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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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TI exposes major transparency gaps across the EU, revealing how weak oversight of luxury assets and opaque ownership structures enable corruption and the concealment of illicit wealth

May 15, 2025

The report highlights how complex ownership structures and inadequate beneficial ownership registers facilitate the concealment of illicit wealth. It underscores the necessity for robust enforcement of transparency laws and enhanced cross-border cooperation to effectively combat corruption and financial crime within the EU…

OCCRP uncovers a Belgium-led probe into former NATO procurement officials leaking secrets and laundering bribes to secure arms dealing involving drone and ammunition contracts

May 15, 2025

A widening cross-border investigation has placed current and former NATO procurement officials under serious scrutiny over allegations of bribery and money laundering linked to arms procurement. Belgian prosecutors, working in coordination with Eurojust, are focusing on the NATO Support and Procurement Agency (NSPA), where personnel are suspected of leaking confidential bidding information to preferred defense contractors…

Global Witness exposes Santander’s $1.3bn funding of Cresud, a key deforester tied to human rights abuses, revealing major lapses in financial sector efforts against environmental harm and illicit risks

May 15, 2025

The findings raise serious questions about Santander’s environmental commitments, including its 2018 deforestation policy and 2021 net zero pledge, given its continued support for one of South America’s most destructive agricultural actors…

UK Govt tasks the Insolvency Service with taking over COVID-19 fraud investigations from NATIS after a review exposed inefficiencies, aiming to recover taxpayers money lost to fraud

May 15, 2025

This decision, part of the government’s Plan for Change, aims to ensure better value for taxpayers by leveraging the Insolvency Service’s proven record in tackling pandemic-related fraud and recovering public funds…

EU Commission’s review of Public Procurement Directives spotlights a key opportunity – leveraging digitisation to combat corruption and drive greater transparency

May 14, 2025

The EU public procurement ecosystem involves a wide range of stakeholders, including governments, public buyers at all levels, review bodies, and competence centres. It also includes businesses (such as SMEs and social enterprises), NGOs, social partners, and academic institutions, all contributing to shaping and implementing procurement policy…

TI-UK plans to launch its revised Corporate Anti-Corruption Benchmark Service online on Wed 28 May 2025 at 15:00 BST – a key tool for strengthening your ABC programme and compliance framework

May 9, 2025

As anti-bribery and corruption (ABC) risks continue to evolve, multinational companies are under increasing pressure to ensure their compliance programs are not just robust but also adaptable and effective. Whether you’re looking to enhance your risk assessments, measure the effectiveness of your controls or stay ahead of…

TI outlines in Annual Report how it advanced global anti-corruption efforts in 2024; by driving UN reforms, tightening EU ML laws, empowering communities, and promoting ethical business through new SME tools

May 7, 2025

The objectives of the report are to highlight Transparency International’s 2024 achievements in advancing anti-corruption globally, showcase the Secretariat’s role in advocacy, research, and support to national chapters, and demonstrate the movement’s impact on policy, civic engagement, and ethical business practices.

OECD praises Ukraine’s anti-corruption progress but urges stronger enforcement, better whistleblower protection, and tighter oversight of lobbying, audits, and corporate compliance

May 6, 2025

The OECD Economic Survey of Ukraine praises Ukraine for meeting all OECD standards for political financing and conflict of interest regulations. However, it calls for stronger enforcement, improved whistleblower protections, and greater transparency in lobbying and corporate accountability to reinforce public trust and investor confidence…

Basel Institute raises concerns over Peru’s decision to abolish its landmark 2018 asset forfeiture law could undermine anti-corruption efforts and lead to FATF grey-listing

May 5, 2025

Peru’s law, which recovered over USD 94 million in illicit assets and tackled high-level corruption and crime, is under threat due to Congress passing Bill 3577-2022. This bill makes forfeiture conditional on criminal convictions, undermining the law’s core principle and jeopardizing thousands of ongoing cases, including those linked to former presidents…

SFO charges UIBL over alleged $3 million bribery scheme in Ecuador, in what could become the first jury trial under the UK’s “failure to prevent bribery” offence

May 1, 2025

UIBL is accused of allowing US-based intermediaries to bribe officials in Ecuador between 2013 and 2016, with $3 million allegedly paid in bribes from a $6.2 million commission. Company representatives are due in Westminster Magistrates’ Court on 7 May 2025.

UK SFO probes Blu-3 and former Mace Group affiliates in a high-profile bribery investigation, accusing them of paying £3m to secure Microsoft data center contracts in the Netherlands

April 30, 2025

The investigation, which spans multiple countries, highlights the international nature of the corruption probe, with the SFO working alongside authorities in Monaco to gather evidence. Blu-3 is suspected of paying bribes to Mace associates to secure contracts for the data centre project in the Netherlands, raising concerns about corporate governance and anti-bribery compliance within large-scale infrastructure projects…

US SEC targets a $91m Ponzi scheme operated by 3 Texans, defrauding 200+ investors with false promises of bond trading profits and misappropriated funds

April 29, 2025

Between May 2021 and February 2024, the trio allegedly ran the scheme through a trust controlled by Alexander, Vanguard Holdings Group Irrevocable Trust (VHG), promising investors guaranteed returns of 3% to 6% per month from international bond trading activities. However, the SEC claims that VHG had no actual source of revenue and that the returns paid to investors were simply Ponzi payments…

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