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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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UK’s International Conference on Economic Crime hosted by SFO, united global leaders to strengthen cross-border action against FC, with a sharper focus on asset recovery and crypto-enabled threats

May 8, 2026
The discussions focused on enhancing international cooperation in tackling money laundering, fraud, bribery, and corruption, with a strong emphasis on improving cross-border investigations and faster information sharing. A key priority was strengthening asset recovery mechanisms, ensuring that illicit wealth can be traced, seized, and returned more effectively across jurisdictions…

OECD’s Anti-Corruption and Integrity Outlook on Ukraine highlights the country’s strong progress in advancing anti-corruption and public integrity reforms amid ongoing wartime challenges

May 7, 2026

The assessment highlights strong performance in regulatory alignment with OECD standards, particularly in judicial integrity, anti-corruption strategy development, and institutional safeguards designed to reduce corruption risks. OECD also identifies the need for continued progress in practical implementation, enforcement consistency, transparency mechanisms, and coordination across public institutions to ensure long-term effectiveness and resilience…

GRECO’s Compliance Report commends Slovenia for advancing anti-corruption reforms while urging stronger transparency and conflict-of-interest safeguards across government and law enforcement

May 6, 2026

Report confirms that Slovenia fully implemented all recommendations concerning the police, including measures designed to reduce corruption risks, strengthen personnel integrity, and improve organisational accountability. Remaining partially implemented recommendations relate primarily to financial transparency and oversight mechanisms, with GRECO encouraging further reforms to complete implementation…

US SEC charges 21 individuals in a decade-long insider trading scheme involving lawyers who allegedly leaked confidential M&A data through a global tipping network, netting millions in illicit profits

May 6, 2026

According to the complaint, a Los Angeles-based mergers and acquisitions lawyer orchestrated the scheme with a co-conspirator, tipping confidential deal information to a network of traders and intermediaries who either paid kickbacks or further disseminated the tips, enabling coordinated trading across multiple jurisdictions and generating millions in illicit profits. The scheme reportedly expanded through additional lawyers who also leaked sensitive deal data, creating a layered “tipping chain” that spread insider information internationally…

UK SFO secures a £10M Deferred Prosecution Agreement from British defence supplier Ultra Electronics after it admitted failing to prevent bribery in overseas contracts in Algeria and Oman

May 1, 2026

The agreement relates to contracts pursued through agents in Oman and Algeria, including a £200 million Omani public sector contract, with the company also paying £4.8 million in investigation costs and committing to ongoing compliance reporting. The settlement follows a long-running investigation opened after a self-report by the company and requires Ultra Electronics to demonstrate sustained anti-bribery reforms under court supervision for the next three years…

UK Crime and Policing Act 2026 expands corporate criminal liability, making it easier to hold companies accountable for offences committed by “senior managers” acting within their authority

April 30, 2026

Previously, prosecutors had to prove wrongdoing by a company’s “directing mind and will” (usually top executives), but the new framework extends liability to a much broader range of senior staff, covering almost all criminal offences—not just economic crimes like fraud or money laundering. As a result, companies can now be held liable where a senior manager commits an offence in the course of their role, even without direct board involvement or clear corporate benefit, greatly widening exposure to fraud, financial crime, regulatory breaches…

GRECO’s Third Interim Compliance Report on the Czech Republic reveals ongoing gaps in anti-corruption reforms despite progress on lobbying transparency and prosecutorial integrity

April 29, 2026

Latest report welcomes the introduction of lobbying legislation increasing transparency around contacts between MPs and lobbyists, alongside full implementation of recommendations concerning prosecutors. Remaining shortcomings relate mainly to parliamentary integrity measures and judicial safeguards, with further action required on ethics, transparency, and conflict-of-interest controls before the monitoring process can conclude…

GI-TOC’s policy brief warns illicit gold fuels global crime through opaque supply chains and financial hubs, urging the UK ahead of the Illicit Finance Summit to replace pledges with enforceable transparency and AML action

April 28, 2026

The recommendations highlight how illicit gold mining and trade exploit weaknesses in financial regulation, customs oversight, and responsible sourcing frameworks, enabling criminal actors to launder proceeds through global gold markets and financial centres such as London. The paper also urges governments to criminalise illicit gold trading as a predicate money laundering offence, regulate professional enablers, strengthen suspicious activity reporting guidance, and improve international cooperation and traceability across gold supply…

OECD praises Norway’s business conduct watchdog as credible and effective, but warns that rising caseloads and limited resources risk weakening its impact

April 27, 2026

The review highlights strong stakeholder confidence in the NCP’s independence, expertise, transparency, and mediation role, including in complex cases involving Norwegian companies and state-owned enterprises. OECD also recommends clearer legal foundations, improved coordination across government, stronger links to responsible business conduct policymaking, and faster handling of cases to support long-term effectiveness…

Council of the EU adopts a new EU-wide law to combat corruption, harmonising offence definitions and setting common minimum standards for penalties and enforcement across Member States

April 24, 2026

The law establishes a common framework by harmonising definitions of corruption offences—including bribery in the public and private sectors, misappropriation, trading in influence and obstruction of justice—and setting minimum standards for penalties, including prison terms and corporate fines. It also strengthens prevention and enforcement by improving investigative tools, extending liability to companies and enhancing cross-border cooperation, replacing older EU instruments and requiring…

Basel’s report, FALCON Dashboard: Technology and Border Corruption Investigations, shows how data analytics can turn fragmented data into actionable intelligence to expose hidden corruption networks

April 24, 2026

The report conceptualises border corruption as an interconnected system of actors and transactions that supports crimes including smuggling, tax evasion, and sanctions circumvention, creating significant enforcement challenges. Advanced analytical tools allow investigators to combine heterogeneous datasets, detect risk indicators, and improve intelligence generation, supporting more effective anti-corruption and AML/CFT-related investigations…

TI’s report ‘Whistleblower Protection in EU Enlargement Countries’ finds that, despite progress, most countries still lag behind EU standards due to weak enforcement and inadequate safeguards

April 23, 2026

The report reviews candidate and potential candidate countries and finds that, although several have adopted legislation aligned with the EU Whistleblower Protection Directive, compliance is incomplete, with weaknesses such as restrictive protection conditions, limited reporting channels and insufficient penalties for retaliation. It also highlights broader systemic issues including inconsistent treatment of anonymous reporting, weak data collection and transparency, and limited implementation capacity, calling for stronger reforms and support…

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