Roger Ng, Goldman Sachs’s former head of investment banking in Malaysia is being charged with money laundering and bribery in the wake of his dealings with Malaysian sovereign wealth fund 1MDB. Ng is pleading not
Pemex is facing difficulties over strategy in relation to the privatisation of its business. This could become an increasingly salient issue for the company as it tackles its complete lack of an ESG strategy. Potential
The UK’s Serious Fraud Office (SFO) is under review following the overturning of one of its judgements by the Court of Appeal in December. The SFO had wrongfully convicted the man and handled the case
Swiss officials are seeking a figure in the region of $45m from Credit Suisse in compensation for a money laundering case. The bank is defending itself and fervently rejects any accusation of wrongdoing against its
Transparency International has established itself as a leading body on matters related to Bribery and Corruption. According to the Transparency International’s recent and yearly survey 131 out of 180 countries did not make any progress
Gaming giant, Tencent, has claimed to be taking significant action against corruption. The company stated that it fired 70 employees last year and terminated business relations with 13 partners over bribery violations. The company is
A recent survey conducted by investment firm, Conning, has shown that increasing numbers of U.S insurers are initiating serious ESG analysis. Interestingly, 91% of respondents indicated that Corporate Reputation was the number one reason for
CEO of construction company Iberdrola, Ignacio Sanchez Galan, appeared in Spain’s high court on account of a 18-year-old spying case against him. Galan is being investigated for bribery, breach of privacy, and fraud. The case
Following the recent Natwest money laundering scandal and £264m fine which ensued, the Financial Conduct Authority (FCA) has indicated that they will be considering using criminal powers to investigate and charge similar cases in the
NatWest has been fined more than £264m for anti-money-laundering failures that involved black bin liners stuffed full of cash being deposited, and sums so large that one branch’s two floor-to-ceiling safes proved “inadequate” for storing
On November 26, 2021, the Organization for Economic Cooperation and Development updated its anti-bribery recommendation for the first time in more than a decade. More than 44 countries have ratified the OECD’s 1997 Convention on
Norway’s $1.4 trillion wealth fund has exited hundreds of companies over the past decade to avoid the environmental, social and governance risk it says they represented. Since 2012, Norges Bank Investment Management has offloaded about
