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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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SEC grants more than 20 million to whistleblower

SEC announced an award of more than $20 million to a whistleblower who provided information and assistance that significantly contributed to a successful enforcement action. The whistleblower provided new information, met with Enforcement Division staff multiple times…

OECD issues report on catalysing collective action to combat corruption in infrastructure

This policy paper focuses on collective action and multi-stakeholder non-judicial grievance mechanisms to support early detection, prevention and reporting of corruption. It highlights three mechanisms, namely, the National Contact Point for Responsible Business…

OECD publishes phase 4 monitoring report on Spain’s implementation of the Anti-Bribery Convention

The Phase 4 looks at the evaluated country’s particular challenges and positive achievements. It also explores issues such as detection, enforcement, corporate liability and international cooperation, as well as covering unresolved issues from prior reports.

OCCRP on Beneficial Ownership data

Publicly available beneficial ownership registries are a key tool for exposing corruption and financial crimes like ML. In what OCCRP dubbed the “OpenLux” project, members and partners used this data to uncover secret Luxembourg companies used…

SEC charges ABB Ltd for the bribery scheme it engaged in South Africa

The SEC’s order found that ABB executives in Switzerland and South Africa colluded with a high-ranking government official at Eskom, an electricity provider owned by the South African government, to funnel bribes to the official through complicit third-party service…

Global Witness on what BP could do with its £580m wartime Russian oil profits

BP told Global Witness that it ‘would not recognise this dividend as income’ and that under Russian regulations, payments would be made to ‘’a specific restricted Russian bank account, the contents of which could not be transferred outside Russia…

TRACE releases 2022 Bribery Risk Matrix

The assessment of country risk is fundamental to developing an effective compliance program and risk-based due diligence procedures. This year’s data, North Korea, Turkmenistan, Equatorial Guinea, Syria and Venezuela present the highest…

US DoJ announces repatriation of over $20m in assets stolen by former Nigerian dictator 

The US DoJ has transferred over $20.6 million to the government of the Federal Republic of Nigeria (Nigeria) in accordance with an Aug. 23 agreement between the governments to repatriate assets the US forfeited that were traceable to the kleptocracy of former Nigerian Dictator General Sani Abacha and his co-conspirators…

Implementing the OECD Anti-Bribery Convention in Portugal

OECD Working Group on Bribery states that Portugal needs to urgently step up its foreign bribery enforcement. The report also explores issues such as detection, corporate liability, and international cooperation, as well as covering unresolved issues…

TI EU Report on Exporting Corruption 2022

The Report assesses foreign bribery enforcement in 43 of the 44 signatories to the OECD Anti-Bribery Convention as well as in China, Hong Kong SAR, India and Singapore. It also identifies inadequacies in legal frameworks and enforcement systems as well as progress…

SFO Director Lisa Osofsky keynote speech

SFO has recovered over £59.5 million in proceeds of crime since 2018 and we have agreed 8 DPAs bringing back over £1 billion to the UK taxpayer, including Amec Foster Wheeler Energy Limited, which last year saw the company pay £103 million for its corrupt actions…

House of Lords on Protection for Whistleblowing Bill

The bill would introduce several protections for whistleblowers, including the establishment of an independent Office of the Whistleblower. The office’s principal duty would be to protect whistleblowers and oversee the process of whistleblowing…