The Absorption of Illicit Financial Flows from Developing Countries: 2002-2006 – A May 2010 report from Global Financial Integrity (GFI) examines where trillions of dollars in illicit finances—the proceeds of crime, corruption, and tax evasion—are being deposited. The report, The Absorption of Illicit Financial Flows from Developing Countries: 2002-2006, rounds-out the groundbreaking analysis put forward […]

The Terrorism and Crime (Bailiwick of Guernsey)(Amendment) Regulations, 2010. Made and Coming into operation and Laid before the States – 17th May, 2010. THE HOME DEPARTMENT, in exercise of the powers conferred on it by section 15C of the Terrorism and Crime (Bailiwick of Guernsey) Law, 2002 and all other powers enabling it in that […]

John Dougall, a former director of a UK medical devices manufacturer, became the first British citizen to be convicted in the UK of a corruption offence for overseas corruption of foreign public officials. Following an appeal, the Court of Appeal has reduced his sentence to a suspended prison term, but reiterated the seriousness of corruption […]

Banks and money exchange services in the U.K. are no longer distributing 500-euro notes after a report showed that 90 percent of the demand for the bill came from criminals, the Serious Organised Crime Agency said today. “For the first time there is hard evidence of the scale of criminal abuse of the 500-euro note,” […]

The BBC has learned that the number of fake pound coins in circulation may be twice official estimates by the Royal Mint. Coin testing companies say one in 20 could be fake. Ben Ando uses a counterfeit £1 coin to explain how you can spot the fakes. watch the video clip – http://news.bbc.co.uk/1/hi/uk/7989119.stm

Why criminals love 500 euro notes – Exchange offices in the UK have stopped selling 500 euro banknotes because of their use by money launderers. The Serious Organised Crime Agency says 90% of the notes sold in the UK are in the hands of organised crime. Soca deputy director Ian Cruxton said 500 euros had […]

This FSA report describes how commercial insurance broker firms (‘broker firms’) in the UK are addressing the risks of becoming involved in corrupt practices such as bribery. In particular, it sets out the findings of our recent review of standards in managing the risk of illicit payments or inducements to, or on behalf of, third […]

Hundreds of Italian politicians, civil servants and celebrities have been implicated in a corruption scandal following the leaking of a list with their names on. The list was found on the computer of a businessman who allegedly performed construction work free of charge. Italy’s industry minister has already resigned after his name was linked to […]