Bribery and Corruption

JPMorgan settles US bribery charges

JP Morgan Chase has paid a combined amount of $264 million to settle US bribery charges.

According to a press release issued by the US Securities and Exchange Commission, JP Morgan's Asian subsidiary breached the Foreign Corrupt Practices Act by employing friends and relatives of clients and government officials to secure business in the Asia-Pacific region, generating more than $100 million in revenue from the scheme.

SEC, 17 November 2016

New evidence of sports corruption by Qatar

The Guardian has reported claims by the French newspaper, Le Monde, that it has evidence that an arm of the Qatari government, Oryx Qatar Sports Investments, was allegedly been involved in sports corruption.

It is claimed that Oryx Qatar Sports Investments paid $3.5 million to Pamadzi Sports Marketing, a company owned by Papa Massata Diack, days before Qatar's failed bid to host the 2017 athletics work championships, which was also around the time that it was bidding for the 2020 Olympic Games. Papa Massata Diack was a former marketing consultant at the International Association of Athletics and was banned for life from track and field for corruption this year. A previous investigation by the Guardian revealed emails that suggested that Mr Diack may have asked for $5 million in payments from the Qatari company.

The Guardian, 18 November 2016

Nigeria's crackdown on Corruption; Supreme Court judge charged

A Supreme Court judge in Nigeria, along with seven other judges, has been charged with corruption and money-laundering as Nigerian President Muhammadu Buhari's continues his crackdown on corruption.

BBC News, 21 November 2016


FCA charges another in relation to boiler room fraud

The FCA has charged an individual with conspiracy to defraud, together with offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006 for promoting and selling shares through four alleged "boiler room"’ companies which traded from the Docklands. He is the sixth defendant to be charged in connection with the FCA's investigation.

FCA, 18 November 2016

Renewable Energy Company, CEO and others charged with fraud

The SEC has charged a California based renewable energy company, 808 Renewable Energy Corp., along with four of its key employees and the companies connected to those employees for defrauding investors out of more than $30 million. 

It is alleged, among other things, that investors were misled into thinking that their funds would be used to acquire new equipment and expand the company but that instead the CEO used the money to pay another of his companies for “consulting services” to fund his lavish lifestyle to make Ponzi-like payments to investors.

SEC, November 17 2016

Money Laundering

£170 million of assets frozen by NCA

In an interview with the Evening Standard, the NCA’s director of prosperity revealed that it is currently investigating 25 cases involving international corruption, which has uncovered £170 million worth of alleged illicit assets.

Evening Standard, 22 November 2016

Cyber Crime

Cyber-hack puts personal data of 6 million Three customers at risk

The personal data of six million customers of Three Mobile may have been compromised after cyber hackers used an employee login to access a customer upgrade database. The database included customer information such as names, phone numbers, addresses and dates of birth.

It is understood that the National Crime Agency is currently investigating the breach and has arrested three people in respect of the incident, two people for computer misuse and one for perverting the course of justice.

The Telegraph, 18 November 2016

Recruitment Company, Michael Page, hacked

Michael Page announced that the personal data of 700,000 job-seekers has been put at risk after the recruitment company was hacked.

The company admitted that email addresses, passwords, phone numbers and private job applications were compromised in the incident that it did not class as a malicious attached. It is understood that the hacker has confirmed that it has destroyed all of the information obtained as a result of the incident.

The Evening Standard, 11 November 2016

Fraudsters impersonate Companies House

It is understood that Action Fraud has uncovered a scam by fraudsters who have been posing as Companies House by sending out malware infected emails to businesses, purportedly from Companies House, to gain access their key financial information.

Action Fraud, 3 November 2016


Office of Financial Sanctions Implementation publishes revised list of asset freeze targets

The Office of Financial Sanctions Implementation has updated its list of designated persons who have had their assets frozen as part of the UK's financial sanctions over Syria. The list of designated persons includes people who have been identified as being responsible for the violent repression of the Syria's civilian population as well as the business entities associated with them.

GOV.UK, 21 November 2016

Health and Safety

Surgeon wins appeal against conviction

A surgeon who served a jail sentence over the death of a patient at a private hospital has won an appeal against his conviction.

David Sellu, 69, was convicted of gross negligence manslaughter and given a two and a half year prison term in November 2013. He served 15 months before being released in February last year. The Court of Appeal ruled that his conviction was “unsafe” on a number of grounds.

The Guardian, 15 November 2016

Thanet District Council fined

Thanet District council has been fined £250,000 after a worker was diagnosed with hand arm vibration syndrome.

The court heard how the worker spent up to six hours a day using a range of powered equipment and as a result has been left permanently injured.

Thanet District Council pleaded guilty to breaching Regulations 6(2) and 7(1) of the Control of Vibration at Work Regulations 2005 and was fined a total of £250,000 plus costs of £18,325.84.

SHP, 21 November 2016

Company Director fined

The director of a Port Talbot furniture factory and three of its managers have received suspended prison sentences for ongoing health and safety failings.

Ten Improvement Notices were served on the company in February 2015 for failings including poor control of wood dust, no maintenance of work equipment including fume and dust extraction and noisy conditions. There were also inadequate toilet and washing facilities. Despite ongoing intervention by the HSE, there was little progress and conditions remained poor with seven of the Improvement Notices not being complied with.

The director and managers each pleaded guilty to breaching Section 37 of the Health and Safety at Work etc Act 1974, received 10 month prison sentences suspended for 2 years and were ordered to pay costs of £2,500 each.

HSE, 16 November 2016


Waste company and director fined £20,000 for Waste Mountain

Connect Waste Management UK Limited and one of its director have been fined for storing waste that exceeded the site's permit.

The company was fined £6,000 and order to pay £8,000 in costs and its director was fined £2,136 and ordered to pay £4,000 costs.

GOV.UK, 9 November 2016