UK Companies

UK seeks tougher laws on corporate financial crime

A proposal to toughen UK laws to make it easier to hold companies accountable for financial crime is still under consideration by the government after years of back and forth, according to a speech from the solicitor general.“The weaknesses in our current law result in other jurisdictions holding British companies to account when ours has not,” Robert Buckland said yesterday ...

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Prominent Azerbaijanis Allegedly Laundered $2.9Bln Through 4 UK Companies

Middle East 22:41 04.09.2017(updated 23:02 04.09.2017) Get short URL Several companies linked to members of the Azerbaijani government appear to have run $2.9 billion through four UK companies in 2012-2014. MOSCOW (Sputnik) — Companies linked to members of the Azerbaijani government and its largest bank appear to have run $2.9 billion through four UK companies in 2012-2014 to pay for lobbying and some services, the Guardian newspaper reported ...

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UK at centre of secret $3bn Azerbaijani money laundering and lobbying scheme | World news

Azerbaijan’s ruling elite operated a secret $2.9bn (£2.2bn) scheme to pay prominent Europeans, buy luxury goods and launder money through a network of opaque British companies, an investigation by the Guardian reveals. Leaked data shows that the Azerbaijani leadership, accused of serial human rights abuses, systemic corruption and rigging elections, made more than 16,000 covert payments from 2012 to 2014. ...

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Everything you need to know about the Azerbaijani Laundromat | World news

What is the Azerbaijani Laundromat? A scheme to curry influence, pay lobbyists, apologists and European politicians and to launder cash. The $2.9bn (£2.2bn) operation ran between 2012 and 2014 – meaning that on average $3m was channelled out of Azerbaijan every day. The source of money isn’t always clear, but it comes from companies linked to Azerbaijan’s president, Ilham Aliyev, ...

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UK and Indian firms hope to strike new deals at oil and gas conference – IndiaGB News – INDIA UK NEWS | ANGLO INDIA NEWS | BRITISH INDIA NEWS | INDIA EXPORTS NEWS | UK EXPORTS NEWS

A delegation of Indian oil and gas organisations are set to meet British investors and export-ready firms at a major industry conference in Aberdeen tomorrow. The Society of Petroleum Engineers’ (SPE) Offshore Europe event attracts a wide range of businesses involved in energy resources development and production. Britain’s Department for International Trade (DIT) has invited a selection of leading Indian ...

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Pharma firms decline to report data breaches

Pharma firms decline to report data breaches – some don’t know how The study by Crown Records Management of 408 executives in UK companies with between 100 and 1,000 workers found 23 percent purposefully have chosen not to tell more senior management or the authorities, according to Securing Industry. Other findings include 15 percent of those hit with a data breach ...

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12 UK internet of things startups to watch

By Charlotte Jee & Hannah Williams | Sep 04, 2017 Share Twitter Facebook LinkedIn Google Plus The hype about the Internet of Things has continued to soar since 2016, and it doesn’t seem to be decreasing anytime soon. This has led to a growing number of startups hoping to harness this emerging technology. In the UK alone there are companies ...

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U.K. Seeks Tougher Laws on Corporate Financial Crime

Prosecutors and anti-corruption lobbyists have pressed the government to widen U.K. corporate liability laws to make them more akin to the U.S., where companies are more directly responsible for workers’ actions. Under current U.K. laws, a company can only be charged if prosecutors can demonstrate senior executives — or the so-called controlling mind — of a company were involved.

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