At $51 billion per annum, India ranks 4th in black money outflow: report

At $51 billion per annum, India ranks 4th in black money outflow: report
China tops the list with $139 billion average outflow of illicit finances per annum, followed by Russia ($104 billion per annum) and Mexico ($52.8 billion per annum).

EXCLUSIVE-Vatican inspectors suspect key office was used for money laundering

EXCLUSIVE-Vatican inspectors suspect key office was used for money laundering
EXCLUSIVE-Vatican inspectors suspect key office was used for money laundering Nov 03 2015 Philip Pullella, Reuters Vatican financial investigators suspect a department of the Holy See which oversees real estate and investments was used in the past for possible money laundering, insider trading and market manipulation, according to a report seen by Reuters. The information in the confidential document, which covers the period from 2000 to 2011, has been passed on to Italian and Swiss investigato…

Management de la lutte anti-corruption et gestion du risque criminel

Les conventions internationales de l’ONU, les recommandations de l’OCDE, les lois nationales – dont l’application est globale – votées par les Etats Unis, les pays Européens et leur propres cadres réglementaires, les lois supranationales dans le domaine bancaire, sont autant de « canevas », de cadres de référence que les entreprises doivent appliquer pour lutter contre la corruption[i]. Cette multiplication nécessaire des cadres de référence crée des enjeux pour le management des entreprises, qu’elles soient présentes à l’international ou simplement exportatrices. Cela accroit le nombre de contraintes de déclaration, et documentation, pour être « conforme » à ces canevas. Les entreprises doivent avoir un outil à même d’être adapté à son environnement d’emploi, aux contraintes de chaque cadre d’action et apportant des méthodologies opérationnelles. Cet outil doit-il être normé, pour être reconnu officiellement, ou plus simplement conforme aux cadres de référence afin de pouvoir être accepté par les autorités officielles le cas échéant ? L’Observatoire du Crime Organisé (OCO)[ii] propose un système de management répondant à ces différents enjeux.

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Business intelligence, ethics, compliance and risk anticipation

Business intelligence, ethics, compliance and risk anticipation. Companies willing to develop their activities internationally are facing several kind of risks: political instability, unfair competition, economic espionage but also sometimes corruption existing in public call for offers or industrial projects. These risks can combine in an extreme case when the company won’t have the same responsive or influence tools than its competitors. As of now, the corruption risk rising can be considered as a competition distortion since the laws are different in each country. These hyper-competition changing forms development, linked to the emergence of players which don’t have to follow the same rules, creates a new challenge. The good internal governance, as processes audit, and preventive investigation, methods grouped in the compliance concept are new ways to protect itself against these threats.

Business intelligence, ethics, compliance and risk anticipation