Final month, the Chair of the Egmont Group, Mrs. Hennie Verbeek-Kusters, sat down with Mr. Keith Nuthall from Cash Laundering Bulletin to conduct a video interview. The 30-minute interview explored the challenges and impacts of COVID-19 on the AML/CFT system. Mrs. Verbeek-Kusters elaborated on how FIUs have tailored to the pandemic to proceed their work…
On July twenty ninth, the World Customs Group (WCO), the Egmont Group (EG), and FIU Hungary hosted a world webinar on cooperation between customs authorities and FIUs worldwide. Through the webinar, presenters outlined the principle findings of the joint WCO/EG “Customs-FIU Cooperation Handbook” and expanded on the handbook implementation progress. They highlighted some success tales…
Eleven-year-old Azlan from Afghanistan was one of thousands of unaccompanied minors who arrive in Europe every year, fleeing conflicts in their home country or simply seeking a better life. AZLAN’S DREAM was to join his mother Kashmala, who was travelling separately to the UK.Greek police intercepted him as he was being transported by a ring…
“When I come to another country, I never ask whether the laws are good or bad. I only ask if they are implemented”, Arkady and Boris Strugatsky, “Doomed City”. A systematic violation of the rights of attorneys has long become a tragic pattern in Ukrainian society. Despite the guarantees of the rights of attorneys’ established…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The 2018 rewrite of the ACM code of ethics and professional conduct has brought it up-to-date with new technologies and societal demands. This code supports the ethical conduct of computing professionals through a set of guidelines for positively working in the…
The U.S. Securities and Exchange Commission (SEC) is looking into charges that some of the largest multinational OEMs of medical imaging equipment allegedly paid bribes to government officials in China to secure equipment sales, according to an article published June 4 in Reuters. The SEC investigation includes GE, Siemens, and Philips, and is part of a broader…
In a report published today on corruption prevention in Latvia in respect of members of parliament, judges and prosecutors, the Council of Europe’s anti-corruption group (GRECO) regrets the lack of measures concerning regulation on lobbying, parliamentary ethics and conflicts of interest. Despite draft amendments which are reportedly geared towards enhancing transparency of law making, as well as…
Whatever its faults, American culture has a strong aversion to white-collar corruption. Corporate scandals like Enron shock us to our core. But in many parts of the world, Enron-like fraud is par for the course. Throughout the Middle East, corruption runs rampant in the business world. High-class thieves are aided and abetted by politicians whose…
Over the last eight years, China has cracked down on bribery and corruption, particularly in its investigations and prosecutions of public officials, but what about corporate enforcement? Corruption, according to Chinese President Xi Jinping, remains the greatest threat to the Communist Party’s survival, and according to Transparency International’s Corruption Perceptions Index 2018, which was published in January…
The cannabis industry has a corporate governance problem. And it’s an issue that marijuana executives can ill afford to ignore. This can be especially troublesome for execs at publicly traded firms, which risk alienating investors and consumers. Corporate governance issues are commonplace in an emerging industry such as cannabis, where company founders can have blemishes on their…
