Photo Credit: Feather Project The fight against corruption in Nigeria has hit a major roadblock as Danladi Umar, the chief judge in Nigeria’s Code of Conduct Tribunal, the counter-corruption court, has been charged with soliciting bribes in exchange for leniency in a ruling in 2012. Umar hurled himself into the media spotlight in June 2017… Read More
Photo Credit: Outernationalist On November 4, 2017, Saudi Arabia launched an anti-corruption campaign aimed to tackle the various corruption problems throughout the Kingdom. King Salman bin Abdulaziz issued a royal order to establish the anti-corruption committee and appointed Crown Prince Mohammed bin Salman as the leader of the initiative. It appears that the goal of… Read More
Photo Credit: Four Season Canuck On October 31, 2017, the Government of Canada amended its anti-corruption law to explicitly bar facilitation payments. This move is part of an ongoing effort by Canadian authorities to tighten its anti-corruption regulations. The aggressive move to improve both Canada’s legal regime and its enforcement of anti-corruption stems from several… Read More
Photo Credit: IMF (http://www.worldbank.org/en/programs/youth) The International Monetary Fund (IMF) emphasized the importance of tackling corruption through its #fightcorruption seminar during the Annual Meeting on Sunday, October 15th. The discussion, led by Sean Hagan, the General Counsel at the IMF, highlighted that combating corruption is a vital component for sustaining economic stability, promoting inclusive growth, and… Read More
Photo Credit: Chase Kindberg (via Flickr) The latest, in a series of reports on misconduct in the banking sector produced by Quinlan & Associates estimates that as of 2009, banks have lost roughly $850 billion in profits due to subprime mortgage write-downs, rogue trading practices, failures in anti-money laundering, countering terrorist financing compliance (AML/CFT), and… Read More
Photo Credit: ahslifeofpi5 via Wikispaces Originally posted on the “Ethic Intelligence” blog, Wendy Addison, Founder and CEO of SpeakOut SpeakUp Ltd, discusses the process of self-deception as it relates to corporate compliance and ethics. According to Addison, self-deception is the ethical bleach that removes the willingness to speak up.The “should self” behaves according to ethical principles… Read More