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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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GRECO welcomes steps taken by Moldova to improve corruption risks associated with the judiciary, but notes frequent use of emergency procedure for adopting legislation

In latest follow-up report to the 2016 mutual evaluation report, GRECO finds that 13 of the 18 Recommendations have now been implemented satisfactorily.

SEC charges BIT Mining with FCPA Violations in Connection with Bribery Scheme to Influence Members of Japanese Parliament

The SEC’s order finds that the bribery scheme involved illicit payments of approximately $2.5 million in the form of cash bribes, entertainment, and extravagant trips. The order further finds that the bribes were authorized by a 500.com senior executive and that, after the bribery scheme came to light, the company never entered the market.

Basel Institute publishes a Quick Guide on enhancing Financial Intelligence sharing through Public-Private partnerships

The aim of establishing a public-private partnership or platform for financial intelligence sharing is to vastly increase the flow of targeted, useful information back and forth between law enforcement and financial institutions such as banks, cryptocurrency exchanges, money transfer services and other financial service providers…

US DoJ and SEC indicts Gautam Adani, Founder of Adani Group, and several senior executives, for allegedly paying over $250M in bribes to Indian officials to secure solar energy contracts

Gautam S. Adani and seven other business executives allegedly bribed the Indian government to finance lucrative contracts designed to benefit their businesses. Adani and other defendants also defrauded investors by raising capital on the basis of false statements about bribery and corruption, while still other defendants allegedly attempted to conceal the bribery conspiracy by obstructing the government’s investigation…

 

 

TI-UK analysis reveals £5.9bn in suspicious funds used to purchase UK properties via shell companies in UK’s Overseas Territories, with over 90% channelled through the British Virgin Islands

Corporate secrecy in the UK’s Overseas Territories plays a central role in enabling corruption, money laundering, and the evasion of tax and sanctions on a global scale. The research highlights the Overseas Territories’ role as global hubs for suspicious and illicit wealth. The secrecy provided by these jurisdictions have made them destinations of choice for corrupt individuals seeking to conceal criminal acts and enjoy the proceeds of their crimes with impunity. Greater transparency is essential to trace these financial flows, not only within the property sector but in the broader fight against corruption and money laundering. Of UK£11.1 billion (US$14.1bn) invested in 1,600 UK properties, since 2016, using funds with dubious origins, half (UK£5.9bn (US$7.5bn)) came via shell companies set up in UK Overseas Territories, with most (UK£5.5bn (US$7.0bn) from entities registered in the British Virgin Islands (BVI)…

UNODC releases a report on ‘Game Over: Exposing the linkages between corruption, serious and organised crime in sport’ 

It identifies illegal sports betting and match-fixing as major drivers of corruption, contributing to organized crime networks. The report calls for stronger international legal frameworks and cooperation to combat these issues, noting the complex, transnational nature of the problem. It highlights the impact on major sports like soccer, urging better policies…

SFO announces bribery investigation into defence firm, Thales

The Thales Group is headquartered in Paris and its subsidiary Thales UK employs over 7,000 staff in the UK across 16 sites. Investigators from the SFO and French authority Parquet National Financier (PNF) have informed the company of the investigation.

SFO launches an investigation into suspected bribery and corruption at multi-national aviation and defence electronics group Thales

Investigators from the SFO and French authority Parquet National Financier (PNF) have informed the company of the investigation. The SFO and PNF are conducting a joint investigation in their respective jurisdictions…

SEC announces enforcement results for fiscal year 2024

SEC filed 583 total enforcement actions in fiscal year 2024 while obtaining orders for $8.2 billion in financial remedies, the highest amount in SEC history.

OECD issues baseline report of the fifth round of monitoring of anti-corruption reforms in Tajikistan

The report analyses Tajikistan’s efforts to amend its laws and build anti-corruption institutions to prevent and address corruption, and its measures to detect, investigate and prosecute corruption cases identifying areas for improvement and follow up.

TI examines corruption vulnerabilities of Just Energy Transition Partnerships (JETPs) in new report

JETPs are designed to ensure that vulnerable communities—such as low-income households and regions reliant on coal mining—are not left behind as a result of the energy transition. This report highlights critical governance risks, including insufficient public participation, limited transparency in decision-making, underdeveloped oversight mechanisms, and weak accountability in managing JETP-related funds.

OECD publishes phase 4 two year follow-up the implementation of the Anti-Bribery Convention in Portugal

This report presents the Working Group on Bribery’s summary and conclusions on Portugal’s progress on its implementation of Phase 4 recommendations, its foreign bribery enforcement actions, and developments related to the follow-up issues.