After several states in the U.S. and Canada legalized cannabis and cannabis derivatives over the last few years, the legalized cannabis industry in North America has managed to attract investment from the UK.… Continue Reading
As somebody who has argued that open public corporate registers of Ultimate Beneficial Ownership (UBO) information are a flawed concept, I was somewhat surprised when one of the UK overseas territories suddenly decided to go it alone, after many arguments that the territories offered more robust company register systems than the UK.… Continue Reading
There have been several developments in recent weeks that have struck damaging blows to those who state that open public registers of Ultimate Beneficial Owners (UBOs) are the only answer to global corruption and tax evasion.… Continue Reading
It may be perceived that Transparency International (TI), and its now-rebranded former U.S. branch, the Coalition for Integrity (CI), and I do not get along.… Continue Reading
The UK’s Serious Fraud Office (SFO) enjoys a mixed reputation as far as other law enforcement agencies are concerned, in particular the police.… Continue Reading
The strong-arm tactics employed by federal prosecutors in the United States may be about to hit the UK, thanks to the Serious Fraud Office’s (SFO) new head, Lisa Osofsky, a former FBI lawyer.… Continue Reading
The that Ukraine’s Constitutional Court (UCC) has abolished a law designed to prevent government officials from benefiting from corrupt practices, effectively waves a white flag at those who see public service as a means to line their own pockets.… Continue Reading
Blue-chip accounting and auditing firm Grant Thornton has found itself following the collapse of the café chain Patisserie Valerie in the UK. Patisserie Valerie went into administration recently after a £40 million ($52.5 million) hole was uncovered in its balance sheet, allegedly caused by an internal fraud.
The company’s former finance director has been arrested on suspicion of fraud, but fortunately for those employed by the chain, recent reports suggest that almost 100 cafés will be rescued in a deal funded by .… Continue Reading
The Canadian Broadcasting Corporation has done a tremendous job of detailing the fall from grace of engineering giant SNC-Lavalin’s former $5 million-per-annum CEO, Pierre Dunhaime, after the company become mired in a major corruption scandal which has gripped Canada and already claimed political scalps.
Dunhaime was recently sentenced to 20 months’ house arrest and 240 hours of community service, as well as handing over a $200,000 cheque, after pleading guilty to a charge of helping a public servant commit a breach of trust.… Continue Reading