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
The European Court of Justice ruled on July 11 in Klyuyev v Council that the Council of the European Union acted improperly in extending the freeze on the assets of the former President of Ukraine, Viktor Yanukovych, his son and several members of Yanukovych’s administration.… Continue Reading
As if to prove my point that open/public company ownership registers are only as good as the information declared and recorded, news broke last month that a UK office block was home to more than 100 potentially shady companies listed there.… Continue Reading
On April 26, a new law requiring companies to have compliance programs will come into effect in Ukraine. The law applies to almost all companies participating in public tenders and to state owned enterprises over a certain size.… Continue Reading
As the world focuses attention on the conflict in Ukraine, it focuses on corruption in Ukraine. In the words of Vice President Biden, Ukraine must “fight the cancer of corruption.”… Continue Reading
A conference organized by the Ukraine Anti-corruption Action Centre (AntAC) jointly with Ukrainska Pravda & GOPAC-Ukraine on April 24, 2014 in Kyiv identified many challenges relating to the recovery of assets stolen by former President Yanukovych and his associates, and started a national dialogue to address these challenges.… Continue Reading
A pro-Russia Ukrainian energy magnate has been arrested in Austria at the request of the United States following an FBI investigation.
The Financial Crimes Enforcement Network (FinCEN) issued an Advisory to U.S. financial institutions reminding them to take risk-based steps to track the potential movement of assets related to Viktor Yanukovych and his former administration.… Continue Reading