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NCA charges businessman of bribing a foreign official into multi-million pound scheme to benefit PV Energy Ltd, the company he is a director of.

It is alleged that between January 2015 and July 2017, Virdee bribed Asot Michael, a Member of Parliament and Government Minister of Tourism, Economic Development Investment and Energy for Antigua and Barbuda, to benefit PV Energy Ltd, the company he is a director of,” the NCA said in a statement…

Spotlight on Corruption considers the implications of what it consider a ‘landmark appeal’ against the NCA

Spotlight on Corruption is intervening to support GLAN and WUC because this appeal also has very serious and wide-ranging implications for the UK’s regime for confiscating the proceeds of crime, whether from slave labour, corruption, or indeed environmental crime. If the decision handed down last year were to stand, it could severely undermine UK law enforcement’s ability to investigate and forfeit the proceeds of crime…

Labour outlines several measures that a Labour government would implement to curb corruption and kleptocracy both in the UK and globally

Labour’s proposed measures include broadening the registration requirements for UK trusts to prevent their exploitation for illicit purposes and enhancing transparency around trust ownership of UK property. Additionally, the party aims to strengthen the UK’s sanctions regime to target individuals and entities complicit in money laundering activities, with a particular focus on professionals such as lawyers and accountants…

SFO secures conviction of investment manager for £100 million no-win-no-fee fraud

DavidKennedy and his business partner Timothy Schools managed the Cayman Island registered company Axiom Legal Finance Fund for over two years. They promised investors a secure return, by offering loans to UK law firms that were pursuing no-win-no-fee cases and where there was purportedly a high chance of success.

UK Govt adds three entries to the UK sanctions list under the Global Anti-Corruption regime

The Regulations provide for the imposition of financial sanctions, namely the freezing of funds and economic resources persons who are or have been involved in serious corruption…

SFO publishes its Strategy for 2024-2029, emphasising on a renewed commitment to combating serious fraud, bribery, and corruption

The Strategy outlines plans for building the capability of the workforce, incorporating technological developments in to the business model and responding to the increased sophistication of criminal networks in this arena, as well as providing better accountability with respect to outcomes…

UK Govt outlines UK commitment to combatting corruption and recovering assets in statement to the EEC

Speech delivered by Justin Addison during UK Delegation to the OSCE.

TI-UK publishes report on ‘Stopping corruption, promoting integrity – UK’s refreshed strategy to 2030’

Approach considers the diverse impacts of corruption on factors such as gender, race, socioeconomic status and others, ensuring our solutions are tailored to the specific challenges faced by different groups.

The APPG on Anti-Corruption and Responsible Tax has launched an ambitious new UK Economic Crime Manifesto

The Manifesto addresses concerns around the lack of prioritisation of economic crime compared to other forms of crime and calls for:  𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝘁𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 – in the ownership of trusts, shell companies and offshore tax havens so that criminals can no longer hide their dirty money, 𝗘𝗻𝗵𝗮𝗻𝗰𝗶𝗻𝗴 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 – to hold enablers, such as lawyers, accountants, and real estate agents, to account…

UK commits to combatting corruption and recovering assets: UK statement to the EEC

To support Ukraine with its reconstruction following Russia’s illegal and brutal war of aggression, the UK is funding a Digital Restoration Ecosystem for Accountable Management online platform, to provide end-to-end transparency on the planning, selection, procurement, and delivery of all reconstruction projects…

UK Govt announces global call to action to tackle illicit finance through increased transparency of company ownership, ahead of World Bank Spring Meetings

Transparency about who owns, controls, or benefits from companies is a cornerstone of preventing and combatting corruption, organised crime, and tax evasion.   The UK is leading the call to action with contributions of £2 million to trust funds managed by the World Bank and the International Monetary Fund (IMF) to tackle corruption, money laundering, and illicit finance…

TI UK unveils report on ‘Investing with Integrity II: How corruption undermines environmental and social outcomes’

The report highlights that many impact investors are not fully considering or managing corruption risk, and that this may lead to serious financial and reputational issues. It also highlighted how corruption contributes to or exacerbates the environmental and social risks that impact investors try to minimise…