Scandal engulfed one of India’s largest conglomerates at the end of January, when a report by a US-based short seller alleged massive corporate fraud. As well as sending shares in Adani Group companies tumbling and heightening fears of wider economic contagion, the report ignited a political scandal, with opposition parties highlighting Prime Minister Narendra Modi’s…
Tag Archive for country risks
The Rocky Road Ahead for US-Russia Relations
Relations between the US and Russia are widely expected to continue their downward trajectory when President Biden enters office on 20th January. Biden arrives in office in very different circumstances from previous incumbents. In most recent cases, US presidents have started their terms by seeking better relations with Russia. This time, however, there are no illusions…
Scenarios for Regime Change in Venezuela
The domestic power-struggle in Venezuela between the acting regime leader, Nicolás Maduro, and opposition leader, Juan Guaidó, claiming presidency and calling for a free elections, is exacerbated by the geopolitical rivalry between Russia, supporting Maduro, and the US, supporting Guaidó, over the country’s fate.
The Controversial EU List of High-Risk Third Countries
EU Methodology for Identifying High-Risk Third Countries
The 5th EU Anti-Money Laundering Directive, in force as of 11 July 2018, includes amendments to the 4th AML Directive, among them improvements in the assessment of high-risk third countries. Moreover, the EU Commission has recently published a relevant methodology for identifying such countries with strategic deficiencies in combating money laundering and terrorist financing.
Investigating Ultimate Beneficial Ownership in Ukraine
Controversial German Anti-Money Laundering Law
Investigative Due Diligence: Achieving Responsible Business Conduct in Mineral Supply Chains
The UK Bribery Act and the Call for Integrity Due Diligence
The United Kingdom Bribery Act 2010 that came into effect on July 1, 2011, marks a new development in extraterritorial jurisdiction in the context of the worldwide campaign against corruption. This article aims to explore, in how far foreign companies are affected by the Bribery Act and what they can do in order to avoid…