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
Swedish telecom Ericsson agreed Friday to pay the DOJ and SEC over $1 billion in one of the biggest Foreign Corrupt Practices Act enforcement actions ever.… Continue Reading
A year ago, we wrote here about the enactment and possible implications of a new law in China preventing China-based individuals and entities, including the China-based subsidiaries of non-Chinese companies, from providing certain assistance in criminal proceedings outside of China.… 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
A Russian employee of Bombardier accused of aggravated bribery was acquitted Wednesday when the District Court in Stockholm ruled the charges couldn’t be proved.
Evgeny Pavlov worked for Bombardier Transportation Sweden AB.… Continue Reading
Swedish prosecutors charged three former executives of Telia Company AB Friday with bribery in Uzbekistan, including a former CEO.
Authorities in Sweden arrested an executive and questioned several others from international engineering and manufacturing firm Bombardier as part of an investigation into corruption in Azerbaijan.
A March 17 report by the Organized Crime and Corruption Reporting Project (OCCRP) said Bombardier Transportation AB is suspected of paying “millions of dollars in bribes to unidentified Azerbaijani officials through a shadowy company registered in the United Kingdom.”… 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