Category Archives: Newsletter

Preventing fraud and financial crime: Part 2

In our last issue, Dr Stefanie Rummel took a practical look at what impact communication has in preventing fraud and financial crime. This issue, Elif Morgenroth explains how to identify patterns of financial crime and examines the importance of knowing you … Continue reading

Posted in 2016 Newsletter, 2016-04, Newsletter | Tagged |

Decoding the Chinese anti-corruption watchdog’s reporting on state-owned enterprises

Crime or punishment? President Xi Jinping initiated a wide-ranging anti-corruption campaign soon after he was appointed general secretary of China’s communist party in 2012. The main targets of this campaign have been government officials and state-owned enterprises (SOEs). The campaign’s … Continue reading

Posted in 2016 Newsletter, 2016-04, Newsletter | Tagged , , , , , , , |

Preventing fraud and financial crime: Part 1 – communication is key

In the fight against fraud, money laundering, and other financial crimes, there are a number of factors that stand out as recent developments and create new challenges. The regulatory landscape is becoming more crowded, and sectors other than finance are … Continue reading

Posted in 2016 Newsletter, 2016-03, Newsletter | Tagged , |

Book Review: Emerging Risks: A Strategic Management Guide, Catherine Antoinette Raimbault and Anne Barr (Editors)

Managers are now facing business risks that seem closer to the domain of science fiction than anything one would see in business school texts or case studies. Since I started reading Emerging Risks: a Strategic Management Guide, we have witnessed … Continue reading

Posted in 2015 Newsletter, 2015-12, Newsletter | Tagged , , , , , |

A new fraud: the impersonation of CEOs

One of the newest trends in fraud is the impersonation of a senior executive, such as a CEO, to induce an employee to bypass the usual procedures and transfer company money to a fraudulent recipient. CEO fraud preys on cultural … Continue reading

Posted in 2015 Newsletter, 2015-11, Newsletter | Tagged |

Interview with Richard Bistrong

Nick Burkill: Richard, you have become well-known as an anti-corruption compliance consultant and speaker on the strength of your own personal experience as a sales executive selling in many parts of the world identified as having corruption problems, and as … Continue reading

Posted in 2015 Newsletter, 2015-10, Newsletter | Tagged , , , , , |

Managing whistleblowers to benefit investigations in China

Under the table cash kickbacks and conflict of interest relationships involving family members are notoriously difficult to prove in China. Investigators may find only a small number of witnesses, and even these may be reluctant to go on record, for … Continue reading

Posted in 2015 Newsletter, 2015-09, Newsletter | Tagged , , , , , |

Has China’s Anti-Corruption Drive Had Any Real Impact on Commercial Bribery?

        It is impossible to ignore the anti-corruption campaign launched by China’s president, Xi Jinping. Aside from the high profile investigations and charges against multinational companies that have dominated the news, has the campaign had any real … Continue reading

Posted in 2015 Newsletter, 2015-07, Newsletter | Tagged , , , |

Virtual currency: a new challenge for international AML enforcement

Virtual currencies, such as Bitcoin, present new challenges for international anti-money laundering (AML) enforcement. Whilst they have legitimate uses, they offer real-time, low-profile conduits for criminals to transfer funds and launder traditional currencies in a vacuum, outside international banking laws … Continue reading

Posted in 2015 Newsletter, 2015-06, Newsletter | Tagged , , , , , , |

Refining the art of corruption investigations and subsequent dismissals in China

PART 1: Allegations, evidence and expecting the unexpected Real world examples Mr Wang (not his real name) headed the purchasing department for his division in a Shanghai based multinational advertising company.  He was also a shareholder in a small technology company, … Continue reading

Posted in 2015 Newsletter, 2015-05, Newsletter | Tagged , , , , |