IOSCO consults on mitigating private equity conflicts of interest On 3 November 2009, the International Organization of Securities Commissions (IOSCO) published a consultation report on private equity conflicts of interest (consultation). Publication of the consultation, prepared by IOSCO’s Technical Committee (Committee), follows a May 2008 IOSCO report identifying potential risks emerging from the private equity […]

EU sanctions crackdown adds UK companies to Zimbabwe blacklist – A Berkshire-based businessman and a number of his companies that operate out of Britain are today expected to be added to the European Union blacklist aimed at those said to be keeping Robert Mugabe in power in Zimbabwe. John Bredenkamp, 68, a Zimbabwean entrepreneur given […]

IMF Country Report No.08/318 – Mauritius: 2008 International Monetary Fund September 2008 – Report on the Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

Auditing your Screening Process – HR departments should approach the hiring process as they would any acquisition, joint venture or other significant transaction involving company assets. Screening a potential hire is an important step of the process which should not be neglected. Before a company opens its doors to new employees, hiring managers should stop […]

Developing an employment reference policy that makes sense – Employment references present a difficult dilemma for organisations. Some wish to provide glowing references to deserving employees – or to those who they would rather see employed elsewhere. Others may wish to address every real or perceived flaw in an employee’s performance. Favourable, unfavourable and neutral […]

Aon fined for suspicious payments – The fine is the biggest yet from the FSA related to financial crime – The UK arm of the insurance broking group Aon has been fined £5.25m for making “suspicious payments” worth $7m (£4.6m) to people and firms overseas. The fine was levied by the Financial Service Authority (FSA) […]

Lloyds TSB agrees to pay fine of $350m for sanctions help – Lloyds TSB has agreed to pay $350m (£231m) to the US government for helping customers get around American sanctions on dealing with Libya, Sudan and Iran. The bank, which the British government will shortly own a 43pc stake in, agreed to settle the […]

Solicitor jailed for money laundering offence hits out at ‘injustice’ of sentenceThursday 09 November 2006 – Conviction: ‘it takes only one error to find yourself in same situation,’ reporting officers told. A solicitor who was sentenced to six months’ imprisonment for a money laundering offence spoke this week of the ‘injustice’ he has received – […]