Category Archives: Newsletter

Sanctions compliance

Financial institutions face considerable challenges as they strive to comply with ever-expanding legal requirements for combating money laundering and terrorist financing. The number of global watch lists and sanctioned activities continues to grow, as does pressure for organisations to extend … Continue reading

Posted in 2016-02 | 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 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 2015-11, 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 2015-10, 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 … Continue reading

Posted in 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 2015-07, 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 2015-06, 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 … Continue reading

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

Physical security and anti-fraud security. Strange bedfellows or a match made in heaven?

Go on admit it, everyone’s done it.  On leaving your home you say to yourself, “Did I lock the door?”  You retrace your steps and ensure that the door to your home is secure.  Some would call this a “senior … Continue reading

Posted in Newsletter |

Developments in the British Virgin Islands that assist in the fight against fraud

A number of developments in the British Virgin Islands (BVI) have improved creditor access to the courts and their subsequent chances of recovering their funds.  These developments exemplify the evolution of the BVI as both a leading commercial centre and … Continue reading

Posted in 2015-03, Newsletter | Tagged , , |