The UK’s Serious Fraud Office is gradually lengthening the role of prosecutions for overseas corruption with an important new prosecution, and clear indications that more are in the pipeline. The new case involves Smith & Ouzman, a printing company, and four individuals connected with it. The company and some of its officers are accused of […]

The EU must grab the opportunity to shine a light on the secretive world of shell companies when it revises its money laundering rules, writes Catherine Olier. Catherine Olier is Oxfam’s EU policy advisor What do US food trader Cargill, German car maker Daimler AG, and computer giant Apple all have in common? At first, […]

Jersey has its own legal system and is a separate jurisdiction from that of England and Wales. To combat bribery and corruption, it enacted the Corruption (Jersey) Law 2006 (the “Corruption Law”), which came into force in March 2007. However, the United Kingdom’s Bribery Act 2010 (the “Bribery Act”), which came into force on 1 […]

Following the Financial Action Task Force (FATF) plenary meeting, a best practices paper on the use of the FATF recommendations to combat corruption has been published. FATF has identified a number of jurisdictions which have deficiencies in their strategies for anti-money laundering and combating the financing of terrorism (AML/CTF) and is working with each jurisdiction […]

There have been seven further arrests this month in connection with Operation Elveden, an investigation into inappropriate payments made to police and public officials by journalists. Two journalists from the Sun have been charged, along with a former health care assistant at the Broadmoor high-security psychiatric hospital, with conspiring to commit misconduct in a public […]

Transparency International’s 2013 Global Corruption Survey paints a worrying picture of corruption and bribery in the UK Last week’s publication of Transparency International’s 2013 Global Corruption Barometers [ http://www.transparency.org/gcb2013 ]parked a number of headlines in the UK press and no doubt also caused a number of raised eyebrows and furrowed brows. Whilst Transparency International surveyed […]

TI has published a practical guide to bribery risk assessment. The guide includes: • 10 good practice principles for bribery risk assessment; • a risk assessment template; and • a bribery risk assessment process check list. Transparency International’s practical guide to bribery risk assessment provides specific, practical advice based on real-life experience on how to conduct an effective […]

The Hong Kong Independent Commission Against Corruption (ICAC) has announced that four people had been convicted at the Hong Kong Eastern Magistracy of accepting or offering over HK$323,000 in illegal commissions in relation to trading in securities. Two of the defendants, Mr Chi-cheung Chan and Mr Wing-ho Tang were formerly employees and licensed representatives of […]