Wolfsberg Group publishes guidance for financial institutions to prevent and protect against bribery and corruption
The Wolfsberg Group has published its updated Anti-Bribery and Corruption Compliance Programme Guidance. The association of global banks that develops frameworks and guidance for the management of financial crime risks – particularly with respect to policies for anti-money laundering and know your customer – says…
TBML, bribery and tax evasion red flags revealed in Afreximbank deal
An investigation into a US$30 million loan to South Sudanese oil marketing company, Trinity Energy, claims to have revealed red flags concerning trade-based money laundering (TBML), bribery and tax evasion. The loan from the African Export-Import Bank (Afreximbank) was backed by senior government officials and…
