Whistleblowers reporting cases of corruption in Saudi Arabia will be able to benefit from financial and in-kind rewards.
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?”
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.
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”
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?
Flying excess baggage and using your position to avoid paying for it is enough to land you in hot waters in Thailand.