Spain is in the grip of a massive corruption scandal. A trial began this month in which some of the highest-ranking former lawmakers and officials of the ruling Popular Party (PP) are facing .… Continue Reading
Posts Tagged: Spain
A former manager of a polymer banknote manufacturer was convicted Wednesday in London of four counts of making corrupt payments to a foreign official.
Peter Chapman, 54, used to work for Innovia Securency PTY Ltd.… Continue Reading
Effective speak-up or whistleblowing hotlines are an element of good governance and can act as an early warning system. But while most large companies have a formal mechanism where employees can voice concerns, our 2015 Ethics at Work survey shows that employees don’t have confidence in the system.… Continue Reading
Transparency International recently published its first analysis of corporate transparency, measuring the amount and quality of corporate disclosure by the world’s largest 120 enterprises. The results? Not a single U.S.… Continue Reading
The U.S. Treasury Department’s Financial Crimes Enforcement Network said senior managers at Banca Privada d’Andorra took bribes for several years to help launder money for organized crime groups.
FinCEN designated the bank, known as BPA, as a foreign financial institution of primary money laundering concern under Section 311 of the USA PATRIOT Act.… Continue Reading
The group of donors who contribute aid directly to Mozambique pledged $275 million in aid this week, a decrease from the $309 million given last year, citing concerns about corruption in the region.… Continue Reading
A petition for the resignation of the leadership of Spain’s Partido Popular party hit its goal of a million signatures within a week of its launch on January 31, Fox said.… Continue Reading
A new report released by Transparency International Wednesday linked corruption in Europe with debt problems there. Greece, Spain, and Portugal were named as economies most threatened by graft and debt.
The Wall Street Journal quoted Finn Heinrich, TI’s research director, as saying: ‘The reasons for the [debt] crisis differ from country to country, but countries that are worst hit by the crisis are also those where corruption is most pervasive and where there’s a lack of integrity in the public system.’… Continue Reading