Prosecutors re-open investigation into death of Russian anticorruption...
Almost two years ago, Sergei Magnitsky, a Russian lawyer who was working for a Moscow based law firm and was acting for Hermitage Capital, a London based investment fund, died in state custody,...
View ArticleTHE SERIOUS FRAUD OFFICE (SFO) CREATES A WHISTLEBLOWING HOTLINE
On 1 November 2011, the SFO launched a confidential hotline (called “SFO Confidential”) together with an online reporting form to facilitate reporting suspected fraud or corruption. The SFO Director,...
View ArticleUS Securities and Exchange Commission Annual Report on the Dodd-Frank...
As we have reported in a previous post, on 6th June 2011, section 92 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“the Dodd-Frank Act”) amended the Securities Exchange Act of 1934...
View ArticleCorruption Investigation into EADS continues - no interference by the...
We have previously posted blogs on this story on 8 June 2011 and 13 October 2011. In the last post we reported that the Attorney General, Dominic Grieve, was said to be considering whether the Serious...
View Article"Enforcing the law on fraud and corruption: does self reporting pay?"
This was the title of a seminar at which the Director of the Serious Fraud Office, Richard Alderman, spoke at the Said Business School and Oxford University on 6 March 2012. The full text of the speech...
View ArticleBP receives whistleblower letter alleging corruption in its tanker division
The Daily Telegraph reported on 15th March that last week the Chief Executive of BP, Robert Dudley, received a letter from a whistleblower describing himself as a BP employee alleging that corruption...
View ArticleSFO Confidential: yet to lead to any investigations
The new SFO director, David Green, has his work cut out for him as his budget strapped department heads towards the first anniversary of the Bribery Act, without having initiated a single corporate...
View ArticleSEC and DOJ release long awaited FCPA Guidance
The United States Securities and Exchange Commission and the US Department of Justice have jointly just released their new guidance for businesses under the FCPA, styled as a "resource guide". Here it...
View ArticleA REVIEW OF A YEAR IN CORRUPTION - AND THE TRANSPARENCY INTERNATIONAL 2012...
Just before Christmas, Transparency International UK (TI-UK) published a short article reviewing the highs and lows of 2012 in terms of corruption. The article can be found here. Many of these stories...
View ArticleDirector of the SFO and Director of Public Prosecutions publish joint draft...
Yesterday the Director of the SFO and the Director of Public Prosecutions (DPP) published a draft Code of Practice for the use of Deferred Prosecution Agreements (DPAs). DPAs were enacted as a...
View ArticleInternational Business Attitudes to Corruption - Survey 2013
The business intelligence firm, Control Risks, together with the Economist Intelligence Unit undertook a survey earlier this year to examine international attitudes to bribery and corruption and their...
View ArticleBritish Bankers Association Updated Anti-Bribery and Corruption Guidance May...
The British Bankers Association (BBA) has this month published its new guidance, to assist those in the banking sector to comply with the Bribery Act 2010 as well as the anti-corruption regulatory...
View ArticleUK GOVERNMENT'S RESPONSE TO THE DEPARTMENT FOR BUSINESS, INNOVATION AND...
A theme present in a number of press articles on “Whistleblowing” over recent months has been that, despite regulatory advances, whistle-blowers continue to be ignored, hushed or retaliated against....
View ArticleComing clean - the argument for cooperating with the SFO on corporate crime*
*This title is taken from an article published in Legal Week last week which we quote in full below. Following the recent sentencing of four individual defendants in the Innospec corruption...
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