Filter news by category
Recent publication of the Corruption Perceptions Index (CPI) highlights the need for businesses to remain focused on managing corruption risk in 2023 amidst the raft of other challenges arising, an expert has said.
https://www.pinsentmasons.com/out-law/news/growing-corruption-risk-should-spur-action-from-businesses
Three Russian businessmen, a string of billionaires and several Tory donors are among beneficial owners, analysis shows
https://www.ft.com/content/226ebb6f-2285-474b-94c4-9053a8d54da9
The director of the Serious Fraud Office Lisa Osofsky has admitted to MPs that she was taken in by an ex-US Drug Enforcement Administration agent acting as a “fixer” in relation to the Unaoil bribery scandal.
https://www.fnlondon.com/articles/sfo-director-lisa-osofsky-admits-being-taken-in-by-fixer-in-unaoil-case-20221020
Glencore Energy UK Ltd will pay £280,965,092.95 million (over 400 million USD) after an SFO investigation revealed it paid US $29 million in bribes to gain preferential access to oil in Africa.
https://www.sfo.gov.uk/2022/11/03/glencore-energy-uk-ltd-will-pay-280965092-95-million-over-400-million-usd-after-an-sfo-investigation-revealed-it-paid-us-29-million-in-bribes-to-gain-preferential-access-to-oil-in-africa/
The first ever national standard on modern slavery has been published by the British Standards Institution (BSI), providing organisations with important guidance on managing modern slavery risks.
https://www.pinsentmasons.com/out-law/news/british-standard-modern-slavery-benchmark-businesses
Corruption costs the global economy an estimated $3.6 trillion a year. This figure hints at a daunting inference: business-as-usual in anti-corruption may not be working.
https://insights.ropesgray.com/post/102hpdf/why-a-values-based-approach-to-anti-corruption-is-the-paradigm-shift-organization
Reminds Firms Not to Rely Solely on Third Parties to Conduct Sanctions Checks
https://www.mofo.com/resources/insights/220705-ofsi-fines-uk-firm-located-overseas.html#.Ysil8mQ3Lds.twitter
Cartel busters at the Competition and Markets Authority (CMA) have provisionally found that ten construction firms illegally colluded to rig bids for demolition and asbestos removal contracts.
https://www.constructionenquirer.com/2022/06/24/ten-demolition-firms-found-guilty-in-cartel-probe/
When dealing with UK trading partners you may need to prove that your business and supply chain is free from bribery and corruption.
https://www.gov.uk/guidance/bribery-and-corruption-in-trade-reducing-the-risk
The Serious Fraud Office (SFO) has charged Glencore Energy (UK) Ltd with seven counts of bribery in connection with its oil operations.
https://www.sfo.gov.uk/2022/05/24/serious-fraud-office-charges-glencore-with-seven-counts-of-bribery/
Search articles by keyword
Midlands Fraud Forum Ltd. Reg.No: 06436330 Copyright © 2023 Disclaimer & Privacy Policy