On July 21, 2015, the World Bank’s Board of Executive Directors approved a new policy governing procurement in projects financed by the Bank. In the new Procurement Framework, the World Bank said its management “will examine options to collect, and make available the beneficial ownership information for legal entities participating…
On December 17, 2014, EU law makers within the European Parliament and the Council of Ministers have reached political consensus on tougher anti-money laundering rules which are expected to be formally finalized next year in the fourth anti-money laundering directive. The rules agreed on are aimed at making questionable deals…
On 23 October 2014, Transparency International published a report which analyzed the enforcement of the the Organisation for Economic Co-operation and Development’s Anti Bribery Convention. 41 countries, accounting for approximately two-thirds of world exports, signed the OECD Anti Bribery Convention. 15 years after entering into force only four countries “are…
On September 1, 2014 the anti-bribery regulation governing bribery of members of parliament was tightened by the new Sec. 108e StGB (German Criminal Code) entering into force. On February 21, 2014 the members of parliament had already voted for the new regulation, aiming to tighten laws on bribing delegates ,including and in particular…