Corruption, procurement and self-cleaning in Denmark | Kammeradvokaten/Poul Schmith

Legal Briefing

In 2015 Denmark’s image as one of the world’s least corrupt nations came under scrutiny as Atea A/S, the Danish subsidiary of the Norwegian IT supplier Atea ASA, came under investigation for bribing several public officials employed in IT departments of various Danish public authorities, including the national police and the regional authority, Region Zealand. …

The ultimate beneficial owner – the Achilles heel of money laundering? | Mareș & Mareș

Legal Briefing

Money laundering represents one of the key challenges in the fight against serious crime, especially considering its stealth nature as well as its cross-border dimension. There is an underlying link between money laundering and other crimes, such as corruption offences, human trafficking, drug trafficking or the financing of terrorism. One of the most significant and …

Heather Mitchell – The Carlyle Group

Feature

‘One reason I’m doing this interview is so I can send it to my parents. They’re really important to me. Ah, suddenly, the hard-woman persona crumbles,’ jokes Heather Mitchell, global general counsel (GC) for investments and head of EMEA at The Carlyle Group.

Straight talk: criminal defence and compliance in AML cases | PARK Wirtschaftsstrafrecht White-collar crime

Legal Briefing

Quotes: ‘Money laundering is for drug dealers and terrorists. We do not have any exposure’; ‘We have never checked against AML lists. Competitors don’t do it. Why would we?’; ‘Lawyers just don’t understand business. That’s just scare tactics’; ‘Yeah, we do have compliance. They don’t generate any revenue’; ‘We here in compliance can preach. But …

Greece’s new breach of trust offence: key issues for boards | Ioannis Giannidis Law Firm

Legal Briefing

‘Breach of trust’, an equivalent to ‘Untreue’, ‘abus de confiance‘ or ‘abuse of position’, is a typical white-collar crime in Greece and the main source of criminal liability risk for the boards of directors (BoDs), CEOs and other officers holding a position of trust within a corporation. Hence, the recent amendments to the actus reus …

The greater good

Feature

Matthew Scully, Clifford Chance: There are two things that I wanted to touch on: first, whether there is such a thing as a good culture – I would say there is no one good corporate culture for all businesses but there are perhaps some basic common features – and, second, the notion of ‘tone from …

US anti-corruption developments – 2019 in review | Diaz, Reus & Targ

Legal Briefing

Throughout 2019, the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) continued to actively investigate and prosecute individuals and corporations under the Foreign Corrupt Practices Act (FCPA) for suspected involvement with political corruption and/or bribery around the world. The US implemented further aggressive measures to fight corruption, including economic sanctions administered …

Our corporate soul

Feature

‘If your boss demands loyalty, give him integrity. But if he demands integrity, then give him loyalty.’ USAF Colonel John Boyd, quoted in Boyd: The Fighter Pilot Who Changed the Art of War by Robert Coram