OECD announced new Anti-Bribery Recommendation

The OECD Anti-Bribery Convention establishes legally binding standards to criminalise bribery of foreign public officials in international business transactions, and provides a host of measures to make this effective.

HSBC discovery of a ML network

HSBC discovered a suspected money laundering network that received $4.2bn (¬£3bn) worth of payments, it has emerged, raising questions over whether it disclosed the information to US monitors who at the time…