture, international intrigue, corruption at the highest levels, bribery in the millions of dollars, money laundering and racketeering not seen since the mob days of organized crime. The arrests come from years of investigation and stem from a culture […]

Internal documents seen by the Guardian suggest the UK catering giant’s Kazakh unit made ‘facilitation payments’ for an unspecified period up to 2011 An international subsidiary of Compass Group, the British catering giant that supplies more than 1,500 UK primary schools and 30 NHS Trusts, paid bribes to government officials in Kazakhstan, documents seen by […]

In Krolls 2015 ABC Report, Kroll asked respondents to identify what they considered to be the type of corrupt behavior the chief compliance officer must guard against. The primary answers are bribery (93%), money laundering (61%), bid-rigging (60%), and price fixing (56%). Trailing further behind “the big four” corruption risks are conflict minerals (27%) and […]