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Bribery & Corruption

Over 40 years of articles and reference material

A page dedicated to global, regional, UK and US anti-money laundering developments and initiatives.

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OECD reports on the incidence of corruption and fraud in crises

July 11, 2024

This policy paper aims to strengthen the capacities of law enforcement authorities in Asia and the Pacific to combat corruption and fraud during emergencies.

UNODC notes that bribery is becoming less accepted in Nigeria

July 11, 2024

New report – “Corruption in Nigeria: Patterns and Trends” – is the third survey of perceptions of corruption among the Nigerian population and provides an analysis of corruption trends and the effectiveness of anti-corruption strategies in the country.

TI publishes report on land corruption in West Africa

July 10, 2024

This policy paper presents an overview of land corruption in West Africa and provides recommendations for the Economic Community of West African States (ECOWAS) to address this issue.

FATF publishes horizontal review of gatekeepers’ technical compliance related to corruption

July 8, 2024

On the surface, the Horizontal Review shows positive results – over half of FATF members have scores over 80%. However, these results are less promising when one considers the context and materiality of the seven FATF members falling below the score of 50%. These jurisdictions represent more than half of the world’s GDP.

Council of EU has agreed on an EU law to combat corruption, along with preventive measures and rules for more effective investigation and prosecution

July 7, 2024
The new law will consolidate rules on corruption in both the public and private sectors into a single legal act. It will also amend the 2017 directive on fraud and other criminal offences that affect the EU’s financial interests. The offences and penalties will include: Harmonised definition of offences, Penalty…

FATF publishes a report titled ‘Horizontal Review of Gatekeepers’ Technical Compliance related to Corruption, which assesses the current state of play and identifies areas that FATF members must prioritise for further improvement

July 6, 2024

This review found that some cornerstone obligations of the FATF Recommendations fall behind the compliance levels of other obligations. These requirements conducting CDD, implementing internal controls, and providing a supervisor with adequate powers to conduct risk-based supervision are essential requirements to address the vulnerability of gatekeepers to money laundering and corruption threats…

GRECO releases the the Second Addendum to the Second Compliance Report on Georgia, addressing Georgia’s implementation of recommendations for corruption prevention in respect of members of parliament, judges, and prosecutors

July 3, 2024

Report concludes that Georgia has implemented satisfactorily or dealt with in a satisfactory manner nine of the sixteen recommendations contained in the Fourth Round Evaluation Report.

 

GRECO has called on Andorra to pursue its efforts to prevent corruption in respect of persons with top executive functions, such as members of the govt, high-level officials, and members of the Police Corps

July 3, 2024

Recognises progress regarding transparency, but pushes for rules requiring integrity checks prior to appointments of ministers and all other persons with top executive functions (PTEFs) should be adopted in order to detect and manage possible risks of conflicts of interest, and the legal status of special relationship personnel should be better regulated.

 

NCA has coordinated global action against illicit software: Cobalt Strike which has been used by cybercriminals for over a decade to infiltrate victims’ IT systems and conduct attacks

July 3, 2024

Unlicensed versions of Cobalt Strike, a penetration testing tool used to check for vulnerabilities in a company’s network and help improve cyber security, were targeted during a week of action last week (w/c 24 June).

 

SEC brings Cybersecurity Enforcement for internal control failures

July 1, 2024

RRD’s cybersecurity incident disclosure controls were ineffective in promptly delivering all pertinent information to management for decision-making, lacking clear guidance for reporting personnel. Their incident response policies did not set clear priorities or provide sufficient procedures for internal or MSSP personnel…

The Charity Commission confirms it has disqualified two individuals in The Captain Tom Foundation inquiry due to misconduct and mismanagement

June 30, 2024

Disqualification orders were made by the Commission for Hannah Ingram-Moore and Colin Ingram-Moore for a period of 10 and 8 years respectively. In this instance, the legal test for disqualification was met because there has been misconduct and/or mismanagement, the individuals are not fit to be a trustee or hold senior management functions and disqualification is in the public interest.

OECD issues Phase 4 two-year written follow-up report on Greece’s implementation of the Convention on Combating Bribery of Foreign Public Officials 

June 29, 2024

Evaluates the implementation of the recommendations in the Phase 4 Evaluation report on Greece’s implementation of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and the 2021 Recommendation of the Council for Further Combating Bribery of Foreign Public Officials in International Business Transactions.