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TI UK marks the launch of its updated Corporate Anti-Corruption Benchmark, an industry-leading comprehensive self-assessment tool, on Wed 12 Mar, 15:00GMT in Central London

March 7, 2025

Join Alex Rene (Ropes & Gray Partner, DoJ-appointed FCPA Compliance Monitor) for the launch of TI UK’s updated Corporate Anti-Corruption Benchmark, a self-assessment tool designed evaluate, compare, & enhance your ABC programme in line with global best practices. Reserve your place at businessintegrity@transparency.org.uk…

FCA bans two former Credit Suisse Managing Directors for integrity failings after arranging corrupt loans to Mozambique and taking over $50m in kickbacks

March 5, 2025

In 2019, Andrew Pearse and Surjan Singh pleaded guilty in the US to money laundering, admitting to taking over $50M in kickbacks from corrupt Mozambique loans. In 2021, the FCA fined Credit Suisse £145M as part of a $475M global settlement for due diligence failures tied to the $1.3B loans. The FCA also secured the bank’s agreement to write off $200M of Mozambique’s debt…

RICS launches consultation for new edition of financial crime standard incorporating crypto and AI

March 3, 2025

RICS is launching a consultation for the second edition of its financial crime standard, Countering Financial Crime, which was upgraded to a Mandatory Standard in 2023. The update addresses evolving risks, including AI and cryptocurrency, to help members strengthen compliance and transparency in the built environment. Open from 25 February to 25 April 2025, the consultation welcomes input from RICS members and external professionals, with the revised edition expected by September 2025…

Basel paper calls for reform of UK’s DPA regime to ensure proper compensation for victims of foreign bribery in settlements

February 19, 2025

This paper analyses the UK’s approach to compensating victims of foreign bribery using funds from Deferred Prosecution Agreements (DPAs) and why this effort is falling short. It highlights the conceptual, practical, and political challenges in implementing victim compensation and examines how the UK legal system handles such cases…

TI-UK examines the role of lobbying in Scotland’s transition to net zero, particularly given its historical reliance on the oil and gas sector

February 4, 2025

Briefing considers risks that arise when lobbying lacks transparency, leading to potential policy capture, privileged access, and limited stakeholder engagement. Suggests that greater openness and accountability in lobbying would help prevent undue influence, ensure fair representation in decision-making, and maintain public trust in climate policy development.

SFO reviews the performance of its e-discovery software, used for identifying evident and other relevant material in its criminal investigations and prosecutions

February 3, 2025

Outlines the SFO’s review of digital evidence processing systems, addressing past and current software use, potential issues with search functions, and steps taken to ensure the integrity of investigations…

SFO secures confiscation order for over £1m against Timothy Schools, a convicted solicitor implicated in a £100m fraud scheme

January 7, 2025

This action exemplifies the SFO’s commitment to tracing and recovering proceeds of complex economic crimes. The recovered funds will be used to compensate victims, with Schools facing an additional five-year prison term if he fails to comply with the repayment order. This case is part of a series of recent successful asset recovery actions by the SFO, demonstrating its ongoing efforts to combat financial crime and ensure that perpetrators do not benefit from their illicit activities…

SFO charges five men, including two solicitors following the collapse of the law firm Axiom Ince and alleged improper use of over £60m of client money

January 5, 2025

The firm’s CEO and director Pragnesh Modhwadia is charged alongside co-director Shyam Mistry and Chief Financial Officer Muhammad Ali with two counts of fraud by abuse of position. They are alleged to have misused client funds and exposed thousands of the firm’s clients to losses…

TI-UK’s “Cheques and Balances” report analyses UK political finance, highlighting vulnerabilities in electoral laws that may have allowed illicit financial flows to influence party operations

December 24, 2024

Report focuses on the rising political costs if big money, which has increased the power of wealthy individuals. It also considers vulnerabilities in electoral laws, which may have enabled potentially illicit financial flows to influence party operations. Cash-for-access and undue influence is also covered in this report, as is the spectre of foreign interference.

UK Govt appoints Baroness Hodge as the new Anti-Corruption Champion and launches pilot Domestic Corruption Unit with CoLP

December 15, 2024

Key initiatives include a new Fraud Strategy, a UK Anti-Corruption Strategy, and the establishment of Domestic Corruption Unit to enhance investigations and intelligence. Collaborative efforts between government, law enforcement, financial institutions, and tech companies are crucial, with a focus on data sharing and leveraging technology like AI…

UK Home Secretary announces Baroness Hodge of Barking as the Prime Minister’s new Anti-Corruption Champion

December 9, 2024

As Champion Baroness Hodge will have three core responsibilities: 1)Helping the Government to drive development of a new Anti-Corruption Strategy and provide a challenge function for its delivery, once agreed. 2) Acting as a Government entry point on anti-corruption issues for Parliamentarians, private sector representatives and civil society. 3)Where required, engaging internationally to help drive progress on UK priorities.

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

November 24, 2024

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)…

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