The Compliance Lady
Compliance news and commentary
Category: Abuse of Power
Former Geneva Minister found guilty of accepting undue advantage from Abu Dhabi
So the verdict is in: being invited by a Sheikh to watch the F1 race will land you in hot waters in Switzerland. A former Geneva minister has been found guilty of accepting an undue benefit linked to his luxury trip to Abu Dhabi.… Continue Reading “Former Geneva Minister found guilty of accepting undue advantage from Abu Dhabi”
Belgium: Airport CEO fired for serious misconduct, corruption
The dismissal was decided by the board of directors following the conclusions of an audit report carried out by Deloitte. Members-only content. While the blog operates on a free-to-view basis, your registration is required in order to read all of the content. To continue… Continue Reading “Belgium: Airport CEO fired for serious misconduct, corruption”
Death sentence for China’s Top Banker guilty of bribery: should compliance Officers take note?
LinkedIn was abuzz yesterday with news of one of China’s top bankers’ sentencing to death after he was found guilty of accepting $277 million in bribes. Capital punishment for government officials convicted of bribery in China is uncommon but not unheard of. But here’s what you may have… Continue Reading “Death sentence for China’s Top Banker guilty of bribery: should compliance Officers take note?”
USA: More Whistleblower Incentives and Protections in Historic Anti-Corruption Legislation
BSA-AML Compliance Officers, take heed! A new whistleblower rewards program was approved by the U.S. Congress last week with important implications both for financial institutions and for foreign government officials trying to hide their stolen money in the United States. Members-only content. While the… Continue Reading “USA: More Whistleblower Incentives and Protections in Historic Anti-Corruption Legislation”
Multinational Companies Return Money to South Africa after Corruption Probes
What is happening in South Africa lately is so interesting. The results of the so-called “State Capture” investigation have produced some striking findings. South African authorities have investigated how several multinationals contracted with State-owned entities via the Gupta brothers (now exiled in Dubai), who in… Continue Reading “Multinational Companies Return Money to South Africa after Corruption Probes”
Morocco: Big Bosses in Court for Corruption and Squandering of Public Funds
Former parliamentarians, ministers, directors of public establishments, and billionaires are being prosecuted for corruption, squandering of public funds or mismanagement in Morocco. But is it enough? Members-only content. While the blog operates on a free-to-view basis, your registration is required in order to read… Continue Reading “Morocco: Big Bosses in Court for Corruption and Squandering of Public Funds”