Tag: financial crime

In today’s era of billion-dollar corruption scandals and wealth-hoarding kleptocrats, an increasing number of governments and global organizations are taking steps towards beneficial ownership transparency (BOT). A beneficial owner is, according to Transparency International’s definition, “the real person who ultimately owns, controls or benefits from a company or trust fund and the income it generates”…. Read More

As COVID-19 spread across the world in 2020, it unleashed a torrent of high-profile corruption cases and opportunities for financial crime. Rising economic uncertainty created new opportunities for fraudsters, money launderers, and cyber criminals who rapidly adapted to the new normal. Meanwhile, a flood of corruption reports tied to COVID-19 emergency funding, procurement, and health systems was seen around… Read More