Category Archives: Newsletter

How technology can help minimise risk in the compliance process

It will be no surprise to anyone reading this that compliance is becoming increasingly complex. Research conducted by The Risk Advisory Group in late 2015 reveals just how complex, and the impact this is having on compliance professionals. Of those … Continue reading

Posted in 2016-06, Newsletter | Tagged , , , |

Risk-based due diligence: SMEs and low risk engagements

Small and medium-sized enterprises (SMEs) are increasingly trading outside their local regions to access the opportunity and potential for high growth in emerging markets overseas. In Europe, for example, a survey authorised by the European Commission highlights that about half … Continue reading

Posted in 2016-05, 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 2016-04, 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 , , , , , , |