Tags: Corruption

IBE ´Say No´ Toolkit provides employees with immediate assistance

Bribery, corruption and facilitation payments continues to be the most significant ethical issue  for 80% of the FTSE 350 listed companies that responded to the IBE’s  2013 Corporate Ethics Policies & Programmes: UK & Continental Europe Survey. The Bribery Act did much to focus organisations on the need to communicate, train and support employees in this…

UK Home Office to consider financial incentives for whistleblowing

It has been reported (10th October) that the Home Office will consider encouraging whistleblowing by financial incentives in cases involving fraud, bribery and corruption and enabling whistleblowers to receive a share of financial penalties levied against a company guilty of fraud against the government. Audrey Williams, Partner at global law firm Eversheds comments: “We are…

Financial Services sector fined £154m so far this year

The Fraud Investigation and Dispute Services (FIDS) team at EY has today released new research revealing the latest trends in activity from UK regulatory bodies. The research revealed that UK businesses and executives have already been fined over £166m by the OFT, FCA and FSA since the start of 2013 as a result of business misconduct, following…

Employees urged to blow the whistle on fraud and corruption

A new service has launched which encourages confidential reporting of suspected fraud or corruption. The Serious Fraud Office (SFO) says SFO Confidential will enable “concerned individuals to help expose situations that might deserve a closer look”. Anyone in an organisation or connected through business or providers of professional services, and with some inside knowledge of…

Some companies would prefer to deal with incidences of corruption internally rather than disclose details to outside authorities. That is according to a survey of 329 executives, conducted by Deloitte, which revealed that of those questioned 41 per cent would rather keep such matters in-house. Some 75 per cent of executives polled said they believed…