Corporate fraud & corruption


Financier Worldwide Magazine

February 2019 Issue

Corporate fraud and corruption across the globe continues to be an uncomfortable reality despite the major effort to facilitate its eradication. A scourge of our times, corporate fraud and corruption has the capacity to irreversibly damage reputations, cost millions (if not billions) of dollars and ruin untold lives. While authorities are indeed setting their sights on identifying and prosecuting perpetrators, companies at risk must be aware of the threat and do the diligence. Failure to do so could lead to massive disruption to business processes, an erosion of employee integrity, intense regulatory scrutiny, not to mention devastating damage to reputation and finances.

FORUM: Tackling fraud and corruption in Africa

FW moderates a discussion on tackling fraud and corruption in Africa between Benjamin Haley at Covington & Burling (Pty) Ltd, Muhammed Essop at GE Power, and Bernice Asuquo at Nepal Oil & Gas.

Risky business: fraud, corruption and corporate culture

Freshfields Bruckhaus Deringer LLP In the past decade, the expanding scope of corporate criminal liability and the increasing appetite by prosecutors and regulators to investigate potential misconduct have intensified the importance of accurately assessing and managing corporate risk. But how do...

Key takeaways from recent SEC financial reporting and auditing enforcement matters

Holland & Hart LLP The Securities and Exchange Commission (SEC) remains focused on pursuing financial reporting and auditing cases. Public companies and audit firms, as well as their personnel, should take steps to try and avoid issues in the first instance, as well as to better protect themselves...

Pursuing individual officers and directors responsible for criminal fraud

Venable LLP In the past, the notion of prosecuting an executive of a multinational corporation residing in a foreign country, especially one on the far side of the world, may have seemed remote. But two recent cases illustrate the increasingly international reach...

The fight against fraud

Mishcon de Reya Fraud continues to be a major issue for businesses of all sizes. Whether businesses are growing in a strong economy, or facing a challenging period in an economic downturn, fraud seems to be ever present. The National Audit Office (NAO) reported that in the year...

The limitations on the police response to fraud: what other options are open to victims?

Peters & Peters It is well-known that serious and sophisticated incidents of fraud are on the rise, and corporates are increasingly likely to be the targets of such attacks. Half of the organisations surveyed in a 2018 study by PwC had been the victim of fraud or economic crime...

Account freezing orders

Hodge Jones & Allen Solicitors 2018 saw the first trickle of applications by enforcement agencies for the freezing of bank accounts and subsequent forfeiture. It is likely that 2019 will see an exponential rise in such applications and practitioners should be fully prepared to assist any parties...

Are the sands of trust law shifting?

Edmonds, Marshall, McMahon As the 2018 Royal Court of Jersey case of First Trust Management Limited AG v Attorney General has shown, there is a new willingness to look beyond the formal principles that govern trust structures and allow the enforcement of criminal sanctions. Typically, sophisticated...

FATF assesses the UK’s anti-money laundering and counter-terrorist financing measures

Brown Rudnick LLP Recent months and years have seen repeated criticism of the UK’s often central role in money-laundering scandals, ranging from the Panama Papers to the Azerbaijani Laundromat. In early December 2018, the Financial Action Task Force (FATF)...

Crypto-assets – the UK’s response to regulation

Saunders Law Cryptocurrency is a relatively new form of currency which can be transferred electronically between users without the involvement of intermediaries or the oversight of a central authority. The ledger is stored electronically by a method known as blockchain...

Q&A: Mitigating fraud and corruption in Latin America

FW moderates a discussion on mitigating fraud and corruption in Latin America between Rodrigo Cunha at AB InBev, Michel Sancovski at Tauil & Chequer Advogados in association with Mayer Brown LLP, and Pablo J. Miranda at Siemens S.A.


AB InBev

Brown Rudnick LLP

Covington & Burling (Pty) Ltd

Edmonds, Marshall, McMahon

Freshfields Bruckhaus Deringer LLP

GE Power

Hodge Jones & Allen Solicitors

Holland & Hart LLP

Mishcon de Reya

Nepal Oil & Gas

Peters & Peters

Saunders Law

Siemens S.A.

Tauil & Chequer Advogados in association with Mayer Brown LLP

Venable LLP

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