Focusing on the oil sector, and the unique challenges of addressing and regulating the oil commodity-trading sector, this paper examines the Extractive Industry Transparency Initiative (EITI), and the strengths and limits of the EITI Standard, through the lens of...
SEC announced charges against global mining and metals company, Rio Tinto plc, for violations of the FCPA arising out of a bribery scheme involving a consultant in Guinea. The company has agreed to pay a $15 million civil penalty to settle the SEC’s...
OFAC described President Biden’s ban on the import of Russian oil, liquefied natural gas, and coal to the US as “a significant action with widespread bipartisan support that will further deprive President Putin of the economic resources he uses to continue his...
The SFO has secured a confiscation order worth over £140,000 against Petrofac’s former Head of Sales for making corrupt payments and offers to influence the awarding of oil and gas contracts for Petrofac in Iraq, Saudi Arabia and the United Arab Emirates…...
According to the reports, the controversial Romanian-Australian businessman Frank Timis allegedly bribed Senegalese officials in efforts to acquire access to lucrative oil and gas reserves under extremely favourable conditions…
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