Tag: Bribery

Economic crime has emerged as a major global threat, fuelled by rapid technological developments that have made financial crimes more sophisticated and harder to...

In the intricate world of financial crime risk assessments, compliance, and technological measures often take precedence. According to Arctic Intelligence, however, understanding the cultural...

In September 2023, the Financial Conduct Authority (FCA) provided fresh guidance about how to treat Politically Exposed Persons (PEPs). In response to this, businesses under regulation might find it beneficial to revisit their existing PEPs screening systems. This not only ensures alignment with the new directive but also makes certain that the screening process remains both effective and efficient.

Swiss authorities recently took action against the daughter of Uzbekistan's former president, accusing her of crimes such as money laundering and bribery. This resulted in an asset freeze to the tune of $483m.

Bribery and corruption are two sides of the same coin. Often, public officials who accept bribes are usually considered corrupt, as are organisations that attempt to bribe.