Afghanistan’s new leader is resuming the investigation into a banking fraud said to be one of the world’s largest. Ashraf Ghani said reopening the Kabul Bank inquiry was the first step in a fight against corruption. The bank collapsed in 2010 after losing almost $1bn (£600m), mostly deposited by international donors. Many of the bank’s […]

Politically exposed persons (PEPs) are individuals who are, or have been, entrusted with prominent public functions. PEPs are potential targets for bribes due to their prominent position in public life. They have a higher risk of corruption due to their access to state accounts and funds A review of Financial Action Task Force (FATF) and […]

Bruce Hall has been sentenced to 16 months in prison for conspiracy to corrupt in relation to contracts for the supply of goods and services to a Bahraini company, Alumunium Bahrain B.S.C (Alba) of which he served as CEO from September 2001 to June 2005. Between 2002 and 2005, Mr Hall received £2.9 million in corrupt payments […]

The Mauritian government is to set up a Serious Fraud Office for the investigation of corruption, money laundering and financial crimes, according to Prime Minister Navin Ramgoolam. Ramgoolam told Parliament here Monday that consultations were still ongoing between his office and that of the Attorney General on this matter. ”The Parliamentary Committee on the Independent […]

Transparency International has published new guidance for companies on countering small bribes. The guidance looks at: information on creating a supportive corporate culture; the risks of small bribes; implementing a programme to counter small bribes including: training employees, internal accounting controls, preparing for managing incidents and monitoring and evaluating; principles for countering small bribes; case […]

The Seychelles Financial Intelligence Unit (FIU) has confirmed that it is actively conducting an investigation into the alleged use of offshore corporate structures in Seychelles to launder the proceeds of corruption by members of the former Ukrainian government. These allegations which are internationally tarnishing Seychelles’ reputation have appeared in well-known international media sources such as […]

The City of London Police Overseas Anti-Corruption Unit (OACU) has launched a video highlighting the damaging consequences for UK companies and individuals of engaging in corrupt business activities. The short six-minute video entitled “Consequences begin at home” has been created as a tool that can be used by corporates to educate their employees as part […]

The UK branch of Transparency International has published a new handbook for creating or enhancing an anti-bribery compliance program. The handbook is intended to assist businesses subject to the UK Bribery Act and U.S. Foreign Corrupt Practices Act, and to help them anticipate, avoid and resist bribery. The guide identifies bribery warning signs and prevention strategies. […]