Category: Fraud

Cracking down on Professional Enablers- 2021 OECD Report

Tax evasion, bribery, corruption, money laundering, fraud, sanction evasion and other white collars crimes are often facilitated by lawyers, accountants, financial institutions and other “professional enablers”. A new OECD report sheds light on the extent on the problem, and offers recommendations. Members-only content. While… Continue Reading “Cracking down on Professional Enablers- 2021 OECD Report”

Deutsche Bank fined over $130M to Resolve Bribery and Fraud Violations

Deutsche Bank has agreed to pay US authorities nearly $130M and entered into a DPA to resolve allegations that it breached bribery and fraud laws. A network of consultants in the UAE and Saudi Arabia were used to funnel bribes to clients. Commodities trading… Continue Reading “Deutsche Bank fined over $130M to Resolve Bribery and Fraud Violations”

Boeing to pay over $2.5B for ‘conspiracy to defraud the US’ over 737 MAX

Boeing has been slapped with a whopping $2.5 billion fine to settle criminal charges with the U.S. Justice Department. The aircraft manufacturer has been accused of defrauding the United States by concealing information about its 737 Max airplane. A delve into the Fraud, the DPA,… Continue Reading “Boeing to pay over $2.5B for ‘conspiracy to defraud the US’ over 737 MAX”