Paypal‘s inadequate screening processes result in a £5 Million settlement with OFAC for multiple violations of various US sanctions programs
Enforced subject access requests are commonly used by recruiters to expose details of any criminal convictions held by the candidate. Not anymore.
The arrest by of FIFA officials for charges relating to bribery, corruption and money laundering highlights the long arm of US Law. In this blog we look at how global enforcement agencies are tackling bribery and corruption wherever it may occur, and not just on home turf.
In increasingly challenging market conditions, can businesses continue to deliver on both growth and profit, while remaining compliant and in line with ethical business practices? EY’s recent Fraud Survey looks at whether strong compliance programs and ethical conduct can in fact aid revenue growth not inhibit it.
Food manufacturers warned to take the threat of bribery more seriously, as new figures suggest a third of food firms have no protection in place against such illegal practices.
The digital currency industry is coming under increasing scrutiny due to gaps in anti-money laundering regulations. The growth of currencies such as Bitcoin has revealed the implications of having limited regulations or screening with many cryptocurrencies being used anonymously online for illegitimate trade.
The increasing sanctions activity in Russia means companies more than ever need to prioritise third party, supplier and customer due diligence and understand how sanctions could affect them.
Small to medium companies are exposed to the same compliance, AML and anti-bribery and corruption regulations as large multinational organisations. We discuss how SME’s can help mitigate these risks without reducing business efficiency.
On the 24th March 2015, the FCA set out its 2015/2016 business plan, with a new key focus on examining the systems and controls businesses have in place to tackle financial crime.