White Collar Crime, AML, Bribery & Corruption

Foreign Bribery in Australia II: U.K. Serious Fraud Office Tightens Approach to Enforcement of Bribery Act 2010

Originally Published: 
Monday, October 15, 2012
The U.K.’s Serious Fraud Office has significantly tightened its policies on facilitation payments, hospitality and self-reporting under the Bribery Act 2010, with implications for Australian firms.

Financial Services Authority Fines Barclays £59.5 million for Significant Failings in Relation to LIBOR and EURIBOR

The Financial Services Authority (FSA) has fined Barclays Bank Plc (Barclays) £59.5 million for misconduct relating to the London Interbank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (EURIBOR).
Originally Published: 
Wednesday, June 27, 2012

LIBOR Scandal Spreading

The London Inter Bank Offered Rate is a central benchmark for global financial markets. Known as Libor, the rate is an average of the interests banks charge to loan amongst themselves. It is a key to a wide range of contracts worth over 350 trillion US dollars.
Originally Published: 
Wednesday, July 25, 2012

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