Last week, the UK’s Fianncial Conduct Authority published thematic financial crime risk reviews into 21 small banks and ten commercial insurance intermediaries. It also commenced a consultation exercise on its proposed guidance on financial crime systems and controls.
Entries in United Kingdom (109)
The UK government recently announced the publication of draft legislation entitled “Reports on Payments to Governments Regulations 2014." The legislation would require UK-registered mining, quarrying, and logging companies to report on payments they make to governments all over the world, when such payments exceed £86,000 ($137,000) in a financial year.
The boom in UK-online gambling will come as no surprise to those irritated by betting adverts interrupting major televised sporting events. Not surprisingly, and to the consternation of offshore online gambling jurisdictions, the UK government has sought to cash in on this licensed vice by introducing a remote gambling point of consumption duty for all wagers placed within the UK.
The DOJ filed a civil forfeiture complaint in Manhattan federal court last week targeting seven properties allegedly purchased in Dutchess County, New York by a Greek national using the proceeds of a long-running human smuggling operation.
Job Title: Manager, Global Anti-Corruption
Employer: American Express
Location: London, UK
Recovering profits from accessories of bribe beneficiaries and secret commissions were respectively considered in two recent UK appellate decisions, one released earlier this month and another on Wednesday.
The UK Serious Fraud Office said Monday it has launched a formal investigation of survey and construction services firm Sweett Group.
The group of donors who contribute aid directly to Mozambique pledged $275 million in aid this week, a decrease from the $309 million given last year, citing concerns about corruption in the region.
Whether a member of a limited liability partnership (LLP) can be a protected whistleblower under the Employment Rights Act 1996 ERA was recently considered by the UK Supreme Court.