$238M FINE FOR DUTCH FIRM’S SIXTEEN YEARS OF BRIBERY
By Azizur Rahman.
US officials say a Dutch maker of equipment for offshore oil drilling will pay $238 million to settle charges of paying bribes to officials in five oil-producing countries. Read more
TWO MORE CHARGED IN UNAOIL INVESTIGATION
By Azizur Rahman.
Two more men have been charged with conspiring to pay bribes to secure Iraq contracts as a result of investigations into oil contractor Unaoil. Read more
US SET TO BE MORE LENIENT TO COMPANIES THAT ALERT AUTHORITIES TO BRIBERY
By Azizur Rahman.
Companies that voluntarily alert US authorities to bribery committed by their employees will be given greater leniency than ever before. Read more
ONE MILLION EURO FINE FOR LIFE ASSURANCE COMPANY’S MONEY LAUNDERING WEAKNESSES
By Azizur Rahman.
The Central Bank of Ireland has fined a life assurance company €1 million for four breaches of the Money Laundering and Terrorist Financing Act. Read more
BRAZIL AND US INVESTIGATE QATARI PAYMENT’S LINK TO WORLD CUP
By Azizur Rahman.
Authorities in the US and Brazil are investigating whether a $22 million payment by Qatar is linked to the vote for hosting the 2022 World Cup. Read more
SFO USE OF EXPERT WITNESS BRANDED A “DEBACLE’’ BY APPEAL COURT
By Azizur Rahman.
The Serious Fraud Office’s use of an expert witness who lacked expertise has been described as a “debacle’’ by the Appeal Court. Read more
SWISS SAY JP MORGAN BROKE MONEY LAUNDERING RULES
By Azizur Rahman.
Switzerland’s financial markets authority FINMA has found that JP Morgan’s Swiss subsidiary broke anti-money laundering rules. Read more
FORMER IMF HEAD CHARGED WITH FRAUD
By Azizur Rahman.
A Spanish court has ordered the former head of the International Monetary Fund (IMF) to stand trial for fraud. Read more
SFO CHARGES TWO IN UNAOIL INVESTIGATION
By Azizur Rahman.
The Serious Fraud Office (SFO) has charged two businessmen with corruption following a criminal investigation into alleged bribery involving Unaoil. Read more
FRAUD COSTS THE UK £190 BILLION A YEAR
By Azizur Rahman.
Fraud has become the most common criminal offence in the UK, with it costing £190 billion a year. Read more
BRITISH SHELL COMPANIES ALLEGED TO HAVE LAUNDERED £80 BILLION
By Azizur Rahman.
British shell companies have been linked to 52 money laundering scandals involving £80 billion over the past 14 years, according to Transparency International. Read more
FRAUD PROSECUTIONS FALLING
By Azizur Rahman.
The number of fraud prosecutions in the UK is falling. Read more
FORMER ROLLS-ROYCE EXECS ADMIT BRIBERY
By Azizur Rahman.
Two former Rolls-Royce executives have pleaded guilty to charges in the United States that they organised international bribes for more than a decade. Read more
UK PEER CALLS FOR INVESTIGATION INTO HSBC’S POSSIBLE ROLE IN SOUTH AFRICAN CORRUPTION
By Azizur Rahman.
HSBC should be investigated for "possible criminal complicity" over corruption allegations in South Africa, according to a UK peer. Read more
