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Bribery: Betel nuts and mobile cards
Nepalese customs officers on the India border have turned to traditional betel nut shops and prepaid mobile cards to accept bribes from travellers. Border officers on both sides can be fastidious in...
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Yanukovych’s corrupt excesses, secret files and attacks on activists
When the Ukrainian people descended upon the palatial presidential palace Mezhihiyra in Kiev, they found reams of documents detailing the administration’s corruption; some had been burned. Some files...
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Dying to tell the story
A decade ago, when I started writing about money laundering, organised crime and corruption, my editor told me this was sometimes a dangerous job. Aside from a few scrapes with sub-editors and the...
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Corruption: Does my bung look big in this?
In March, the US Department of Justice has slapped a USD88m fine on Japanese firm Marubeni for their involvement in a seven-year campaign to bribe high ranking Indonesian members of parliament and...
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PEP Alert Romania: President’s brother arrested in bribery case
BUCHAREST, Romania (AP) — Police have arrested the brother of the Romanian president on suspicion of taking a bribe and using the president’s name to promise he could get a prison sentence reduced. The...
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Hong Kong’s wealth industry to focus on compliance and ethics
Hong Kong Imagine the scenario. Sandy, a relationship manager with a private wealth company in Hong Kong has hit only 50 per cent of her quarterly sales target. In the cut-throat world of trickle down...
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The winds of change have rolled in with the Asian Autumn
Since early October, students in Hong Kong have protested against China’s reneged promise of free and fair elections. This coming from the country who protested last when its citizens lost money en...
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Compliance Carols
This is the time of year to roll out the platitudes and look back over the past 12 months, at the high points and low points and this blog is no exception. 2014 has been a great year for compliance,...
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Blacklists, PEPs, corruption and regulation. How is 2015 looking so far?
January 15th saw a round of face to face meetings for jurisdictions found to be lacking in the last FATF plenary, with the APG ML in Sydney. Cambodia, Lao PDR, Pakistan, Afghanistan and Papua New...
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Indonesia bans use of dollars, foreign currency
As of July 1st, Indonesian banks and businesses can no longer accept foreign currencies. Stable currencies, with the Source – http://www.asianews.it US dollar leading the pack, were widely used across...
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