David Cameron | The FCPA Blog

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Posts Tagged: David Cameron

UK enforcement: Charging Barclays is a good first step to ending corporate impunity

Rahul Rose and Sue Hawley June 22, 2017

Until the SFO announced its charges against Barclays, not a single UK bank or individual had faced criminal prosecution for their role in the financial crisis of 2008.

The financial crisis and the recession that resulted is the root cause of the austerity measures that are causing such deep damage to the UK’s public bodies, including local councils, the National Health Service, fire departments and schools.… Continue Reading

PM Cameron announces beneficial owner registry for foreign companies holding or buying UK property

Richard L. Cassin May 12, 2016

Prime Minister David Cameron hosted an international anti-corruption summit in London Thursday and used the event to announce steps to end the secret ownership of property in the UK by foreigners.… Continue Reading

Martin Kenney on the Panama Papers: BVI has more corporate transparency than the U.S., UK

Martin Kenney May 12, 2016

Martin Kenney appears on CBC NewsIn the wake of the Panama Papers revelations, the U.S. has (belatedly) announced that it will tighten checks on anonymous companies. The rules, which include requiring financial institutions to find out and keep records on the real owners behind the companies that use their services, aim to help U.S.… Continue Reading

White House acts to end secret U.S. companies and hidden foreign ownership

Richard L. Cassin May 6, 2016

The Obama Administration Thursday announced a series of actions to end the use of anonymous corporations in the United States and require disclosure of beneficial owners when foreigners deposit money or buy assets in this country.… Continue Reading

Martin Kenney: Tackling corruption means tackling the proceeds of crime

Martin Kenney April 18, 2016

UK Prime Minister David Cameron has said corruption adds 10 percent to business costs globally.

In Malta late last year, Cameron urged Commonwealth leaders to clamp down on graft, saying: “Corruption wrecks economies, prevents development, and corrodes our societies.… Continue Reading

Bill Waite on the Panama Papers: It’s time for some crisis management

Bill Waite April 14, 2016

A good friend of mine who ended his career as a very senior police officer once gave me an excellent piece of advice. He told me that anyone can manage an organization when things are going well — it is when things become difficult that true leaders emerge.… Continue Reading

Event Note: Perspectives on the May 2016 London Anti-Corruption Summit (April 13 – Washington, DC)

The FCPA Blog April 7, 2016

An increased urgency is growing around the world regarding the need to confront the deep-rooted problem of corruption.

Prime Minister David Cameron plans to host a major international anti-corruption summit in London in May 2016 that will engage the global community on this issue. … Continue Reading

Martin Kenney: An open register of beneficial owners is a bad idea

Martin Kenney January 21, 2016

Last year UK Prime Minister David Cameron promised to rip aside the “cloak of secrecy” and set new standards for transparency of company ownership.

What came out of the Joint Communiqué issued by political leaders and representatives of the UK and Overseas Territories last month (following reportedly “robust discussions”) was an agreement to hold the information on the people who ultimately own and control companies — so-called beneficial owners — in their jurisdiction, either in centralized registries “or similarly effective systems.”… Continue Reading

U.S. and UK risk assessments differ on real estate-related AML

Alex Zerden and Sarah Freuden November 23, 2015

The United States and United Kingdom recently published comprehensive money laundering risk assessments through the UK’s National Risk Assessment and the U.S.’s National Money Laundering Risk Assessment.

The UK’s National Risk Assessment (NRA) and U.S.’s… Continue Reading

Brook Horowitz on FIFA and beyond: The clean up can start here

Brook Horowitz June 10, 2015

The FIFA scandal reminds us that corruption remains embedded right at the top of some of the world’s institutions. And it’s not only FIFA: the almost daily reports of fines for the major Western banks for failing to prevent money laundering, or for foreign exchange and interest rates manipulation — crimes dating back to the financial crisis — show the extent to which corruption is part of the normal operating mode of transnational institutions, whether public or private.… Continue Reading

Cameron to G7: FIFA mess shows ‘cancer of corruption’

Richard L. Cassin June 8, 2015

UK Prime Minister David Cameron took to the Huffington Post Saturday to blame corruption for many of the world’s problems and to urge fellow G7 leaders to do more than meet graft “with a reluctant sigh.”… Continue Reading

Will a pay raise keep the Mandarins honest?

Hui Zhi February 4, 2015

China’s State Council has released a plan to increase salaries of civil servants amid public expectations that it will help curb corruption.

President Xi Jinping and other six members of the Politburo Standing Committee will have their annual salary increased from 7,020 yuan ($1,130) to 11,385 yuan ($1,759), a 62 per cent jump, according to the plan.… Continue Reading