Bribery and Corruption

World police organisation Interpol has launched the Interpol Financial Crime and Anti-Corruption Centre (IFCACC) to help combat “exponential” growth in cross-border financial crime.

https://www.pinsentmasons.com/out-law/news/interpol-financial-crime-centre-highlights-global-cooperation-fighting-corruption

Oil services giant Petrofac has reported a net loss of $195 million, more than half of which included a penalty imposed by the Crown Court following a Serious Fraud Office investigation.

https://ogv.energy/news-item/petrofac-s-195m-loss-after-fraud-office-probe

Priti Patel says decision is part of crackdown on ‘corrupt elites who threaten our national security’

https://www.theguardian.com/uk-news/2022/feb/17/uk-ministers-plan-to-scrap-golden-visa-scheme-amid-russia-concerns

Over £200,000 in compensation obtained by the Serious Fraud Office (SFO) investigation into a company called Amec Foster Wheeler Energy will be transferred to Nigeria after a UK-Nigeria Memorandum of Understanding was signed today, the SFO said this afternoon.

https://www.cityam.com/uk-strikes-compensation-deal-with-nigeria-following-years-long-global-fraud-probe/

LONDON (Reuters) -A former senior judge will lead a "forensic and robust" review into failings at the UK Serious Fraud Office during a high-profile bribery case, Britain's Attorney General said on Wednesday, piling pressure on SFO director Lisa Osofsky.

https://uk.news.yahoo.com/former-judge-probe-uk-fraud-104320721.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

Smith & Nephew, the global medical technology company, is again in the spotlight following allegations that its distributors breached anti-corruption laws in India. This article considers why suppliers and principals need to ensure that their distributors and agents comply with the UK’s Bribery Act as well as being aware of similar legislation in other countries, such as the US Foreign Corrupt Practices Act (FCPA).

https://www.foxwilliams.com/2022/01/31/bribery-and-corruption-how-distributors-and-agents-can-land-their-suppliers-and-principals-in-hot-water/

The UK's Annual Sanctions Report for 2021 details, for the first time, the full extent of its new autonomous sanctions since exiting the European Union.

https://www.gov.uk/government/news/first-uk-annual-sanctions-report-shows-how-uk-independent-sanctions-underpin-global-britains-role-on-the-world-stage

The Organisation for Economic Co-operation and Development has published data on compliance with the OECD's Anti-Bribery Convention

https://www.oecd.org/daf/anti-bribery/OECD-Anti-Bribery-Convention-Enforcement-Data-2021.pdf

A United Nations (UN) Global Report on corruption in sport has called for greater international cooperation to help “strengthen detection and reporting of illegal betting on sport”.

The UK government has published the Year 3 update of its progress on the UK Anti-corruption Strategy 2017-2022

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1041398/2021.12.15_Year_3_Update_to_the_Anti-Corruption_Strategy.pdf