Some reflections on the Pandora Papers revelations, and a new must-read book to make sense of it all.
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UAE: Petrofac banned from bidding on Public Contracts
Petrofac has been banned from competing for new contracts in the United Arab Emirates months after a former executive pleaded guilty to bribery in the U.K. over past work in the UAE.
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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 missed.
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USA: More Whistleblower Incentives and Protections in Historic Anti-Corruption Legislation
The Compliance Lady ABUSE OF POWER, AML, Banking, BRIBERY, BSA, Compliance Officer, Grand Corruption, Kleptocracy Asset Recovery, Public Funds, Shell Companies, USA, Whistleblower
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.
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