Monday, 02 December 2013 22:39

ATM Fraud

ATM Fraud in Middle East banks

On 19th November 2013, it was announced that six persons was arrested and charged for ATM fraud of 45 US$ in Middle East banks.

Sources: Reuters, Computerworld, ZDNet, South China Morning Post, Wall Street Journal, New York Times, Voice of America, CNN.

Monday, 02 December 2013 22:34

FCPA Trends

FCPA Trends

On 22nd November 2013, on 18th to 21st November Senior Officials discussed the FCPA trends and activity. Also, more FCPA cases will be expected in 2014 according to SEC, DOJ officials.

 

Sources: Law 360, The Wall Street Journal, The National Law Review, Main Justice.

Monday, 02 December 2013 22:26

Economic Sactions

Iran Sanctions

On 25th November 2013, it was announced that EU sanctions against Iran will be begin easing from December 2013.

Sources: AP, NPR, Bloomberg, Hispanic Business

Monday, 02 December 2013 22:06

Bribery and corruption investigation

Weatherford International Ltd

On 28th November 2013, it was announced that Weatherford International Ltd., a major oil and gas services provider will pay the US government almost US$253 million as part of a bribery and corruption investigation settlement. The bribes are related to Congo and Iraq business operations.

Sources: Bloomberg, Washington Post, Upstream Online, Koki Fox, Daily Journal, New York Times,

 

 

 

UK corruption

On 23rd November 2013, it was announced that Attorney General Dominic Grieve has said that corruption problem in some minorities’ communities in UK.

Source: BBC, The Nation, The Times, Telegraph, The News International, The Independent, Business Standard