Article Filter

Has taxonomy terms (with depth)

FSA Releases Proposed Guidance and Amendments to “Financial Crime: A Guide for Firms”

The Financial Services Authority has published a guidance consultation concerning changes it proposes to make to the regulatory guide entitled Financial crime: a guide for firms.

Originally Published:

Thursday, March 29, 2012

FSA Review into Anti-Bribery and Corruption Systems and Controls in Investment Banks and Proposed New Guidance for All Firms

The Financial Services Authority has published the findings of a thematic review into anti-bribery and corruption (ABC) systems and controls in investment banks

Originally Published:

Thursday, March 29, 2012

World Bank Study Finds That Disclosure of Assets and Income by Public Officials Is Crucial to Curbing Corruption

Income and asset disclosure (“IAD”) systems are gaining recognition as an important corruption prevention and anticorruption enforcement tool.

Originally Published:

Wednesday, March 28, 2012

European Commission fines Czech energy companies Energetický a průmyslový holding and EP Investment Advisors € 2.5 million for obstruction during inspection

The European Commission has imposed a total of € 2 500 000 in fines on Energetický a průmyslový holding and EP Investment Advisors, active in the energy sector in the Czech Republic, for obstructing an inspection carried out by Commission officials from 24 to 26 November 2009 at their premises in Pr

Originally Published:

Wednesday, March 28, 2012

Romanian MP Jailed for 5 Years on Corruption Charges

Romania has jailed a serving lawmaker for the first time, an indication the southeast European country is getting more serious about cracking down on graft after pressure from Brussels.

Originally Published:

Wednesday, March 28, 2012

European Commission Announces Creation of New European Cybercrime Centre

The European Commission has proposed to establish the European Cybercrime Centre within the European Police Agency, Europol.

Originally Published:

Wednesday, March 28, 2012

European Commission Imposes € 169 Million Fine on Freight Forwarders For Operating Four Price Fixing Cartels

The European Commission has fined 14 international groups of companies a total of € 169 million for participating in the period 2002-2007 in four distinct cartels aimed at fixing prices and other trading conditions for international air freight forwarding services, in breach of EU antitrust rules.

Originally Published:

Wednesday, March 28, 2012

PwC Report Highlights That Cybercrime is a Growing Threat To the Financial Services Sector

Cybercrime has risen up the ranks over the last year to become the second most commonly reported economic crime affecting companies in the financial services sector after asset misappropriation (which remains the traditional and most popular way of defrauding an organisation), according to the lates

Originally Published:

Tuesday, March 27, 2012

Governance and Anti-corruption Remain Integral to World Bank’s Work

This paper updates the Governance and Anticorruption Strategy endorsed by the World Bank Board of Executive Directors on October 7, 2007.

Originally Published:

Tuesday, March 27, 2012

Coutts Fined £8.75 million for Anti-Money Laundering Control Failings

The Financial Services Authority (“FSA”) has fined Coutts & Company (“Coutts”) £8.75 million for failing to take reasonable care to establish and maintain effective anti-money laundering (“AML”) systems and controls relating to high risk customers, including Politically Exposed Persons.

Originally Published:

Monday, March 26, 2012

You are here

Article Filter

Pages