London Governance & Compliance Academy
SOUTH AMERICA In South America, the landscape of financial crime is complex, and money laundering constitutes a significant part of this problem. The Global Financial Integrity’s report in 2021 estimated that the illicit financial flows from developing countries, which include a substantial number from South America, amount to approximately $1 trillion annually. High-profile […]
Is an Anti-Bribery and Corruption (ABC) Policy Needed? The UK Bribery Act 2010 stipulates an offence of failing to prevent bribery, thereby necessitating organisations to establish robust anti-corruption procedures. The failure to do so can result in prosecution and significant financial penalties. Hence, an anti-bribery and corruption policy is crucial for all organisations, regardless of […]
Unearthing bribery and corruption in its myriad forms is an expanding sphere of activity within all financial organisations across every type of jurisdiction globally. The UN approximates that bribes amounting to $1 trillion are exchanged annually, with an additional $2 trillion squandered due to corruption. Based on PwC’s Global Economic Crime Survey (2022), 51% of […]
