Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

U.K. Bolstering Anti-Corruption Efforts with Agency Reviews, New Laws

Roberta Holland | June 18, 2014

The United Kingdom is taking steps to make sure its anti-corruption house is in order, with a review of its various enforcement agencies and new laws to clamp down on abuse.

Prime Minister David Cameron and other leaders are in the process of setting up a multi-departmental team to review the different agencies charged with investigating and prosecuting bribery and other financial crimes, the Financial Times reported earlier this month. The move was prompted by recent financial scandals and investigations that taint London's status as an international hub of finance.

The ongoing scandal involving alleged benchmark rigging of the London Interbank Offered Rate, and high-profile corruption investigations of major U.K. corporations including GlaxoSmithKline and Rolls-Royce both in the U.K. and overseas, have dominated headlines in recent months.

The...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.