A trove of money laundering scandals erupted in Northern Europe this year, tying major financial institutions from all three Scandinavian countries to alleged bribery schemes, attempts to evade U.S. sanctions, and serious regulatory failures.… Continue Reading
A recent survey by the Nordic Business Ethics Network into how 1,500 employees in Finland, Norway and Sweden, perceive ethics at their workplaces reveal that over 90 percent value an ethical working place higher than a salary increase or a promotion.… Continue Reading
In the 2016 Transparency International Corruption Perceptions Index released last week, Nordic countries again received the most favorable rankings. Yet, for the second year in a row, Transparency International’s website draws a negative example from the Nordics, citing a scandal involving members of the Danish parliament to illustrate corruption in European countries. … Continue Reading
The United States asked Swedish authorities to freeze more than $30 million in assets linked to an investigation into possible bribery of Uzbek officials and money laundering, RFE/RL’s Uzbek Service reported Wednesday.… Continue Reading
The Convention is important for curbing foreign bribery because its forty one signatory countries collectively account for approximately two-thirds of world exports.… Continue Reading
Conmen have withdrawn money and made bank transfers worth around €500,000 using account codes from duped Finnish victims, mainly females, through a phishing scheme, the Helsinki Times reported Saturday.
Since police first reported the scheme a month ago, law enforcement agencies have managed to recover about €190,000 for the victims.… Continue Reading
Moldova has opened a criminal money-laundering probe connected to the alleged $230 million theft exposed by murdered Russian anti-corruption lawyer Sergei Magnitsky.
Moldova is investigating $53 million that may have laundered through banks there, London-based Hermitage Capital said Monday in a news release. … Continue Reading
Finland: Six employees of Finnish firm Patria charged with bribery, espionage
Six employees of Finnish defense group Patria were charged December 18 with bribery and corporate espionage in connection with a Slovenian defense contract for armored vehicles, Finnish prosecutors said.… Continue Reading